Our annual budget, approved by the parish finance council, anticipated a shortfall on the parish side of $17K per month which would be offset by about $20K of net income from our rental properties per month,  An additional pressure on our revenue in combination with uncertainty around rent collections, necessitated additional actions to balance our revenue and expenses. 

As of May 1st, we have implemented staffing actions involving position eliminations announced last week and voluntary or mandated salary or hour reductions for virtually all staff, including Fr. Mario and myself. These reductions in combination with other cost reductions will result in over $20K per month in savings, dropping to about $15K once we resume something close to normal operations.  We continue to evaluate additional savings opportunities as long as the impacts to our ministries and service levels are low to none. 

While we are cutting back in some ways, we are accelerating activity in other areas.  We are bringing forward some of the early restoration work in the Basilica and starting the seismic retrofit early, taking advantage of the lifting of certain restrictions. We are using restricted funds for these projects, which can only be used for the purpose for which they were raised. We always honor donor restrictions to the best of our ability and know that donations made for a specific purpose, once accepted, or pass-through donations to St. Vincent de Paul or any of the diocesean collections always go directly to that purpose. 

Thanks again for your support, 

Stanton Schonberg