Newspaper Page Text
Diocese of Savannah
Annual Accountability Report, 1998-99
Page 4
Diocesan Pastoral Center, July 1, 1997-June 30,1998
Expenses Revenues
$2,992,142 $3,450,643
PamAMtaiftt Subsidies snd
COSjKWj&SiiS
w%
PasSofK Support and Swmc«S
44%
Other
Catholic Cemetery 3%
2%
Investment Interest and
Dividends
13%
Special Collections
8%
Parish Assessments
20%
Mission Boards &
Commissions
10%
Social
m
Sansswws 4%
Diocesan AdminsseaScsi
-m
Diocesan Development
/^jpeai
41%
Diocesan Pastoral Center, July 1, 1998-June 30,1999
Expenses Revenues
$3,291,467 $3,268,350
ParisIVMission Subsidies
and Contributions
7%
Pastoral Support and
Services
13%
Cemetery 3%
Fundtaiisirig
Permartem Dtaeonate
tCCB Assessrmnte 2%
CerrmsscaEkm
8%
Repet & VSeg
m
Sts^e^tswai 2%
Other
Catholic Cemetery 4%
1%
Investment Interest and
Dividends
16%
Parish Assessments
24%
Special Collections
7%
Diocesan Administration
28%
Mission Boards &
Commissions
Diocesan Devetepmeni
Appeal
A letter from the chief financial officer
Dear Friends,
Once again as part of our stewardship of the gen
erous contributions made to the Diocese of
Savannah, we present our annual report on the
financial operation of the Catholic Pastoral Center.
You will notice from the pie charts that expenses
increased slightly during fiscal year 1999 as com
pared with the previous year in a few areas. The
General Fund activities for the fiscal year 1999 saw
a net loss of $23,117, which we were able to absorb
thanks to the previous year’s overage of $458,501.
We are happy that the number of seminarians
preparing for the priesthood boosted that expense
from $118,000 in the previous year to $178,000 in
fiscal year 1999. Also, in 1999 we began our expen
ditures for the celebration of the Jubilee and our
diocesan sesquicentennial, a new budget item of
$58,000. Diocesan support for education in our
Catholic schools, our religious education programs,
and adult education, raised those expenditures from
$297,000 to $310,000. Finally, the amount spent on
building repair and maintenance increased from
$125,000 to $204,000.
You will note decreases in the amount of subsidy
to our mission parishes, from $410,000 to
$227,000: this reflects a decrease in the amount of
building construction. And the amount spent on
communications dropped from $274,000 to
$249,000 despite our increasing use of computer
technologies to connect parish families.
On the revenue side, you will note the large per
centage of our diocesan monies that come from
investment interest and dividends. Much of this rep
resents the ongoing stewardship of generous Catho
lics long since dead, whose bequests continue to
support the Church today. Together with income
from various mission boards and commissions,
these funds account for about a fourth of our rev
enue. We can be grateful, however, that despite our
status as a mission diocese we are able to provide
seventy-five per cent of our own finances ourselves.
The financial information you see on this page is
based on the annual audit of our finances completed
by the firm of Moore Stephens Tiller LLC, Certified
Public Accountants.
Anyone wishing to see a copy of the audit or any
one having questions may contact me in the Finance
Office at the Catholic Pastoral Center at (912) 238-
2320 or by e-mail at deaconjb@aol.com.
Thank you for your continued support. As you
can see, your contributions help in many significant
ways.
Sincerely yours,
Deacon Jack Benware
Chief Financial Officer