Parish Financial Report

A Catholic parish finance council is a consultative body that advises the pastor on the administration of a parish’s finances and temporal goods, including developing and overseeing the annual budget, monitoring financial records, and ensuring internal controls are in place. It is a mandated body required by canon law, but the parish finance council itself does not have decision-making authority; its role is to provide advice and guidance to the pastor, who remains ultimately responsible for financial administration.

The members of St. Joseph parish’s finance council are: Debbie Rossetto (chair), Elenita Agbayani, Bill Eagan, and Bill Utic. Parish business manager Gina Mehta supports the finance council and Gina and our pastor Father Thi attend all parish finance council meetings.

Key roles and responsibilities:
• Budgeting and financial planning: The council assists in creating the annual budget for both operating and capital expenditures and conducting long-range financial planning.
• Financial oversight: It monitors the parish’s financial status by reviewing income and expense reports, bank statements, and accounting controls.
• Internal controls: The council helps establish and review internal accounting and financial controls to ensure proper procedures are followed.
• Reporting and transparency: It helps in compiling the annual financial report for the parish community and the diocese, promoting transparency in how the parish’s resources are managed.
• Advising on expenditures: The council advises the pastor on more significant financial matters, such as capital expenditures, major repairs, and contracts.
• Stewardship: The council provides guidance on maintaining and enhancing revenue streams and promoting the stewardship of parish resources.

2024 Financial Overview
As your Parish Finance Council, we are deeply concerned that for the second year our offertory collection fell short of our budget. While there was improvement, we can not sustain our parish staff and ministries without everyone’s financial support. Through careful financial stewardship, we spent less on parish operating expenses than budgeted, resulting in a smaller net operating deficit for the year than would otherwise have occurred.

A Call to Stewardship
Giving generously is an act of thanksgiving for the abundant blessings God has bestowed upon us. Every gift, whether great or small, strengthens our parish, supports our ministries, and allows us to carry out the work of Christ in our community. The parish experiences the same inflationary cost increases as our personal and family budgets. Please increase your giving every year to help us keep up. And if you are not contributing at least $20 each week to the collection basket, please make this minimum commitment.