Dear Parishioners and Friends,
The capital campaign parish fundraiser which began in July of 2016 for the renovation and repair of our parish Churches has concluded. I am truly amazed at the generosity of our members!
1,635 families donated a total of $2,468,596.42 — which consisted of 12,342 separate donations of varying amounts.
There are a few remaining pledges for the Stained Glass windows in St. Joseph Church, allowing the donation total to reach $2.5m – $1.3m in excess of our original target.
The total expenditure on building repair works was $2,470,356. Additional expenditure of $354,340 is due to be paid out as we complete the approved stained glass window replacement project in St Joseph Church.
Currently our Parish has $1,784,415 in savings. The recent sale of St Patrick’s rectory for $125,000 will increase our parish Endowment Funds to $817,850. The earnings from these funds will be used for continued support to Catholic Education Tuition Assistance for our active parish members who meet the specified criteria.
As we move forward into Family of Parishes; I wish to reassure you that our resources will remain 100% within our parish, and expended solely upon the needs of our parish. St Vincent Pallotti Parish Finance Council will maintain their governance and oversight of our finances into the future.
Fr. Brendan McCarrick SAC — Parish Administrator