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Evansville, Indiana
January 8, 1993     The Message
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January 8, 1993
 

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8; 1993 0000nLnual audited report (continued) I ii I THE ADMINISTRATIVE OFFICES OF THE CATHOLIC DIOCESE OF EVANSVILLE Combined Balance Sheet at August 31, 1992 ASSETS Cash .................................. Marketable equity Securities ....................... Investments ...................... Investments _ restricted. Receivables: Loans. parishes and restitutions ................. Services Annual . Diocesan Appeal (assessment) Other Diocesan entities .. .ccrued interest ............. Uther ............................... . Total receivables, net ... Prepaid expenses .............. ot.al Assets ......................... lABILITIEs AND FUND BALANCEs ACCounts Payable .............. Other expenses, princi- Pally insurance claims Aand Pension costs ............ CCrued interest ............... Depo,.;it held for parishes and Other diocesan entities ........................... Deferred revenues and SUpport: Unrestricted: e I Annual Diocesan App a Restricted ....................... Other liabilities ............... Fund balance Unrestricted: Undesignated ................. besignated ........ ..... '[[Z Restricted ................ 598,656 1,000,719 7,874,843 60,211 4,074,300 72,557 886,717 43,327 186,366 105,194 5,368,461 14,328 14,917,218 118,555 659,370 38,758 8,170,634 2,183,000 627,436 2,810,436 108,396 11,906,149 591,113 2,142,383 277,573 3,011,069 a! Liabilities & Fund alance ........................... 141917r218. PARISH INCOME Other Ordinary Extraordinary De.hated Income Income Clecons PARISH EXPENSE Ordinary Education Extraordinary Church Expenses Expenses Expenses ",=,,._ CONSOLIDATED STATEMENT OF THE PARISHES OF THE CATHOLIC DIOCESE OF EVANSVILLE Balance Sheet --August 31, 1992 ASSETS Cash on hand and in bank ... 2,455,184 Investments ....................... 813,795 Deposits with Diocese ....... 5,521,250 Restricted funds ................ 974,150 TOTAL ASSETS ..................... 9,764,379 LIABILITIES Loans from Diocese ........... 3,108,803 Accounts Payable ............... 533,825 NET WORTH ......................... 6,121,751 TOTAL LIABILITIES & NET WORTH ................. 9,764,379 Statement of Income and Expenses INCOME Sunday Collections ............ 15,461,276 Other Ordinary Income ..... Extraordinary Income ....... Designated Collections ....... TOTAL INCOME ..................... EXPENSES Ordinary Church Expenses Education Expenses ........... Extraordinary Expenses ... Designated Collections ....... TOTAL EXPENSES ................. I EXCESS INCOME (LOSS) ...... 4,890,806 2,399,670 421,603 7,846,074 11,284,534 3,648,286 422,190 23,173,355 23,201,084 (27,729 I II I Letter ...... II II II II I II Continued from page 14 I point out these major activities as evidence that our church is alive and active in its public and tangible ex- pression of stewardship. Stewardship in this sense in- cludes providing proper places of worship and parish fa- cilities for the life of our parishes. We should be pleased with what we can accomplish. We must not be compla- cent, however. It must be noted that with all the building activity, the amount of money available for investment was re- duced by nearly $1 million, which results in less interest income to offset the diocesan budget. I continue to be very concerned about cost contain- ment in the area of personnel benefits. Health care is still a most volatile area of cost. We are not exempt from the pressures of the economy and the health care problems rampant in our country. The parish financial summary reflects an average in- crease of 9 percent in Sunday Collections and a 6.32 per- cent increase in overall income. These increases are en- couraging in the face of a very slow national economy. In attempting to build greater financial stability the Catholic Foundation of Southwestern Indiana was estab- lished in .1988. During this fiscal year the Catholic Foun- dation of Southwestern Indiana began accepting funds. Its assets have now, at this writing, exceeded $1 million. We are engaged in extensive planning for the Synod to be held in November 1993. In the past fiscal year we re- ceived a grant of $85,000 from the Lilly Endowment, Inc., to help defray some of those costs. I wish to express my gratitude to all of you for the daily and weekly efforts to be good stewards of God's gift to you and your parish communities. We are indeed blessed with many good gifts from God. You are to be commended too for your response to the needs of others where there is no expectation of return. Please continue that spirit of generosity. May the Lord bless each and every one of you as we begin this calendar year 1993. May your lives abound with peace as the first fruits of justice. ...urs in Christ, Most Roy r/d Gerald A, Gettelfinger mshop of Evansville 15