Fiscal year ending June 30, 2017 1 Finance Council Overview - PowerPoint PPT Presentation

Fiscal year ending June 30, 2017 1

 Finance Council Overview  Financial Results  Parishioner Statistics  Archdiocesan 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

Beginning: Continuing: Carlos Garcia Patti Cutler Wayne Kemper Tom Kaetzer Tommy Manzingo John Keenan Paul Cerone Tony Randazzo Kelly Rosser Walter Schultz Leaving: Julio Cisneros Chris Kuna Olga Omandam 4

2017 2016 $2.80m $ 2.56m 5

2017 2016 Revenues $4.09m $ 3.54m Expenses $3.39m $ 3.51m Surplus $698k $ 31k 6

Gonzaga Center Cost ** $10,800,000 Pledged 6,279,469 Remaining Needed ** 4,520,531 Pledge Redemption 4,622,740 Expenditures 11,382,545 Cash Position (Shortfall) ($6,759,804) 7

2017 – 4,026 2016 – 3,616 2015 – 4,010 2014 – 4,041 2013 – 4,022 8

2017 2016 Change Registered Families 4,026 3,616 Recordable Donors 1,622 Faith Direct Donors 531 449 Estimated Mass 3,976 Attendance 9

Assessment: $300,000 Received: $326,769 Over : $ 26,769 Returned: $ 13,384 10

Assessment $300,000 Pledged to Date (09-10-17): $261,593 Participants 700 (Under) Pledged: ($38,406) Paid to Date (09-10-17): $232,717 (Under) Paid: ($67,283) 11

Retirement Fund for Religious Aid to Church in Latin America St. Vincent de Paul Black Bag Infirm Priests Home Missions Propagation of the Faith Black & Indian Mission Catholic University Catholic Communications Archdiocese Social Ministry Rice Bowl Peter's Pence St. Mary's Seminary Visiting Missionary Catholic Relief Services ~Archdiocesan Assigned Holy Land/Good Friday Disaster Recovery (North Texas Campaign for Human Tornado) Development Guatemala Mission Donations 2016 2016 2017 2017 $208,158 8,158 $227,412 7,412 12

▪ Paying down the principal on the Gonzaga Center loan by $600,000. ▪ Renegotiating the Gonzaga Center loan with a slightly higher interest rate, allowing us to continue paying principal as we have available funds. ▪ Saving $400,000 in a maintenance deferment account for plant repairs. ▪ Successfully hosting thousands of people who came through the doors of mercy (concluded in November 2016) 13

 Recovering from Hurricane Harvey  Weekly collections  Debt reduction 14

 Meeting our DSF Assessment for 2017  Continued support of our Guatemalan Mission and other outreach ministries  Continue building and increasing participation at the Spanish Mass  Build and maintain a vibrant Youth Ministries department following Archdiocesan policies and procedures 15

▪ Engaged Community ▪ “2% Contribution Challenge” ▪ Timely Pledge Redemptions ▪ 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