ANNUAL PARISH FINANCIAL OVERVIEW – 2025
Dear OLA Parishioners,
At our Masses over the weekend – October 25-26, 2025, members of the finance council provided you an overview of our financial performance for the past fiscal year, ending in June 2025.
I would like to thank you, our parishioners, for your continuing support, providing the majority of our financial support. You gave over $1 million in offertory collections, gifts, and donations. This pays for our ongoing parish salaries and operating costs, our social events, and our many parish ministries and local charities such as the St. Vincent de Paulfood locker, our youth ministry, the Carmichael Homeless Assistance Resource Team, Catholics in Recovery, and the Sacramento Life Center.
Our operating profit or surplus was $47K and this was applied to our Affinito Hall debt to the diocese. We also received $100K of pledge donations from our previous capital campaign which were applied to our loan. Our loan balance at the end of June was $2.8M which is only slightly less than what we owed last year due to the interest we incur.
We hope to be launching another capital campaign to accelerate payment of the debt and provide other enhancements to our school and parish. More information about that campaign will be communicated as we get closer to its launch. I realize your dollar doesn’t stretch as far as it once did and we are humbled by your continued generosity. So, again “thank you.” Also, my thanks and appreciation for the finance council and the staff and volunteers at OLA for your generous and gracious support. Thank you.
Father Eduino Silveira
To read it, please click the button below.
The Parish Finance Council is a consultative body of lay persons appointed to advise the Pastor in matters pertaining to the financial affairs of the parish.
The Code of Canon Law in Canon 537 provides that… “Each parish is required to have a Finance Council which is regulated by universal law as well as by norms issued by the Diocesan Bishop; in this council the Christian faithful, selected according to the same norms, aid the Pastor in the administration of the parish goods.”
The Finance Council meets at least quarterly. It assists with budgeting and financial reports to the diocese and makes an annual financial report to the parish community.
We invite you to review our bylaws which may be found by clicking here.
Our Lady of the Assumption Parish Finance Council:
Chair: Joe Selewicz
Meet your OLA Parish Finance Council!
Joe Selewicz, Chair
“As a member of the Finance Council, I serve our parish by; providing support and guidance to Fr. Eduino and other parish leaders for utilizing our resources to best serve the parish community.”
Carmy Baca, Secretary
“As a member of the Finance Council, I serve the parish by using my financial background to support and serve Father Eduino and our Parishioners. We oversee all spending for our parish. We strive to be good
stewards of our income and expenses in order to make the best decisions for OLA Parish and School.”
Fernando Vellanoweth
“As a member of the Finance Council, I serve our parish by giving back to the OLA community and supporting Father Eduino with financial decisions to maintain or grow both the parish and the school.”
Wesley Carson
“As a member of the Finance Council, I serve our parish by using my financial background to service the needs of the church.”
Noel Bati
"As a proud member of the Finance Council, the ultimate goal is to serve our parish and our community. With a background in Personal Finance, I feel called to create a community that fosters selfless service to one another. Through the Finance Council it's an opportunity to help guide our parish and school in financial decisions regarding programs and resources that aim at evangelization."
Peter Tateishi
“As a member of the Finance Council, I server our parish by supporting Fr. Eduino and the parish school in managing their resources. The success of our parish is contingent on having the resources necessary to support the services that bring our parish mission to life.”
