Parish Financial Report

Tithing and Almsgiving 

Learn about the difference between tithing and almsgiving here in a letter from Fr. Richard.

Fiscal Year 2018-2019

The members of the St. Gabriel Catholic Church Finance Council are grateful to present the 2018-2019 financial report. Due to the continued generosity of our 3,500 families, our finances are solid, and our community is strong. We are very blessed.

Some of the 2018-2019 financial highlights include:

  • Overall operations (revenue less expenses) finished the year slightly behind budget
  • Revenue was under budget.  Offertory ended the year at $3.35 million, $146k less than projected and $56k less than last fiscal year.
  • Operating Expenses were $53k over budget, which includes Charity ($27k over budget).
  • Facility expenses, school subsidy, and diocesanassessments represent over $2.28 million of our
  • annual spending.
  • Even with offertory dropping slightly and expensesincreasing, there was little impact to our Balance Sheet. Cash dropped approximately $300k, due in large part to both facilities and Charity Ministry Development expenditures.

The 2019-2020 budget (for this year) reflects a slight drop in offertory.   The Finance Council is mindful of the seemingly negative trend in our financials.  While offertory has been relatively steady, costs associated with maintaining our campus and facilities and supporting our programs continue to rise.   With donations from the Forward in Faith Hope and Love Campaign and rebates from the Diocesan Support Appeal and unused Catholic schools assessment scholarship funds, we are able to continue operations without cutting programs and services. 

One area of particular focus by the Finance Council is offertory giving by households in specific age ranges.  The healthiest parishes not only have solid giving, but consistent giving across multiple age groups.  It is of great importance that we work to engage all of our members, providing a platform for each to serve. There is a great opportunity for St. Gabriel to grow, specifically in our youth and young adult programs.

St. Gabriel remains committed to tithing, a focus of our parish.  For 2018-2019, we increased our giving to $366K to various qualified charities.  Our Pope Francis Initiative (PFI) Committee identified more opportunities to make impactful contributions beyond general tithing. This year, PFI directed funds to our partner school, Cochrane Academy.  We also provided funds to help address the affordable housing crisis in Charlotte, including $75k for Habitat for Humanity house.  (Note: $25k of this is from Charity - Operating Expenses.)  Pope Francis has underscored the importance of being good stewards of the environment. As part of a much-needed Parish Center roof repair, church funds have been committed for solar panels - an environmentally conscious and financially strategic investment.  Details will be shared with the parish this fall.

Closing the 2018-2019 fiscal year, we appreciate the leadership of Fr. Frank. With his recently announced retirement, the Finance Council is thankful for his dedication and commitment. We are also thankful for the opportunity to serve the parishioners of St. Gabriel. It is your contributions of time, talent, and treasure that make this a strong and vibrant parish. 

Thank you and God bless.

The Saint Gabriel Church Finance Council

The Saint Gabriel Church Finance Council
Bryant Brewer (Chair), Mark Adamson, Chris Brown, Lee Cochran, Bob Fontana, Steve Gennett, Sr., Paul Grim, Ron Levin, Sandra Lazorcheck, Stephen Pernotto, Lynne Roux and Catherine Walsh.

View our parish Financial Statement


For where your treasure is, there also will your heart be.
Matthew 6:21




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