Financial Facts and Figures
- Finance Council Members
- Finance Council Meetings
· Includes Finance Council, Father Gregory (Pastor), Frank Squillace (Administrator), Kate Sinclair, CPA (Parish Accountant).
· Meetings held in October, January, March and July.
· Agenda Items include financial analysis, asset management, income and expense budget, Diocesan mandates, capital improvements, debt reduction, Parishioner gifts, Wills and planned giving.
- Facts and Figures
· The Parish's fiscal year is tied into the Diocese and runs from July 1st - June 30th.
· 9½% of the Parish's offetory and rental income is sent to the Diocese each month. This "tax" is called the Diocesan Cathedraticum.
· The Diocese mandates an $8,000 assessment from each of the Charlottesville Parishes for the Charlottesville Catholic School (CCS). Currently, nearly 100 Incarnation youth attend CCS.
· The Parish pays $12.50 for every registered household to receive the bi-weekly, Catholic Virginian.
- How the Parish Assists You
· Your Parish offers Electronic Funds Transfer (EFT)(sometimes called Bank Withdrawal) and on-line Visa/Master Card donations to allow a simple, consistent way of giving.
· Your Parish offers Youth Envelopes to teach our children about the importance of being good stewards of our resources.
· Your Parish places the annual "Statement of Financial Conditions" in the bulletin and on this web site every August.
· Your Parish sends out an annual eighth month reminder regarding the previous years's financial stewardship commitment to Incarnation.
· Your Parish's envelopes are concise and consist of 4 main envelopes (General Offertory, Outreach to those less fortunate, Haiti Ministry and Capital Improvements) in addition to the Holy Day and special second collection envelopes.
· Your Parish is always available to help should you or your family need financial assistance. Please contact Lauryn Armstrong in the Parish Office.
- How You Can Assist the Parish
· Remain consistent in your offetory giving. If you are away, miss Mass a week or forget about your envelope, please attempt to make up this loss of income to the Parish the following week.
· Use Electonic Funds Transfer (EFT) or on-line Credit Card donations. You are able to designate the amount and timeliness of the withdrawal (once or twice per month for EFT or once per month for credit cards).
· Give us your ideas. If you have ideas, suggestions or creative ways to manage our Parish resources, let us know!
· Ask questions. If you ever have a question regarding Parish finances, do not hesitate to contact Bill Ashe, Chair of the Finance Council at 544-2413, or Frank Squillace, Administrator at 973-4381.
- Additional Facts and Figures
· Every attempt is made to use vendors, contractors, suppliers, etc. who are registered parishioners.
· Staff salaries are based on the combination of the local wage and benefits, Diocesan guidelines and parish budget planning.
· Affiliation with other business is based on factors of quality, service and discounts to the Parish or our parishioners (Cici's, ACAC, as esamples)
| Bill Ashe, Chair | University of Virginia Finance Officer |
| Charlie Cona | Vice President, Citibank, N.A. |
| Dawn Cottrell | Former Vice President of Finance -- Plow and Hearth |
| Matthew Hardt | CFO GE FANUC Intelligent Platforms |
| Anthony Scaperlanda | Professor of Economics, Emeritus - Northern Illinois University |
| Benjamin Spencer | Law Professor, Washington & Lee University |
| Simone Tarver | CRM Support System Administrator -- General Electric |