Stewardship
| The following is taken from Father Ken's Kaleidoscope in
the July 12 bulletin: The Diocese is preparing the final document for our mortgage. Our mortgage is actually money loaned to us from the savings of other parishes in the diocese, simply deposited at the Diocese who serves as the "banker. So the interest we pay means interest earned by other parishes rather than at a bank. |
| Our new weekly financial report in the bulletin will now
have two columns - one column shows the operating fund that
supports the parish - salaries, programs, utilities, etc.
The second "restricted" fund denotes the contributions
specifically designated to pay the mortgage. That's been the
plan since the day we announced our plans to consider
construction of new facilities. We'll have a thirty-year
mortgage like many homeowners do. |
| We encourage every household to continue supporting the
operating fund as you have through the years. We also ask
you to support the Building Fund that will make the mortgage
payments. those designated contributions will only be used
for the mortgage payments, and in that fund they won't
increase our KDSA targets each year. |
| A benefit to making contributions to the Building Fund
is that those contributions are not considered when
establishing (raising) our KDSA target, because the target
is based solely on contributions to the operating fund. |
| You have been very generous this past year when other parishes have suffered for a variety of reasons. Thank you. |
