Financial Statement
Report of Parish Finances for the Period July 1, 2006, to June 30, 2007
Dear Parishioners of St. Martin of Tours Church:
In July, 2006, our Parish Finance Commission reviewed last year's records and the annual report that was forwarded to the Diocese of San Jose. [Click here for a pdf copy of our Annual Report. A chart of the School's Expenses and Revenue are also available in pdf format.]
Parish Operations.
This financial year we are again facing increased costs, like health benefits and retirement costs, utilities, and general insurances. We continue to rely on your generosity to cover the day-to-day operations of the parish and to maintain the facility.
We ask that you consider joining the 140 families who are making their church contributions using electronic bank transfers set up through the parish office. This is a convenient way for you to give without the hassle of checks and ensures that the church receives a steady flow of revenue even on those weekends when you are away from home. Simply complete and return a sign-up form (available at the main entrance of the church or in the rectory) if you wish to take advantage of this great program.
On behalf of all parishioners, thank you for your continuing support that gives life to our parish vision of People Ministering to People.
Financial Report Questions and Answers…
- What is happening with Ciro House and what is the financial impact on our budget? The Vocations Office is paying sufficient rent to the parish to offset all costs associated with Ciro House, including the interest and principal payments for the outstanding loan which was paid down to $68K using net rental income earned in the 2006/07 financial year.
- How does the automatic debit program work for making regular contributions? 140 parish families have signed automatic debit authorizations to have their regular weekly contributions automatically withdrawn from their bank account each month. This program ensures that the parish receives a predictable revenue stream while providing a convenient way for parishioners to donate. Simply complete and return a sign-up form if you wish to take advantage of this great program. These forms are available at the main entrance of the church.
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