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Evansville, Indiana
March 6, 1992     The Message
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March 6, 1992
 

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J 6, 1992 The Message -- for Catholics of Southwestern Indiana 13 &nnual report published by Diocese of Evansville Dear Sisters and Brothers in Christ, letter from Bishop Ger- ald A J . Gettelfiner intro- Ces the annual report of lhe Diocese of Evansville, C is f_ ound on this page - ,le fallowing page. .41so Published this week Is. a Consolidated statement )l the parishes, found on ge 15. This annual diocesan financial report represents, in sum- mary form, the financial activities of our diocese for the fiscal year Sept. 1, 1990, to Aug. 31, 1991. Thaccompanying graph- ics show the sources of diocesan support and revenue and how the money was used. This report reflects the financial soundness of our dio- cese. Two charts are used to shaw the complete financial pic- ture. One chart shows the combined statement of support and revenue, expenses, capital maintenance and improvements, and fund balance. The other (on the following page of this THE ADMINISTRATIVE OFFICES OF THE CATHOLIC DIOCESE OF EVANSVILLE Combined Statement of Support and Revenue, Expenses, Capital Additions and Fund Balance Year Ended August 31, 1991 8bPORT AND REVENUE: Catholic community support: Annual Diocesan Appeal (assessmenU ................................. $1,617,166 Bequests and donations ........................................................ 860,915 Pees: Property and liability insurance ............................................ 594,847 Clergy medical plan ............................................................... 189,130 ay medical plan .................................................................... 550,649 Service fees" NeWs-a C P p .............................................................................. 184,943 _atholic center ....................................................................... 75,906 rribunal .................................................................................. 19,426 Media center .... ...................................................................... i 14,049 Programs ................................................................................ 30,129 Interest income: Parishes ............................................................. 139,813 Irwestments ......................... iiiiii'. ................................. 684,252 Institutions .......................... 7.362 iVidend income .................................................................... . t lOSses on investment transactions .................................. Vascellaneous revenue. .......................................................... CL NSES: _Uancery ...................................... : ......... Olic Center and other operahons .......... ' ........................... 179,123 484,453 ,uministrative support .............................. . ............................. 46.041 WSpaper/communications .................................................. 231 180 .uucation ................................................................. 139 580 Office of P ........ 113.356 tribunal "'Wors'hi 26 207 Vet... iii ...... i:iiiiiiiiii::i:i:iiii:iiiiiiiiiiiiiiiiiiii/.ii:iii --. uon omce ....................................... 117.485 }lStry to Priests .......... .......................................................... 70408 - velopment ................................................. 81.533 Other ......................... 42.551 Youth ministries ............................ iiiii ................................... 6,744 SUbsidies to Diocesan entities: Catholic charities ...................... : ............................................. 240,301 NeWman Centers (campus mimstry) ..................................... 106,451  John's Parish ...................................................................... 10,600 Other aristian ............................. sharing ................................... :::: .............................. 45,00023,194 (3ther expenses: Lay employees retirement plan ............................................. Operty and liability insurance ............................................ tergy medical plan .............................................................. ay medical plan .................................................................... .Uther clergy salaries and expenses ........................................ Interest expense: Parishes ................... . ............ 214, 860 Institutions ............... . ............................... 244, 533 Other ............................ 8,928 Capital improvements and furniture and fixtures ............... bIIIcIINCY OF REVENUE OVER EXPENSES ........................ APlTAL ADDITIONS: tvatributions ........................................................................... 6, 037 'Stment income .................................................................. 16, 859 AFICIENcy n, o,, VE EXPENSES AFTER , .... - .... NUE 0 R r[rAL ADDITIONS II3ND BALANCE, BEGINNING OF YEAR ............................ 3,165,658 Por Period adjustments ...................................................... 220,372 T und balance, beginning of year, restated ......................... .ransfer to C tholic Foundation Uecre a .......................................... ase in unrealized loss on marketable equity securities ............................................................... IUND BALANCE, END OF YEAR ......................................... $2,478,081 1,334,626 324,453 831,427 27,106 (37,168) 5,046,809 1,538,661 425,546 302,744 481,987 439,004 1,116,874 137,493 468,321 548.759 5,459,389 (412,580) 22,896 ( 389,684 ) 3,386,030 (75,230 } 97,036 I $ 3,018,152 newspaper) shows the assets and liabilities. The costs of providing services to the local church are considerable. So too are the resources of the church. In reviewing the report the reader will become keenly aware of the "personnel intensive" nature of our costs. This comes sharply into focus as the volatile nature of the health insurance industry affects us as it does all employers. Health care costs and health insurance costs -- for clergy, religious and lay  take a large portion of our resources, The nature of ministry is that it is performed by people. Buildings and programs are tools. The greater portion of our operational resources is dedicated to the salaries and wages of those who minister to the members of the local church, the diocese. When the word "Church" is used, most of us think first of our parish church. We find community and a place of com- mon worship and service in our parish. The diocese is a com- munity of parishes. In sharing funds, parishes earn interest for themselves, and also make possible a large amount of common resources for parishes with major projects. During the last fiscal year, millions of dollars were loaned or committed to Good Shepherd and Holy Redeemer churches in Evansville, St. John Church in Newburgh, St. Martin Church in Whitfield, St. Philip Neri Church in Bicknll, Sts. Peter and Paul Church in Petersburg and Mary, Help of Chris- tians Church in Mariah Hill. Line items related to the deposit and loan fund are shown on the balance sheet, under Assets and under Liabilities and Fund Balances. The audited report of the diocese is available for review during office hours at the Catholic Center. May the Lord continue to bless our efforts to be good stewards of all the gifts He has bestowed on us. Faithful lyChrist, Most Rev. ald A. Gettelfinger Bishop of Evansville SUPPORT AND REVENUE Message revenue: $184,943 Property and Liability Insurance Premiums $594,874 Medical Insurance Premiums: $3 1,799 Fees from Catholic Center, Tribunal, Media Center and Programs: $139,510 Other: $78,222 Interest: $831,427 Bequests and Donations: $860,915 Annual Diocesan Appeal: $1,617,166 Diocesan Interest Expense: $46 3,321 Insurance $481,987 EXPENSES Lay Employees Retirement Plan: $302,744 Ancilary Clergy: $137,493 Subsidies: $33,794 Building Maintenance, Improvements: $548,759 Clergy and Lay Diocesan Offices: $1,930,413 ledical Plans: $1,555,878