Recently Hampshire’s St. Borromeo’s Capital Campaign was posted on this blog. That building program has been suspended and pledges appear to be accumulating at a very slow pace bringing into question if many of the pledges will actually be fulfilled.
Based upon some similarities in the projects (very large projects for parishes with limited resources) a crude analysis of St. James campaign numbers appears warranted. Here are the findings:
A VERY CONSERVATIVE CALCULATION OF THE NUMBERS APPEARS TO INDICATE THAT ST. JAMES WILL ALSO FALL SHORT ON ITS PLEDGES
Of the $2,756,416. PLEDGED $1,401,936.58 has been paid leaving $1,354,480 yet to be paid. The last four weeks collections totaled $33,868.58 (that is $10,247.99+5,923.16+10,692.14+7,005.29). Pledges should be all paid by June 2014. There are 13—4 week periods in a year. Therefore there are approximately 20—4 week periods until end of June 2014 (In fact, an earlier ending date may exist for most pledges).
Now 20 times the $33,868 is $677,271.60, well below the $1,354.480. Some pledges may have yearly or semi-annual payments so perhaps these numbers will improve after Christmas and the New Year. Come February a review of the numbers should clear that issue up.
There also is another issue. The $2,756,416 Pledged includes some pledges for Phase II of the campaign. Those pledges are anticipated to be paid from 2014-17. However that illustrates how far away the parish is from the $5 million plus total goal.
Perhaps what all these numbers illustrate best is why a full disclosure of the St. James Building Campaign is required as the first step to build a new church.
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