A Brief Explanation of Parish Finance
What happens to the money that is put into the offertory baskets every Sunday?
The money that is put into the offertory baskets is used for the everyday running of the Parish. This includes wages, heating, lighting, and maintenance of the three churches, the insurance of all parish property, the diocesan levy, the primary schools telephone, equipment, bank charges, church requisites and stationary needs.
What is the Diocesan Levy?
One substantial expense, which the Parish annually incurs, is the Diocesan Levy. This is a contribution that every parish must make towards the administration of the diocese. In our diocese there are expenses such as: Education, Youth Ministry, Accord, Diocesan Mission, Cura, and the education of students for the diocesan priesthood. The current Diocesan Levy for Balyna Parish is €8,628.00 per annum. This payment is made to the Diocesan Office in twelve instalments, one every month.
What happens to the money people put into the weekly envelopes?
There are two kinds of envelopes in the box of envelopes?
1. The white envelopes marked ‘Weekly Offering’: The money donated to the ‘Weekly Offering’ collection is used to finance the day-to-day running of the parish.
2. The coloured envelopes: The money donated to the coloured envelopes is for the Priest’s Collections, Retired Priests, List of the Dead, the Propagation of the Faith and Peter’s Pence.
Please explain how the priest benefits from the Envelope Collections?
There are seven special envelopes for the support of the priest: The June Collection, The Autumn Dues, The Easter Stations, The Easter Sunday Collection, The List of the Dead, The Christmas Stations, The Christmas Day Collection. It is only from these seven envelope collections that the priest benefits.
How can you help your Parish?
We depend on the voluntary contributions of parishioners for the running and development of our parish.You may contribute to the running and development of the parish in the following ways:
You may contribute to your parish by donating to the plate collection. This collection is taken up at all weekend masses. All money from this collection goes towards the day-to-day running of the parish.
You may contribute to your parish by taking a box of envelopes. These are distrubuted to all homes in the parish at the beginning of every year. As well as the standard weekly white envelopes, the box of envelopes also contains a number of yellow and mauve envelopes which are for special collections. The box of envelopes also contains some blue envelopes which allow you to contribute quarterly, half yearly or annually. Envelopes can be returned at weekend masses in the boxes which are provided at the back of the churches. Alternatively, you may return your envelopes to the Parish Office. If, for whatever reason, you have not received a box of envelopes, you may obtain one from the Parish Office.
You may contribute to your parish by arranging to have a Standing Order with your bank. If you choose to do so, you have the option of making a monthly, three monthly or yearly contribution. An application for a Standing Order may be made at your bank. If you decide to set up a Standing Order, please click below to download the Standing Order Form. The Parish Account is at Ulster Bank, Edenderry, Co Offaly. The Account Number is: 10197240, sort code: 98 56 40.
Assuming you have contributed €250.00 or more to the parish within the tax year, the parish can receive a tax-refund from the Revenue Commissioners, by completing the appropriate form, which is available at the Parish Office.
Repayment of income tax under SN848A TCA 1997 for the tax year 2014 will be approximately €8,000.