Dear Parishioners,

            You will find here a Financial Account for the 2005-2006 fiscal year. I have previously established a parish finance committee and also have brought into the role of Financial Oversight, Mr. Bill Marsico. Together, the Finance Committee, Bill Marsico and Pat La Rosa, our bookkeeper, have worked diligently this year to give a proper account of our financial position. We have come a long way since I first came here in September 2003, at which time I was faced with a lack of financial oversight by the laity.  What has been accomplished could not have been done without the hard work of the above people and many others including auditors and diocesan finance employees.

            We have completed our independent audit of policies and procedures which was conducted by Templeton and Company LLP and are awaiting the final report on the results. The initial feedback from the firm was good. When the final report has been delivered we will schedule an Open Finance Committee meeting at which parishioners will be invited to attend. This will allow those parishioners who would like to ask questions regarding the church’s finances an opportunity to do so at the end of the meeting.  We will not be able to address issues regarding the previous administration but will do our best to discuss how your monies are handled since I become pastor. We have excellent advisors on our committee and our blessed with great talent in our parish. We will continue to strive to use due diligence in serving our parish. If you have any questions please contact me at 561-626-8626.

Father Brian Flanagan and the Finance Committee

 Karen Stedman-Chairperson

 Lillian Miotto

 Harry Darling

Rosemary Murphy

Ed Mahoney

Noelle Crawford    

Steven McIntosh

ST. PATRICK CHURCH OPERATING

REVENUE  & EXPENSES

Fiscal Year Ending June 30, 2006

 INCOME:      

Offertory Collections                                   $ 827,657

Debt Reduction                                               70,407                            

Diocesan Services Appeal                               84,962

Net Fund Raising Activities                              72,183

Poor Boxes & Candles                                   17,704

Insurance Reimbursement                                20,116

Non-Parochial Collections                              53,834

All Saints School Collections                           88,842

Religious Ed                                                   10,336

Donations                                                    193,801

Gift Shop                                                       19,071

Interest                                                            4,821

Misc. Income                                                      195

Total Revenue   $ 1,463,929

EXPENSES:

Clergy, Rectory & Office Staff           $  315,606

Ministries (Liturgy & Religious Ed)       185,734

Maintenance / Utilities                           237,698

Current Operating                               112,696

Diocesan Services Appeal                     84,962

Charitable Disbursements                     82,202

Debt Reduction (Principle & Interest)  130,567

All Saints School “      “                         88,000

Gift Shop                                            13,966

Total Expenses    $ 1,251,431

Liabilities: Mortgage  – New Church $ 1,166,138

Loan        All Saints School       $ 616,059