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To: Pastors and Business Managers
From: Brad Wilson, CFO, Office of Finance
The Budget for Fiscal Year 2020 was approved by the Archdiocesan Finance Council. Due to the suspension of the Council of Priests with our seat vacant, I reviewed the budget with the College of Consultors. The budget is attached for your review.
The Chancery revenue is budgeted to grow at 0.6%. The Rite of Election, previously held centrally in the past, will now take place at three parish locations, a savings of approximately $130k. The Vocations budget decreased by $380k, even after the addition of an Assistant Vocations Director. Two other new positions were added, an Assistant Director of Stewardship and an Assistant Director for Pro-Life. Overall expenses increased by 0.6%. I am thankful to the Department Heads, who found ways to deliver another balanced budget.
The School Assessment decreased for the thirteenth consecutive year. In comparison to the original school assessment rate, this year’s reduction amounts to $3.9 million; and over the thirteen years, the cumulative reduction is $29 million. The financial leadership of the Office of Catholic Schools, the establishment of GRACE Scholars, the hard work of our principals, and most importantly, your efforts to grow offertory are the primary reasons why the School Assessment continues to decrease.
We continue to look for ways to control costs and to provide needed services. To discuss the budget, either individually or at deanery meetings, please email me at email@example.com or call me at 404-920-7404.