PARISH APPEAL UPDATE – MAY 21, 2023 The 2023 Parish Appeal is off to a good start thanks to you. For the first 30 weeks 248 families donated $102,605. The 2022 Goal is $150,000. The first $150,000 will support parish operating expenses. Remaining funds will be dedicated to the Emergency Fund. The Finance Council and Father Scott thank you for your generosity. There are multiple ways to donate to the Appeal:
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ASSUMPTION BVM PARISH
2022 Parish Appeal
Case Statement
What is the Need?
Our Assumption BVM Parish family depends on the contributions of every member to fulfill our Parish mission. Offerings of time and talent, through any of our Parish ministries, truly bring us closer to Jesus in a very personal way. Offerings of treasure, while less personal, are nevertheless vital to our Parish life and ministries.
The Parish Appeal was established in 2016 for the purpose of eliminating the second offertory collection for specific expenses, (e.g., snow removal, heating, air conditioning, etc.) and to establish a long-term funding source for capital needs. To date, the Parish Appeal has met both of those financial goals thanks to the generosity of the Parish family members.
To meet the projected financial needs of the Parish in FY 2022 we have set an overall goal of $175,000 for the Parish Appeal and identified two key areas where Parish Appeal proceeds should be targeted. The details are discussed below and are summarized in a table at the bottom of the Case Statement.
Based on our estimates of projected expenses and income, we recommend that $150,000 should be directed to the Budgeted Operating Expenses.
Each fiscal year, we define an operating budget that projects our best understanding of income and expenses for the year. Our primary source of income is the Offertory Collection, but due to declining attendance at Mass, especially during the current pandemic, the Offertory Collection has declined ~ 4% in the first quarter of Fiscal Year 2022. In order to offset this decline, we must turn to the Parish Appeal for additional funding. We estimate that we may need up to an additional $25,000 from the Parish Appeal to fill this gap.
Parish Appeal Summary | 2019 Actual |
2020 Actual |
2021 Actual |
2022 Budget |
Parish Appeal Goal | $150,000 | $150,000 | $150,000 | $175,000 |
Parish Operating Expenses | $100,000 | $150,000 | $145,000 | $150,000 |
Emergency Funds | $49,000 | $12,000 | $20,000 | $25,000 |