Fiscal year ending June 30, 2019 1 } Finance Council Overview } - - PowerPoint PPT Presentation

Fiscal year ending June 30, 2019

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} Finance Council Overview } Harvey Summary } Parishioner Statistics } Financial Results } 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 Austin Tenette Kelly Rosser Carlos Garcia Wayne Kemper Vic King Beginning: Olga Omandam Claire Oliver Dick Nye Geoff McRoberts Leaving: Tony Randazzo John Keenan Tom Kaetzer

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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

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2019 2018 2017 Registered Households 4,374 4,134 4,026 Recordable Donors 1,381 1,417 1,499 Faith Direct Donors 586 543 531 Weekly Mass Attendance Average 4,184 3,474 4,735

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FY2019 FY2018 FY2017 $2.87M $2.74M $2.80M

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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.

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 (Corpus Christi)

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

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2019 2018 2017 Corpus Christi Collections $35,318 $37,589 $33,740 Archdiocesan Special Collections $181,099 $139,971 $177,544 Guatamela Mission/Little School Donations $71,864 $44,440 $49,869 Total $ 288,281 $220,000 $261,153

CY 2019 Sept 2019 Assessment $300,000 $300,000 Pledged $237,221 Participants 696 516 Pledge Surplus/(Deficit) ($62,778) Paid $318,197 $212,996 Paid Surplus/(Deficit) $18,197 ($87,003)

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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%

} 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

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} 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

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} 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

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} Engaged Community } A Call to Ministry } 5% Contribution Challenge

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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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• 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.

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