Stewardship


“Stewards acknowledge God as Creator and Owner of all and shares gifts out of love for God and one another.”

 

STEWARDSHIP UPDATE 

Fiscal Year (July 1, 2019 – June 30, 2020)

 Our Income Dropped by $313,000.00! This is a result of:

  • Weekly collections dropping severely March 2020 – June 2020.
  • We did not get the big Holy Week (Palm Sunday and Easter) collections we usually get.

Holy Week alone $70,000 less than last year.

  • We lost Preschool tuition from March 15 to end of school year.
  • We lost fees from weddings, quinceañeras, and such.

We have cut our costs:   Without yet reducing staff, we reduced our expenses by $135,000.00 by cutting contractors, utilities, supplies, printing, deferred repairs to our facilities

Net income for the fiscal year was just $23,000.  We had hoped for and planned for $200,000.00

Fiscal Year 2020/2021 Budget (July 1, 2020 – June 30, 2021)

We are expecting lower income:  We expect to see collections down, lower enrollment in the preschool and lower enrollment in Faith Formation. Staff have assumed a new normal

  • We are expecting our income to be at $2.35M, which is $711,000 less than actual revenue from the last year.
  • We have reduced our expenses further to $2.695M. The majority of our expenses are payroll, taxes and benefits.
  • We are expecting a net loss of $347,000.00. This means that our collections will not cover our expenses each month. 
  • The new 2020-2021 budget has not yet been submitted to the Archdiocese of Atlanta for approval pending the outcome of our Stewardship Renewal Drive.

Efforts to Increase/Sustain Revenue: To offset this projected loss, the staff has initiated the following:

  • Stewardship Renewal Drive– This is NOT A CAPITAL CAMPAIGN to fund renovations to the current building or campus, but a Stewardship Renewal Drive to keep our doors open. Currently, 570 families make up over 85% of existing offertory to STA. We have a target goal of increasing our annual offertory by $150,000. We will call every registered household, explain our situation and ask the household to consider increasing their gifts to the parish by 10%. 
  • Other Income Opportunities- Provide additional Mass opportunities as safety allows.

Efforts to Minimize or Reduce Expenses: Our goal remains to reduce expenses while trying not to reduce staff headcount.  However, with reduced program revenue, reduction in staff will be necessary.

  • Identify payroll opportunities to reduce expense
    • Retire/Layoff/furlough/separations in a phased approach. September notification to select staff considered.
  • Defer Archdiocese support payments (this will create a short-term debt with no interest) to manage cash flow as needed. It should yield a monthly cash savings of $34,000.00. However, this will ultimately have to be repaid!

Cash on Hand: Currently we have Cash on Hand as follows:

  • Our Checking Account averages $20-30k per month. Without taking the proposed steps, this will go negative in October.
  • Savings $409,000.00. Savings could be used to offset the loss of collections with no actions outlined above but this trajectory would eliminate savings by next summer.
  • Withdraw funds from our Endowment of $228,000. This would Require Archdiocese approval to access and a cumbersome process.

 CONTACT:

RICARDO LUZONDO

Director of Discipleship & Stewardship

   

 

Stewardship

As Catholics, we are called to recognize that everything we have, everything we can do is the result, in one way or another, of a gift we have received from God. If you can take some time now and start counting your blessings, you will realize how gifted and blessed you are. Living with joy and gratitude for the received blessings introduces us to a lifestyle called Stewardship. The US Conference of Catholic Bishops defines Stewardship as “an expression of discipleship, with the power to change how we understand and live our lives.”

Sharing our gifts of talents, time and treasure is a way to live like Jesus who did not keep anything for him and gave up all He had and died to make us whole.

St. Thomas Aquinas Catholic Parish invites you to walk our journey of living this lifestyle and offers you a process of learning about and practicing stewardship through our web site, weekly bulletin and in campus conferences.

Our Parish offers you the option to make your weekly, monthly or annual donation electronically or by the traditional envelopes you receive by mail.

Click here to give online.

Expanding Generosity 


St. Thomas Aquinas Catholic Church is filled with faithful, devoted, and generous families that have made the growth and progress of our community possible for almost 50 years. Today, we need to come forward and continue offering our support to realize our parish mission of “Welcoming everyone to proclaim and live the joy of the Gospel,” while keeping social distance for the times we are currently facing.

We invite you to continue apportioning your gifts and tides via regular mail or dropping in the black box outside the office or, even more secure, the online giving through our web site or the new application on your smartphone. 


Upcoming Second Collections

Oct. 4 | Maintenance Fund

Oct. 11 | SVdP - STA

Oct/ 18 | World Mission Sunday

Oct. 25 | NFCC

 

 

Budget Week Nbr. 19   20   21   22
Date 11/09/20   11/16/20   11/23/20   11/30/20
               
Offertory Collections $26,595.05   $24,252.00   $16,668.45   $12,271.16
Online Giving $26,167.33   $13,454.00   $19,924.00   $17,531.00
Total Weekly Offertory $52,762.38   $37,706.00   $36,592.45   $29,802.16
Budget for Week $36,000.00   $36,000.00   $36,000.00   $38,000.00
Weekly Variance $16,762.38   $1,706.00   $592.45   -$8,197.84
               
YTD Offertory $833,451.70   $871,157.70   $907,750.15   $937,552.31
YTD Budget $692,000.00   $728,000.00   $764,000.00   $802,000.00
YTD Variance $141,451.70   $143,157.70   $143,750.15   $135,552.31