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

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May 30, 2023 105 likes •293 views

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

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Fiscal year ending June 30, 2017

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 Finance Council Overview  Financial Results  Parishioner Statistics  Archdiocesan 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: Patti Cutler Tom Kaetzer John Keenan Tony Randazzo Walter Schultz Leaving: Julio Cisneros Chris Kuna Olga Omandam Beginning: Carlos Garcia Wayne Kemper Tommy Manzingo Paul Cerone Kelly Rosser

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2017 2016 $2.80m $ 2.56m

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

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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)

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

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2017 2016 Change

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

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

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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)

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2017 2017 $227,412 7,412 2016 2016 $208,158 8,158

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 Rice Bowl

St. Mary's Seminary

Visiting Missionary ~Archdiocesan Assigned Disaster Recovery (North Texas Tornado) Guatemala Mission Donations

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▪ 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)

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 Recovering from Hurricane Harvey  Weekly collections  Debt reduction

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 Meeting our DSF Assessment for 2017  Continued

support

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

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