A Note About Parish Finances

June 12, 2020

Dear Parishioners:

June 7, 2020 was supposed to be the closing day of JuneFest 2020, on a weekend that turned out to have perfect weather. However, because the changes brought about by COVID-19 have lasted much longer than we ever thought they would, our JuneFest and many other important events in the parish, have had to be cancelled for the time being.

Because of this, our parish has had to make adjustments in order to continue living out our mission to be a tower of faith for all God’s people. Some of these changes include making and sending out videos, information emails, phone messages, videos of our Sunday Masses, and even conducting parish meetings over the internet. Along with this, our school, like most schools in our country, has taken on the task of teaching our students through the computer while the students remain safe at home.

As all of this is happening, the parish, like any family, continues to take care of the electric and water bills, pay our faculty and staff, fix things around the property, keep everything in good repair, pay our taxes, and sanitize the buildings.

As you might expect, since the start of COVID-19 and the suspension of Masses with congregations for several months, our parish has suffered from the lack of Sunday collections, which are critical to our financial stability. Along with this, and the cancellation of JuneFest [our largest annual fundraiser], the loss of revenue has added up to a large deficit for the parish.

Some stark numbers show the situation we are in right now. The projected deficit for the parish, pre-COVID, was $45,000 [which was manageable because of our parish reserves]. Now, because of COVID, the projected deficit for fiscal year 2019-2020 is between $200,000 and $250,000 due to a lower enrollment for the school [which happens periodically], the loss of income from JuneFest, and a 10% decrease in our Offertory collections.

We have been working hard to keep costs down at the parish. Among the decisions which have been made are the following: There will be no raises in salaries for faculty and school staff, and also for the parish staff. We have also eliminated one teaching position at the school. This has been difficult for me as I know that our staff and teachers work very hard to make our parish and school the extraordinary community it is.

I realize that you have been going through much during this time of pandemic, but I ask you to please consider either sending in your envelopes or gifts through the mail or signing up for WeShare on the church website. Your parish has always tried to be there for you, and now we are asking you to be there for your parish.

WeShare, our online giving program, is simple and safe, and takes less than five minutes to set up. You may set up a recurring or one-time donation. Just go to www.olctk.org and click on the Online Giving button on the homepage. You may return at any time to edit your donation or to view your financial records. If you have any questions, the Parish Office is glad to help. Please contact Pam Gruesser at pam@olctk.org.

Thank you for being part of our wonderful parish!

God bless you.

Father Ed Smith,