In an effort to keep you apprised of our monthly financial situation, we are distributing a monthly “Financial Corner” which lists the total Offertory and Expenses for the month, showing a Profit or a Loss.  It also includes a graph showing that month’s top ten expenses.  This report is sent to our email distribution list, posted on the church doors, and a summary is included in the Bulletin.  These reports show that we are slowly making progress, but still have a way to go.

In addition to your offertory contributions, we wish to thank those parishioners who went the extra mile with very generous Special Donations which helps us stay afloat.  A special thank you to the Knights of Columbus who contributed $10,000 toward our annual Catholic Mutual insurance cost of $26,513.73 and to the McConkey family who contributed $12,500.

In August last year, we made a plea to all parishioners with respect to our failing roof.  Catholic Mutual refused to entertain any more roofing claims due to its age and condition.  The possibility was high that it would not survive another winter.  Therefore, in September, we held a parishioner Town Hall where we received strong support to reallocate funds raised for the Lift Project, in order to replace the roof.  A contract was granted to J. Bower Roofing for $156,769.01 who have partially completed the project, in an attempt to avoid any possible leaks in the Spring.  The roof is expected to be completed toward the end of March this year.
Upon completion of the roof, there will remain approximately $80,000 in GICs with the Diocese for our Lift Project.  Your Parish Finance Council is considering a more economical commercial chairlift option, but all planning in this regard is currently on hold, pending a financial evaluation following the completion of the roof.

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