Although the final numbers were not quite ready, Pohick’s financial situation at the end of 2006 was very strong. Generous giving during the month of December pushed the budget into the black for the year. Total “plate and pledge” giving for the year was $602,646 - a new record! At the same time, frugality and good fortune kept the total annual operating expenses below budget by more than $10,000. Thus, instead of the $22,000 deficit budgeted for the general operating fund, there was actually a surplus of over $19,000. In addition, the cemetery operation exceeded expectations, which yielded an additional surplus of approximately $20,000. According to custom, these excess funds were deposited into the appropriate accounts adding to the operating reserves.

As the new year begins, there is a projected operating deficit of about $25,000. Pledges are behind compared to the same time last year, so it is necessary to exercise caution. The 2007 budget is lean. Salaries were increased slightly, with a cost-of-living increase of less than 3%. Some needed repairs, such as carpeting in the parish hall, were once again deferred. And, the large reduction (over $20,000) in Outside Giving that was made in 2006 has not been restored. While the 2006 surplus provides some hope for addressing these issues, the 2007 situation will need to be carefully monitored before making any budget adjustments.

For answers to any financial questions, please contact John Pasour by email at john.pasour@verizon.net.