401 WEST 4TH STREET, MADERA, CALIFORNIA 93637
June 15, 2020
COVID-19 Issues and Finance
COVID-19 Issues and Finance
Dear Parishioners,
We have journeyed together during a challenging time for our church and world, that has continued through three months, none of which was expected by any of us. Through prayer and a strong devotion, we have forged our way strongly through this global pandemic. Thanks to the efforts and hard work of the Diocese of Fresno, under the direction of Bishop Joseph Brennan, we were able to obtain funds through the Trump Administration's CARES Act (The Coronavirus Aid, Relief, and Economic Security Act). Without this relief, we, as a parish and diocese would have had profoundly serious issues to contend with, including furlough and complete shutdown. During the past months only essential employees were allowed to come to work to assist in the upkeep of billings, finances, office objectives, and maintenance of our parish facilities. I would like to offer my heartfelt gratitude to those essential employees that have kept the paperwork moving and have brought our facilities to new and improved standards of cleanliness. We have been informed that the CARES Act will only remain in effect until June 30, 2020 and because of that, we have been asked to look at the reorganization of all our facilities.
I am including a copy of the information from the June 12 meeting of the parish finance committee. This includes valuable information such as our profit and loss statement from January 1 to May 31. If the CARES Act installments would not have been given to us, we would have been around $210,000 dollars in the red (negative, loss). I would also like to thank our outstanding parish vendors and our Catholic vendors for cutting back during these times of financial trial. I would also like to extend my gratitude to all of our registered parishioners that contributed to the financial stability of our parish by continuing their Sunday donations via-mail and through the rectory-mail-drop. Thank you for your generosity,
January to May profit and loss and financial committee statement:
We have journeyed together during a challenging time for our church and world, that has continued through three months, none of which was expected by any of us. Through prayer and a strong devotion, we have forged our way strongly through this global pandemic. Thanks to the efforts and hard work of the Diocese of Fresno, under the direction of Bishop Joseph Brennan, we were able to obtain funds through the Trump Administration's CARES Act (The Coronavirus Aid, Relief, and Economic Security Act). Without this relief, we, as a parish and diocese would have had profoundly serious issues to contend with, including furlough and complete shutdown. During the past months only essential employees were allowed to come to work to assist in the upkeep of billings, finances, office objectives, and maintenance of our parish facilities. I would like to offer my heartfelt gratitude to those essential employees that have kept the paperwork moving and have brought our facilities to new and improved standards of cleanliness. We have been informed that the CARES Act will only remain in effect until June 30, 2020 and because of that, we have been asked to look at the reorganization of all our facilities.
I am including a copy of the information from the June 12 meeting of the parish finance committee. This includes valuable information such as our profit and loss statement from January 1 to May 31. If the CARES Act installments would not have been given to us, we would have been around $210,000 dollars in the red (negative, loss). I would also like to thank our outstanding parish vendors and our Catholic vendors for cutting back during these times of financial trial. I would also like to extend my gratitude to all of our registered parishioners that contributed to the financial stability of our parish by continuing their Sunday donations via-mail and through the rectory-mail-drop. Thank you for your generosity,
January to May profit and loss and financial committee statement:
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I am making this information available to all our parishioners so that the our Financial situation and needs are brought to your attention. In the past three months, we have only collected about half of our regular donations during the months of the pandemic. Thank you for attention to these important parish matters.
-Rick Farinelli
Parish Business Administrator, St. Joachim Parish
-Rick Farinelli
Parish Business Administrator, St. Joachim Parish
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Parish Business AdministratorMr. Richard Farinelli
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