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Dear St. Joseph Parishioner:

I am pleased to provide you with the 2016 annual parish financial report as part of this bulletin insert. It is also located on the parish website. This report covers the fiscal year from July 1, 2015 through June 30, 2016. The report includes macro line item details as well as easy to read pie charts summarizing the sources of income and expenses within the parish. Highlights of the annual report are as follows:

• TheParishandSt.JosephSchoolreportedcombined net income of $238,554 based upon $4,650,468 of revenue and $4,411,914 of expense and debt payments.

• Weeklyoffertoryisup$15,496,or3.3%,overtheprior fiscal year (FY15), in addition to an increase in Christmasdonationsof$52,160,or29.8%.

• Majorbequestsreceivedtotaled$279,914.Ofthis, a one-time donation of $200,000 was desig-nated as follows: – $100,000earmarkedforSt.JosephSchool; $50,000 toward academics in Science, Technology,EngineeringandMath(STEM) and$50,000ingeneraloutlay; – $50,000forYouthMinistry/ProjectPeople; – $50,000 general expense for the Parish.

• Schooltuitionrevenueincreased$23,592,or1.5%,primarilyduetoatuitionincreaseof2.5%.PreliminaryenrollmentlevelsforFY17havein-creased by 10 students in K-8, however, preschool enrollment has experienced a decline of 4 students from FY16 levels.

• Financialsupporttowardeducationministriesinclude$108,135and$173,196ofoperationalexpense for St. Joseph School and the Religious Education Program respectively, in addition to $588,962 loan payments for the school construc-tion and expansion.

• Totaloperatingexpenseincreased$202,614or4.8%,comparedtoFY15dueinlargeparttoanincrease in capital expense related to completion of roofrepairstotaling$87,410and$72,407toward

school technology. The increase in capital expense wasoffsetbydecreaseinadministrativelineitemssuch as maintenance and mortgage interest expense.

• TotalnumberofRegisteredHouseholdsregularlyusing envelopes or Electronic Funds Transfer (EFT) foroffertoryincreasedslightlyto774perweekfromFY15.Thisrepresents29%ofthetotalreg-istered households using envelopes or EFT which also increased slightly over FY15 levels.

• Diocesan7%Assessmentpaidintheamountof$132,310.

• LoanbalanceasofJune30,2016was$4,588,566a reduction of $349,554 from regular monthly and early principal payments.

• Earlyprincipalpaymentsoverandabovetheregularmonthlypaymentsof$120,962(PinkDebtReductionenvelopes,ChangingLivesTogetherandChrist the Redeemer Parish support) were made on the loan as a direct reduction of the outstanding balance.

• Theloanof$6,299,588wasfinancedthroughtheArchdioceseofDetroitJuly1,2012withanoriginalmaturity date of July 1, 2032. The additional pay-ments noted above, have reduced the outstanding balanceandacceleratedthepayoffdatetoApril2,2028, four years earlier than planned.

It is worth noting both the parish and school have done an excellent job managing a tight budgetfor the fiscal year. The positive financial results of $238,554 are largely due to a generous one-time gift of $200,000 earmarked for specific purposespreviously mentioned. It is encouraging to see an increase in offertory revenue and householdsparticipatingonaweeklybasis.Yourgenerosity isgreatly appreciated!

Hopefully you will notice we no longer have orange buckets interspersed in the sanctuary. No, we didnotreceivenotificationon“HowNOTtoDecorateaSanctuary”,ratherthroughthetenaciouseffortsof

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ST. JOSEPH CATHOLIC CHURCH & SCHOOL

our Building and Grounds Commit-tee the portion of roof with inces-sant leaking has been replaced. Wetruly celebrate the glory of God in thisachievement!Wewereabletoal-locate$278,076towardmajorcapitalprojects and school technology thisyear, however, there remains a litany list of deferred maintenance expense on campus that continues to grow. Case in point,major portions of the

parkinglotandschoolroof.Onelastitemtocelebrateistheopen-ing of our satellite pre-school program at Christ the Redeemer with an enroll-ment of 24 children this September. The goal for this initiative is have these children continue their faith based ed-ucation at St. Joseph School.

AswegivethankstoGodforthemanygifts and blessings within our lives,

please pray over how your life is posi-tively impacted by the many ministries here at St. Joseph and offer amean-ingful pledge during our annual St. Jo-seph Stewardship Treasury renewal on theweekendofNovember5/6.

Peace,Gerriann ReimannChairman, Finance Council

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EXPENSES

INCOME

ST. JOSEPH CATHOLIC CHURCH: 2016 Annual Financial Report

St. Joseph Parish Sacramental Statistics 2015-2016 Fiscal Year

Sacrament Amt.

Baptisms 187

First Communions 166

Confirmations 149

Marriages 53

RCIA Candidates 17

Funerals/Memorials 81

Ordinations 2

St. Joseph Parish Offertory Giving TrendsAverage envelope & electronic giving per week

Fiscal Year Envelopes Electronic Total

2011/12 568 224 792

2012/13 514 244 758

2013/14 503 239 742

2014/15 476 290 766

2015/16 473 301 774

PRAY • TEACH • SERVE

2016 Parish Mission St. Joseph Preschool at Christ the Redeemer

Project People 2016 Christmas 2015