Finance Council

Fiscal Year 2018 Financial Update from the Finance Council
 
Below is a summary of our finances through the close of the Second Quarter Fiscal Year 2018, which ended on December 31, 2018. We ended the quarter with a Net Income of $113,642.28. Our primary income drivers – Offertory came in approximately 6% over budget while and Debt Reduction came in at budget. Offertory in December came at the highest level in five years. On the expense side of the ledger, our major expenses were in line with their budgets. Utilities remain high due to abnormal electric bills in July and August. Expenses in general were 43.95% of budget.

Thank you for your generosity, support and making St. Luke your home. Please continue your financial support as a sign of our mutual responsibility to provide the resources needed for us to fulfill our parish mission. May God Bless You.