Per order of the Town of Shrewsbury, face masks are required and must be worn at all indoor public gatherings, including Mass, regardless of vaccination status. (eff. 12 Oct. 2021)

Financial Report
St. Anne's Parish, Shrewsbury, MA

Income and Expenses, Fiscal Year 2020

PARISH INCOME

AMT

Regular Sunday Collections $463,352
Christmas Collection $14,294
Easter Sunday Collection $6,872
Holy Day Collections $5,592
Fuel & Maintenance Collection $11,261
Snow Removal Collection $2,586
Religious Education (Registration Fees) $1,444
TOTAL PARISH COLLECTIONS $518,401
OTHER PARISH INCOME $11,540
(Bulletin Income, Memorials, Misc. Refunds, Flower/Candle Donations, Raffle, etc.) $11,540

TOTAL PARISH INCOME (A)

$529,941

Building Fund (These gifts were deposited into a Capital DEF Account at the Chancery as a separate St. Anne's Account and ARE NOT included in TOTAL PARISH INCOME above.) $55,434


PARISH EXPENSES

Financial Obligations to Worcester Diocese (CATHEDRATICUM) $78,586
(Includes Retirement for priests/religious, Catholic Schools, Property/Liability Insurance, Worker's Comp, employee pensions, Catholic Free Press Assessment, etc.)
Repair & Maintenance, including Preventative Maintenance (Church & Church Grounds) $74,325
Utilities (Electric, Water/Sewage, Heat, Phone System) $43,515
Parish Administration & Supplies (Church, CCD, Other) $24,389
Insurance (Health/Dental) $24,775
Liturgical Expenses $12,031
Payroll (Clergy & Staff, Misc. Contractors) $264,246
Rectory & Parish Hall Operating Expenses (Include food, supplies, cleaning, maintenance) $12,587
Religious Education Expenses $9,720
OTHER: Priest Car Allowances, Parish Events, Catholic School Tuition, Travel, Misc. Memberships, etc.) $31,455

TOTAL PARISH EXPENSES (B)

$575,629

NET: INCOME MINUS EXPENSES (A MINUS B)

($45,688)



CASH ASSET DETAIL

St. Anne's Savings Account (DEF) $136,523.58
St. Anne's Building Fund (Capital Fund to save for $250,000 repair of Fr. Smith Center roof) $65,245.37
COVID19 PPP Loan from the US Treasury (Assuming the US Treasury approves Loan Forgiveness) $50,500.00
Legacy Distribution to St. Anne's (Included in the DEF $136,523.58 balance above) $44,000.00
NOTE: $53,000 was withdrawn in FY 2020 from St. Anne's DEF Savings Account to pay for deficit $53,000.00

FINANCE OBSERVATIONS

The overall financial health of our parish is TRENDING BETTER but not EXCELLENT. For over 5 years, we have been in the red, requiring withdrawal of funds ($175,000) from our Savings to pay these deficits. This year, I implemented an aggressive cost cutting program, which saved $30,000. We were also blessed with a US Treasury PPP loan for $50,500 to defray payroll and utility costs. The Parish received our first Legacy payment from the Diocese for $44,000. Lastly, you have been most faithful and generous in maintaining your weekly offerings since COVID. For the first time in years, our finances are trending in a positive direction. Let's continue our work in keeping the doors of our Blessed Church open. GOD BLESS YOU, AND THANK YOU!