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Church Finance 

 

Latest Financial Updates: 

Parochial Report Revisions due July 2nd (June 22, 2021)

A number of churches are asking to revise their 2020 Parochial Reports to correct financial page information. The Parochial Report portal is closed for on-line changes, both to churches and the Diocese of Maine's Parochial Report administrator. However, the Diocese Office will accept revised Parochial Reports sent to Canon Terry Reimer as an Adobe pdf attachment through Friday, July 2. Canon Reimer will accumulate the revised 2020 Parochial Reports and submit them to the Episcopal Church Research Office. 

Please use the blank pdf 2020 Parochial Report form found here. If you have any questions, please contact Canon Reimer.

 
Finance Update - PPP (April 20, 2021)
 
The Diocese of Maine on behalf of the churches and church-related organizations of the Diocese applied for and received a Paycheck Protection Program ("PPP") Second Draw loan of $1,271,192. 
 
Some churches and the Bishop and diocesan staff chose to not take their allocation or to take a reduced amount. Some of these were last minute affecting the amounts that were actually distributed on April 16, 2021. Click here to see the updated amounts in this table.
 
Funds should be in church and Diocese-related entity checking accounts on Monday, April 19, 2021. Funds are to be used for payroll costs for the April 22, 2021 through October 7, 2021 pays. Application for SBA forgiveness will be submitted after this "covered period". It is anticipated that, as was true for PPP First Draw, the loan will be forgiven.  If you have questions or concerns, please contact Canon Terry Reimer.
 
 
PPP First Draw Update - Great News!
 
The diocesan office was notified on March 2, 2021 by the SBA that last year's PPP loan has been forgiven!
 
If you have any questions, please reach out to Canon Terry Reimer.
 
 

 

 

143 State Street (mail to PO Box 4036) | Portland, ME 04101-4036 | Phone: (207) 772-1953 |