Worship Sundays @ 10 a.m. · Details

  3233 Pacific View Drive, Corona del Mar, CA 92625  ·   (949) 644-0463  ·  

St. Michael and All Angels CDM
  • Welcome
    • Who We Are
    • Clergy & Staff
    • Our Vestry
    • Our Campus
    • Our History
    • Latest Posts
  • Worship
    • Worship Times
    • Serving in Worship
    • Sermons
    • Music
  • Families
    • Godly Play Ages 4-10
    • Formation Ages 11-14
    • Adult Christian Education
  • Community
    • Fellowship
    • Friends for Saint Michael's
    • 12 Step Meetings
    • Compass Rose Society
    • The Diocese of Los Angeles
    • The Episcopal Church
  • Give
    • Give Online
    • Stewardship
  • Contact
    • Contact Us

Finance Update

I want to keep everyone up to date on the the current status of St. Michael's relative to our 2020 budget. Our parish financial circumstances have proven to remain solid during this time of disruption due to COVID-19.

While income has been lower due to reduced donations from Parish Center use, that has been offset by several factors.

  • First, expenses have also dropped, because we are not worshiping on site or using the office facilities at the level projected in the 2020 budget.
  • Second, we have received a Payroll Protection Program (PPP) loan for $42,000 -- this serves to more than offset losses from donations (which have exceeded gains from lower expenses).
  • Lastly, in September Harbor Day School will begin to use the Parish facilities, leading to additional donations which were not accounted for in our 2020 budget.

While circumstances remain extremely uncertain in the medium term, for now we are fortunate to remain financially stable. Thanks to all for keeping your pledges current (in fact ahead of budget) so far this year; the commitment of our congregation to keep St. Michael’s on firm financial footing is greatly appreciated.

(This link connects to an article in the Living Church magazine which describes the distribution of PPP loans in The Episcopal Church.)


~ Jan Faller


© 2021 St. Michael and All Angels CDM
3233 Pacific View Drive · Corona del Mar, CA 92625
(949) 644-0463
Privacy Policy · Powered by Membership Vision

  View Entire Post

Service Times

Sundays

  • 9 AM: Sundays @ Nine Adult Christian Ecuation
  • 10 AM: Holy Eucharist on Zoom
  • 10 AM: Godly Play/Sunday School for Children & Youth

First Wednesday of each Month

  • 2 pm: Mid-day Prayer on Zoom

All are Welcome at St. Mike's!



Location

St. Michael and All Angels CDM
3233 Pacific View Drive
Corona del Mar, CA 92625

Contact Us
(949) 644-0463

Newsletter Signup