Dear Folks,

The first Sunday in October is the week we traditionally target to share the Fiscal Y ear Report with parishioners. Thank you Elaine, for your work in getting it ready for the bulletin!

If you look at the very bottom line of the income statement, you’ll notice, we spent $2 million more than we brought in. I bet that got your attention! But don’t worry—this is expected. We just dedicated the approximately $6 million expansion of our parish school! W e’ve been saving for years to make this possible. That’s why previous years showed positive net income—as we were intentionally saving in advance so we could build what we can afford.

I also want to highlight the net operating surplus of $560k. This shows that even while construction was underway, we kept our operating expenditures below our regular revenue. Our ability to do this consistently over many years is a big reason why we’ve been confident in our ability to fund projects already completed, currently underway, and in development.

The balance sheet portion of the report shows our assets and liabilities. This section may interest those who love accounting, but fundamentally, it reflects our assets (cash, restricted savings, even buildings!) and liabilities. One unusual number you’ll see is ‘unrestricted net assets’ of -$440k. Sometimes this would reflect loans or debt, but in our case, it means that most of the money for the school expansion is temporarily restricted—it was donated for a specific purpose and can only be used for that purpose. You’ll see the corresponding ‘temporarily restricted assets’ listed at $1.146 million.

Let me also give you a few bonus stats:

• 77 people became Catholic through the OCIA program

• 41 already-Catholic adults were confirmed

• (If you saw the Easter Vigil photos, now you know why the line of folks receiving sacraments stretched

across almost the entire Expo Center—and this year’s class looks even larger!)

• 64 weddings were celebrated

• 54 funerals were held—curiously, the exact same number as the year before

• 368 people were anointed with the Sacrament of the Sick

• (Though I must confess I don’t always record every one when folks grab me after Mass—so the real number

is likely even higher!)

The annual report lists 6,939 families in the parish as of July 1st—and with recent RE registrations, we may have cleared 7,000! Oh my!

Have a blessed October, and thank you for helping make this parish so faith-filled, growing, and vibrant!

Pax,

Father John Mosimann