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St. Germaine Parish Subsidy
The parish community
plays a vital role toward the success of our school. Below are some
interesting facts about how the Parish Subsidies the School.
As you probably already know, the
tuition paid
by school parents for each child does not completely cover the cost
of that child’s education.
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The more
students enrolled from a family, the larger the subsidy from the
parish.
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As a
school, we depend on the generosity of our parish community to
provide the additional funds to cover the costs of our school
program. The members of the parish have always been willing to
subsidize the education of our young people, knowing that they
are helping to form these children in the Catholic faith.
The
funds that are available for the parish subsidy to the school come
directly from the weekly “offertory collection” at St. Germaine
Church.
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No money
is available from the Archdiocese of Chicago.
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Currently,
the parish subsidy provides approximately 22% of the revenue
needed to run the school. (By extension, the tuition collected
provides about 78% of the operating costs.)
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The parish
subsidy contribution is about 26.8% of the total amount donated
to the parish through the collection.
In
planning the projected budget scenarios for the next school year, we
submitted proposals that asked the parish for a subsidy of about
$250,000.
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A subsidy
of this amount equates to approximately $825 per student.
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The larger
the number of students from a family, the greater the parish
contribution since the tuition scale offers significant
“discounts” for families with two or more students.
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Father
Malloy has indicated that a subsidy in this range is possible.
However, knowing as we all do, that budgets seldom remain within
their set limits, we need to be conservative in our request.
For example, if the heating system required major repairs, the
subsidy amount could rise significantly. The parish is only
able to offer a subsidy from the funds it has available.
Each
year, when the budget projections are made, we establish two tuition
“tiers”—one for active parishioners and one for inactive
parishioners.
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Our
assumption is that those families who attend Mass each weekend
and support the parish through the offertory collection are
“active” parishioners. Those families who have not supported
the parish through their offertory contributions will be
described as “inactive.” The
tuition schedule for inactive members requires tuition
payments close to the actual cost per student.
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