At the end of May, plate and pledge giving for 2007 was about $20,000 below the projection. Based on historical performance, with the exception of April, every month this year has seen below average giving as a percentage of the budget. To put the financial situation in perspective, the $20,000 shortfall is about 9% of what should have been received - $228,000 was expected and $208,000 was received. It is also important to remember that even if this shortfall is made up, and all of the projected giving is received by the end of the year, there is still expected to be a $25,000 operating deficit. This assumes all the budgeted expenses, which total $635,000, are incurred. Spending may be able to be reduced slightly. The budget is already very lean, which makes sizeable cuts difficult and painful. Any deficit incurred will be taken from the operating reserves, which is not a long-term solution.

Everyone needs to be alerted to the situation. History shows that this parish can and will respond when there is a need. Currently there is cause for concern but not necessarily alarm. Please review current giving to see that pledges are up to date, and that they will be kept up to date over these summer months when so many may be out of town. It is not too late to submit a pledge card for this year. Pledge cards are available in the Church office.

Any questions or comments about any aspect of the Church finances can be direct to John Pasour, Treasurer. He can be reached at john.pasour@verizon.net.