Fiscal year ending June 30, 2019 1
} Finance Council Overview } Harvey Summary } Parishioner Statistics } Financial Results } 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 Olga Omandam Austin Tenette Claire Oliver Kelly Rosser Dick Nye Carlos Garcia Geoff McRoberts Wayne Kemper Vic King Leaving: Tony Randazzo John Keenan Tom Kaetzer 4
Hurricane Harvey Claims $5.5M Insurance Proceeds -Archdiocese $4.8M Total Hurricane Harvey Donations $1.1M Funds deployed for Harvey Repairs $0.7M Funds remaining $0.4M 5
2019 2018 2017 Registered 4,374 4,134 4,026 Households Recordable Donors 1,381 1,417 1,499 Faith Direct Donors 586 543 531 Weekly Mass 4,184 3,474 4,735 Attendance Average 6
FY2019 FY2018 FY2017 $2.87M $2.74M $2.80M 7
FY2019* FY2018* FY2017 Revenue $4.00M $3.37M $4.09M Expenses $3.98M $3.28M $3.39M Net Surplus $60K $85K $698K * Excludes Hurricane Harvey donations. 8
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 (Corpus Christi) Visiting Missionary ~Archdiocesan Assigned Catholic Relief Services Disaster Recovery Holy Land/Good Friday National Shrine/Trinity Dome Campaign for Human Development Notre Dame Fire Aid to Church in Latin America 2019 2018 2017 Corpus Christi Collections $35,318 $33,740 bp $37,589 Archdiocesan Special Collections $181,099 $139,971 $177,544 Guatamela Mission/Little School $71,864 $44,440 $49,869 Donations Total $ 288,281 $220,000 $261,153 9
CY 2019 Sept 2019 $300,000 Assessment $300,000 Pledged $237,221 696 Participants 516 Pledge Surplus/(Deficit) ($62,778) $318,197 Paid $212,996 $18,197 Paid Surplus/(Deficit) ($87,003) 10
June 30, 2018 Loan Balance $5,102,949 FY2019 Principal Payments ($630,977) FY2019 Interest Expense $147,601 June 30, 2019 Loan Balance $4,471,971 Interest Rate 3.05% 11
} Recouped Harvey related expenses from the archdiocese } Completed repairs of the SILCC campus after Hurricane Harvey } Paid down the principal on the Gonzaga Center loan by $630,977 } Converting the Gonzaga Center loan to a fixed amortized loan from a floating construction loan 12
} Increasing mass attendance and rebuilding ministries after Hurricane Harvey } New/Higher insurance premiums and Archdiocesan assessments after Hurricane Harvey } Weekly collections (stewardship of treasure) } Debt reduction 13
} Meeting our DSF Assessment for 2019 } Continued support of our Guatemalan Mission and other outreach ministries } Build and maintain a vibrant Youth Ministries department following Archdiocesan policies and procedures 14
} Engaged Community } A Call to Ministry } 5% Contribution Challenge 15
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. 16
St. Ignatius of Loyola Catholic Community WELCOMES all to prayerfully CELEBRATE the mysteries of the liturgy, build FAMILY through fellowship, and SERVE Christ as a people for others. 17
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