Fiscal year ending June 30, 2018 1 Finance Council Overview - - PowerPoint PPT Presentation

Fiscal year ending June 30, 2018

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 Finance Council Overview  Financial Results  Parishioner Statistics  Archdiocesan and Other Support  Accomplishments and Ongoing Challenges  Closing

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The Finance Council's purpose is to utilize the diverse talents, skills and experiences

• f its members to provide sound financial

guidance to the Pastor - in areas such as budget planning, investment, accounting, and project financing - to ensure the financial resources of the parish are used to best serve the needs of the St. Ignatius Loyola Catholic community.

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Continuing: Paul Cerone Patti Cutler Carlos Garcia Tom Kaetzer John Keenan Wayne Kemper Tommy Mazingo Tony Randazzo Kelly Rosser Beginning: Vic King Leaving: Walter Schultz

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FY2018 FY2017 FY2016 $2.74M $2.80M $2.56M

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FY2018 * FY2017 FY2016 Revenue $3.37M $4.09M $3.54K Expenses $3.28M $3.39M $3.51K Net Surplus $85K $698K $31K

* Excludes Hurricane Harvey donations, which are presented on the next slide.

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Hurricane Harvey Donations Received in FY2018 $1.1M Hurricane Harvey Proceeds Spent $91K Net Surplus Hurricane Harvey Donations at June 30 $1.09M Insurance Claims Approved but Not Reimbursed at June 30 $508K

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June 30, 2017 Loan Balance $5,413,294 June 2018 Principal Payment ($300,000) Miscellaneous Payments ($10,345) June 30, 2019 Loan Balance $5,102,949 Interest Rate 3.35%

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2018 2017 2016 Registered Families 4,134 4,026 3,616 Recordable Donors 1,417 1,499 1,622 Faith Direct Donors 543 531 449 Weekly Mass Attendance Average 3,474 4,735 3,976

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Assessment $300,000 Received $304,224 Over $4,224 Returned $2,112

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Assessment $300,000 Pledged to Date (9-3-2018) $273,946 Participants 590 (Under) Pledged $26,054 Paid to Date (9-7-2018) $247,620 (Under) Paid $26,326

* As of September 3, 2018

Retirement Fund for Religious Infirm Priests Propagation of the Faith Catholic University Archdiocese Social Ministry Peter's Pence Catholic Relief Services Holy Land/Good Friday Campaign for Human Development Aid to Church in Latin America

• St. Vincent de Paul Black Bag

Home Missions Black & Indian Mission Catholic Communications Retired Priests Rice Bowl

• St. Mary's Seminary

Visiting Missionary ~Archdiocesan Assigned Disaster Recovery National Shrine/Trinity Dome

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2018 2017 2016 $192,443 $227,412 $208,158 $73,175

2018 Hurricane Harvey Assistance to SILCC Parishioners

$265,618

Total 2018 Special Collections and Assistance

 Rebuilding

the SILCC campus after Hurricane Harvey

 Paying down the principal on the Gonzaga

Center loan by $310,000

 Maintaining the Gonzaga Center loan with

a slightly higher interest rate, allowing us to pay principal when we have available funds

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 Increasing mass attendance and rebuilding

ministries after Hurricane Harvey

 Higher insurance premiums and

Archdiocesan assessments after Hurricane Harvey

 Weekly collections  Debt reduction

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 Meeting our DSF Assessment for 2018  Continued support of our Guatemalan

Mission and other outreach ministries

 Continue building and increasing

participation at the weekly mass in Spanish

 Build and maintain a vibrant Youth

Ministries department following Archdiocesan policies and procedures

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 Engaged Community  3% Contribution Challenge  A Call to Volunteers

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Eternal Word, only begotten Son of God, Teach me true generosity. Teach me to serve you as you deserve. To give without counting the cost, To fight heedless of wounds, To labor without seeking rest, To sacrifice myself without thought of any reward Save the knowledge that I have done your will. Amen.

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Our Mission is to be “a people for others”

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