Financial Update

by Leif Kehrwald

As I reported at Masses this past weekend, it is likely that we will end the fiscal year in the black. This is significant because it has been a decade or more, I'm told, since the parish ended a fiscal year in the black. Pasted below is the financial summary as of the end of May. As you can see we are $9582 in the black. I don't yet have June's report.

That's the good news. And I am grateful to the staff and the Administrative Council for their fiscal prudence. I am even more grateful to all parishioners for your generosity. Thank you. 

The not so good news is that offertory giving in May and June were at historic lows. Offertory giving averages $10,000 - $15,000 per month. May and June were well below average. Summer is a difficult time for cash flow. Church attendance and contributions are traditionally down, but payroll and nearly all other expenses remain the same. We work hard all year long attempting to fulfill the mission of St. Charles. We are also working hard to be fiscally responsible to ensure that St. Charles has a long and vibrant future. 

Five Bucks a Week. Here's an idea put forward by a couple of people on the Administrative Council. Would you be willing to increase your offertory giving by just five bucks per week? When is the last time you increased your gift to the parish? I know that for some, this just isn't possible. No problem. And yet for others, it's quite doable . . . maybe even more. Consider it. Thanks for your generosity.

Any questions about parish finances, please contact me at lkehrwald@stcharlespdx.org or at 503-351-9889.