Fiscal year ending June 30, 2018 1
Finance Council Overview Financial Results Parishioner Statistics Archdiocesan and Other Support Accomplishments and Ongoing Challenges Closing 2
The Finance Council's purpose is to utilize the diverse talents, skills and experiences of 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. 3
Continuing: Beginning: Paul Cerone Vic King Patti Cutler Carlos Garcia Leaving: Tom Kaetzer Walter Schultz John Keenan Wayne Kemper Tommy Mazingo Tony Randazzo Kelly Rosser 4
FY2018 FY2017 FY2016 $2.74M $2.80M $2.56M 5
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. 6
Hurricane Harvey Donations $1.1M Received in FY2018 Hurricane Harvey Proceeds Spent $91K Net Surplus Hurricane Harvey $1.09M Donations at June 30 Insurance Claims Approved but $508K Not Reimbursed at June 30 7
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% 8
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 3,474 4,735 3,976 Attendance Average 9
Assessment $300,000 Received $304,224 Over $4,224 Returned $2,112 10
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 11
Retirement Fund for Religious St. Vincent de Paul Black Bag Home Missions Infirm Priests Black & Indian Mission Propagation of the Faith Catholic Communications Catholic University Retired Priests Archdiocese Social Ministry Rice Bowl Peter's Pence St. Mary's Seminary Visiting Missionary ~Archdiocesan Catholic Relief Services Assigned Holy Land/Good Friday Disaster Recovery Campaign for Human Development National Shrine/Trinity Dome Aid to Church in Latin America 2018 2017 2016 $192,443 $227,412 $208,158 2018 Hurricane Harvey Assistance to $73,175 SILCC Parishioners Total 2018 Special Collections and $265,618 Assistance 12
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 13
Increasing mass attendance and rebuilding ministries after Hurricane Harvey Higher insurance premiums and Archdiocesan assessments after Hurricane Harvey Weekly collections Debt reduction 14
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 15
Engaged Community 3% Contribution Challenge A Call to Volunteers 16
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. 17
Our Mission is to be “a people for others” 18
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