Parish of St. Vincent Ferrer and St. Catherine of Siena

A Parish of the Archdiocese of New York served by the Dominican Friars

December 03, 2016

The Second Sunday of Advent – Pastor’s Reflection (December 4, 2016)

In this bulletin you will find two financial reports. These tell you the story of the last fiscal year, September 1, 2015 to August 31, 2016, for our two former parishes of St. Vincent Ferrer and St. Catherine of Siena.

These reports have been compiled by our Business Manager, Lee Ann Rubino, and our accountant, Lani Cosme. Each report has also been reviewed by the Finance Council of the appropriate former parish.

Each report represents years of effort by the Finance Councils, Pastors, and Administrators of St. Catherine of Siena and St. Vincent Ferrer Parishes to bring ordinary income and expenses into line with each other. In both cases the story is of great progress toward real solvency through the practice of careful stewardship. For the news these reports give we are indebted to many people.

For the first time in many years St. Vincent Ferrer had an operating surplus, and this includes significant expenses for retirement and severance. St. Catherine of Siena had an operating deficit cut by more than half from the previous year. In this effort both parishes relied on donations that supplemented the offertory. Worthy of note is the significant amount of money raised by the HELP (St. Catherine) and Operating Deficit (St. Vincent) Collections.

Our current financial posture has evolved significantly from that portrayed in these reports. We have unified the parish administration with one Business Manager, one Music Director, one body of paid singers, and one Religious Education Coordinator. Further, the combining of the Mass schedule has meant that we no longer have two distinct worshipping congregations. From now on it will be more important to look at finances in terms of one revenue stream and one set of expenses.

Once again, let me thank the men and women who have so generously taken on the stewardship of parish finance, and called us to discipline and courage in the handling of financial resources. This is a debt we cannot repay except by thanks, and a gift to be reaped by future generations of the parish.

We will now need to provide for the administration of the unified resources of our parish. More information about this project will come to you in these pages in the weeks ahead.

Advent Peace!
Fr. Walter