Finance Council
The Diocese of Richmond document, "Called to Stewardship, Diocesan Policies for Parish Finance Councils," 3rd Edition, Revised March 2007, requires St. Patrick to have a functioning Finance Council composed of at least 5 members, exclusive of the Pastor.
The mission of your Finance Council can best be characterized by this quote from Bishop DiLorenzo's letter at the beginning of "Called to Stewardship:"
Parish Finance Councils are mandated by Section 537, Code of Canon Law. They are not discretionary but must be formed, operated with the law and serve as a valuable resource of financial and fiscal advice to each pastor. It is through the talents of these members of our parish laity that the funds and financial resources of our parishes are to be safeguarded and utilized in the best interest of the parish mission statement.
The Finance Council routinely meets at 1:30 p.m. on the 3rd Wednesday of the month in the Parish Offices. While the Diocese requires the Finance Council to conduct its business in closed session, the Finance Council invites all parishioners and any other interested persons to submit written comments by regular mail, email (addressed to Officestpats@embarqmail.com with "Finance Council" in the subject line), or by personal attendance at meetings before the Council closes for its business meeting. The Council will make every effort to respond to any input, providing the input includes a name and address. Anyone planning to attend a meeting should check with the Parish Office to make sure the time/location of the meeting has not changed.
Annual Budget
The Richmond Diocese's fiscal year begins on July 1 and concludes on June 30. The see the budget for Fiscal Year 2011/2012, click below.
View Fiscal Year 2011/2012 Budget
The Diocese determines many of the figures to be used in such areas as retirement contributions, medical insurance, cathedraticum rates (currently 10.5%), and the amount of permissible pay raises for the pastor and employees.
Your Finance Council offers the following observations about the current budget:
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For the 3rd year in a row, the budget has been reduced to reflect the declining levels of stewardship by parishioners. This year's budget has been reduced by 3% of last years budget.
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While the Diocese has annually allowed pay raises for the Pastor and paid staff, the Finance Council has not authorized a pay raise for the employees and the pastor for the last 4 fiscal years.
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The majority of the budget is mandatory expenditures from utilities to salaries.
2010-2011 Year-End Fiscal Report
St. Patrick's Parish ended the prior fiscal, FY11, with one Diocesan Cathedraticum Assesment in arrears. The parish made great strides in reducing the parish debt to the Diocese remaining from FY10. To see the year-end Financial Report for 2010/2011, click below.
View Fiscal Year 2010/2011 Year-End Report
Finance Council Members
Edward W. Hosken, Jr. - Chair, 463-2480
Richard Hiser - 463-3857
Jacqueline Koury - 463-5333
Joseph Koury - 463-5333
Audrey Vaughn - 464-3845
Direct Debit
St. Patrick Church is joining the community of Catholic Churches that offer a direct debit program for your church offering. You determine every part of the program, including the amount of the offering, the frequency of the donation, and the accounts you would like some or all of the offering to be applied. There is no cost to you, and you may withdraw from the program at any time. For more information and an enrollment form, click here.