During January, we hear about the state of our town, state, country, and only the pope can give the state of the world. In the spirit of the State of the Parish, I wish to publish the financial statement for 2020-2021. A reminder our fiscal year begins on 1 September and ends on 31 August. In spite of the pandemic we were only $4,583 in deficit. An amazing accomplishment and shows how good you are, that through the difficulties, you still contributed to your parish.

Annual Financial Report
1 September 2020 – 31 August 2021

Revenue (non-restrictive accounts)

2020-2021            2019-2020
Sunday Collection                                                               $580,356               $621,007
Christmas                                                                             $ 64,083                $  72,754
Easter                                                                                     $ 45,065                $  36,708
Holy Days                                                                              $   8,943                $  18,038
Other sources                                                                      $126,814               $  75,628
Fundraising                                                                          $    2,066               $  40,245
Donations/bequests                                                           $ 41,285                $  35,152
Rentals                                                                                  $   1,680                $    9,695
PREP tuition                                                                          $ 32,486               $  71,813
TOTAL Revenue                                                                   $902,778               $981,040

Expenses
2020-2021            2019-2020
Salaries/Benefits (Clergy/Staff                                         $452,914              $453,643
Maintenance/Improvements                                            $ 98,782                $  74,229
Office Expense                                                                     $ 75,096                $  67,801
Church Expenses/Supplies                                                $ 32,145                $  29,815
Property/General Insurance                                             $ 39,751                $  38,353
Tax from Archdiocese
(School Tax-support to the Archdiocese)                       $133,890               $138,389
Utilities                                                                                 $  42,502               $  36,966
Household Expenses                                                           $ 15,290                $  13,333
Program Expenses                                                               $     316                  $  44,179
Charitable Contributions                                                   $16,675                                 $  14,924
TOTAL EXPENSES                                                                  $907,361               $896,729
TOTAL REVENUE                                    $902,778               $981,040
SURPLUS/(DEFICIT)                              $   (4,583)              $ 84,311

Notes: 1. We brought in $78,262 less income than the year before 2019-2020
2. We didn’t have the $10,000 Parishioner Only Raffle last year in fundraising
3. We received PPP1 (Paycheck Protection Plan) forgiveness income as well as CYO income
4. Repairs and maintenance included COVID related expenses, landscaping, snow removal etc.



Some of the projects we accomplished:
1. Painting of the trim work on the Church.
2. Lighting of the Western wall stained glass windows. After consultation with the window company, we have redesigned the project. The stained glass windows will be fully illuminated by a full panel of small LED lights with a dimmer. The windows will be fully encased and hinged for the future, in case someone needs to get to the light panel.
3. All new LED lights for the outside of the school and church buildings.

Our Sacramental Life
Baptisms: 69        Weddings: 37        Funerals: 54        First Holy Communions: 123        Confirmations: 83

What an Accomplishment
The generosity of St. Margaret’s parishioners is international. Over the years, one of our most dedicated parishioners, Maria Dowling spearheaded a project called, The Angel Project. The aim was to build a day-care school building in Ghana. Through Maria’s herculean efforts, and the Christian charity of St. Margaret’s parishioners, school children and the school community, the building is now completed. As you can see from the letter on page 4, the local bishop has named the school after us:
St. Margaret of Antioch. God will certainly bless you all, and this is what being Catholic means-universal. We take care of all of God’s people no matter where they live. Thank you to Maria Dowling, and thank you to all of St. Margaret’s family.