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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