BB Practice • 10:00am - 11:00am
Mass Fr Hollis • 5:00pm - 6:00pm
Sunday, November 2nd
12N Fr Chris
Mass Fr Hollis • 8:00am - 9:00am
Mass Fr Chris • 10:00am - 11:00am
High School Theology • 11:00am - 12:00pm
Monday, November 3rd
Legion of Mary • 3:30pm
PSR • 6:00pm
Scripture Study Acts • 6:00pm
Parish Advent Prayer Partners
Advent is approaching in 4 weeks and we will begin preparing our hearts and home for the birth of Jesus. Prayer is an important component. The Parish Advent Prayer Partner event partners you with another individual or family in our parish.
Beginning the first Sunday of Advent and throughout the four weeks, each individual or family who signs up will be given a partner to pray for and someone will be praying for you as well. On the fourth Sunday we will gather for a continental breakfast at 11:00am to meet each other. You can still sign up for prayers if you are unable to attend. A sign up flyer will be included in next Sunday’s bulletin, Nov 9th, and will be on the website immaculate.net as well. Please fill out and return form by Friday November 21st.
See Parish Documents to the left for flyer and sign up form
My comments this week will focus on the financial status of our parish; I want to take this opportunity to thank you for your overwhelming generosity. We have much to be grateful for as a parish community, & it is all because of the many sacrifices that flow from our time, talents & treasures! The most recent issue of the Concept contains the 2013-2014 Annual Finance Report to the Parish; it also appears on the parish website (go to Immaculate.net, click on “Concept” at the top of the page). On page 6 of today's bulletin you will find the Mater Dei Academy Financial Results for the fiscal years ending June of 2011 through 2014.
This year the parish received many financial blessings, among them were: $76.3k from Rooted in Faith, donations & bequests of $324.4k, an increase in our Endowment Fund value & earnings of $213k. Because of these blessings we were able to use $196.8k of the donations & bequests to repay the remaining balance of the $400k loan (with interest) that was taken from the Endowment Fund to renovate St. Joseph's Hall; I am happy to report to you that the initial loan for these renovations has now been paid off!
Because we do not base our day-to-day operating on Endowment income/change in value or donations & bequests, our results reflect a surplus that has allowed our Endowment Fund to grow & helped replenish our long-term savings that had been drawn down to minimum levels at the end of 2012-2013. Our surplus for the fiscal year just ending would have been $51k - before the Endowment Fund change in value & earnings, Rooted in Faith & donations & bequests. In an effort to build cash reserves, I have asked our finance staff to budget at a conservative level for 2014-2015. Bishop Lennon has also communicated the importance of conservative budgeting and basing the operating budget on normal operating receipts—excluding earnings on investments and one-time donations/bequests. Because the capital expenditures for St. Joseph's Hall have been repaid, during 2014-2015, the parish will be using Rooted in Faith receipts to address some capital needs of our parish that have been deferred.
I will be addressing the financial support that the parish provides to our families at Mater Dei Academy next week.
Again thank you so very much to each and everyone for all you do to support Immaculate Conception!