February 17, 2013 - St. Francis Xavier Catholic Church and School ...

Last fall, we made the difficult decision to reduce our
staff for both the parish and the school. We did this
to address the $120,000 budget deficit from the
previous fiscal year. Fortunately, we did not have to
borrow money from the bank and instead, we
borrowed it from our restricted funds. In addition,
we continued to pay close attention to all of our
expenses. Well, I have some good news to report.
Over the first half of our current fiscal year ending
this past December, we have a projected budget
surplus of $66,000.
As you can see from the details below, our income is
up and our expenses are down. Thank you for your
generosity. If we keep us this pace, we will be able to
eliminate a good portion of the $120,000 deficit. I
want to reiterate that while this is good news, these
are still projections. The deficit will remain until the
end of the fiscal year. At that point, we will be able to
determine officially how much we will be able to pay
back to the restricted funds.
In addition to this deficit, we also have a deficit with
our Preservation Fund. As you have seen, we have
done a lot of work on the Church the past few years.
With the additions and the regular maintenance of a
Church that is almost 100 years old, we have made
an important investment. The deficit for the
Preservation Fund is about $35,000. We have no
plans on any more major investments in the Church
until this deficit is gone.
Please keep on doing the wonderful work that you
do for our parish. In the end, we entrust all of this to
our Blessed Mother. She will always take care of us.
Peace,
Fr. David Hennen
Church of St. Francis Xavier
Profit & Loss Budget Performance
Income Actual Budget
Parish $710,835.71 $693,875.00
School $566,733.87 $532,900.00
Preschool / Day Care $60,530.15 $57,700.00
Total Income $1,338,099.73 $1,284,475.00
Expense Actual Budget
Parish $447,218.97 $440,205.00
School $591,066.78 $609,120.00
Preschool / Day Care $47,760.15 $49,900.00
Total Expense $1,086,045.90 $1,099,225.00
Net Income $252,053.83 $185,250.00
St. Fr ancis Xavier School
Please join us for the Perfect Pr ayer!
Mass is celebr ated each Wednesday
at 9:00am in Trinity Hall.
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No School...Monday, February 18
School Office is closed.
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2013-2014 Registr ation
Preschool Open House, Monday, February 25
6:00 8:00 pm
week of February 25
week of March 4
Preschool Open Registr ation begins March 11
Registr ation forms available at Open House
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Kindergarten Round Up and Registr ation
Thursday, February 28, 6:30 pm
Registr ation for all other gr ades
begins in March.
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STFX 12 TH ANNUAL SPRING FEVER
Saturday, April 20, 2013.
Remember...tickets are limited!!!
just stop in and see Mrs. G.
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Saints on Stage presents
Guys and Dolls, Jr.
Friday, Saturday, Sunday,
March 8, 9, and 10
Watch for tickets to go on sale...
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Lenten Meal /Stations of the Cross
Join your Parish Family for dinner before the 7:00pm
Stations of the Cross on Fridays during Lent. This
week, enjoy a fish dinner beginning at 5:30pm in the
Parish Hall. A free-will offering will be taken which
will go to the Youth Group and Love, INC.
Invest in the youth of St. Francis. In conjunction with
the Lenten meals we will be offering a new fundraiser