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 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.
Finance Council Members:
Eric Hutchings, Chair
Annual Budget - FY21
The Richmond Diocese's fiscal year begins on July 1 and concludes on June 30. The Diocese determines many of the figures to be used in such areas as retirement contributions, medical insurance, cathedraticum rates, and the amount of permissible pay raises for the pastor and employees.
Your Finance Council offers the following observations about the current budget:
The cathedraticum is calculated on a progressive scale. St. Patrick’s effective tax rate is about 8.6%.
Overall budgeted income and expenses are the same as FY20.
There are no salary increases budgeted for FY21.
The majority of the budget is mandatory expenditures from utilities to salaries.
To view the FY21 vs. FY20 budgets, click the link below for the Fiscal Year 2019/2020 (FY20) Year-End Report.
2019/2020 (FY20) Year End Fiscal Report
St. Patrick's Parish ended the fiscal year "in the black" due to the support of our parishioners and friends. To see the year-end Financial Report for FY20 and the budget for FY21, click the above report.
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.
25 Year Capital Maintenance Plan
In June 2014, the Garden and Maintenance Committee completed an “Inventory and Estimate of 25 Year Replacement Costs” for the major equipment and structures owned by St. Patrick’s Catholic Church. This inventory and estimate were then used as the foundation for creating the long-range 25 Year Capital Maintenance Plan (CMP), which was commissioned by the Rev. Father Joseph A. D’Aurora and presented to the Finance Council on June 15, 2014.
The CMP explains that the Parish has facilities and equipment valued at over $1,630,000 that must be continuously maintained and/or replaced. Meeting this financial obligation, as well as upgrading our facilities to better accommodate our handicapped parishioners and visitors, will require continued Maintenance Reserve Fund contributions from our parishioners.
To address the long-term needs of the parish, several steps have been taken.
A Maintenance Reserve Fund has been established to avoid the need for future Capital Campaigns and to ensure adequate funds are available to repair or replace equipment over time.
Adequate operating funds have been budgeted to put in place contract service agreements for preventive maintenance using appropriate experts to protect our investments and extend the useful life of equipment systems.
An accurate inventory of St. Patrick’s facilities and equipment has been documented.
A long-term comprehensive maintenance plan for guiding maintenance activities and forecasting future projects and capital investment has been developed.