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The Message
Evansville, Indiana
March 8, 1996     The Message
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g Activities Catholic Parishes Campaign $2,526,27O 59% Property and Liability Insurance $650,263 28% Clergy Medical Plan $287,763 13% Annual Report: Sound condition, bright future Dear Sisters and Brothers in Christ, In this issue of the Message I am pleased to present to you the Annual Report. It repre- sents the financial picture of our diocese as of August 31, 1995. We are striving to become a diocese that exercises from each parishioner to each dioce- san staff member the challenge of faithful stew- ardship of time, talent and treasure. Our almighty and provident God has bestowed upon us the gifts of time, talent and treasure. You and I are invited in return to share those same gifts of God. I commend all of you on your efforts to respond to that invitation. The numbers and charts found on these pages represent a common and acceptable way of reporting the state of our diocese with respect to the treasures that God has entrusted to our care and use. It is my joy to report that our diocese is in a financially sound condition. This financial security gives us the freedom to serve the pre- sent needs of our diocese. It does not, however, provide room for expansion beyond present services. It does not give us the ability, as a diocese, to reach beyond ourselves except to the three- fold annual responsibilities to the larger Church: the annual assessments for the Indiana Catholic Conference, to the National Conference of Catholic Bishops, and to the Holy See. This is a challenge for us as we look to the next millennium. The news of last fiscal year ending on August 31, 1995 is good. In the past year we have seen the continued expansion of parish building initiatives. These are signs of a bright future for our diocese. They are signs of life rooted in the faith. New and renewed places of worship, additions to Catholic schools, and parish activity centers are all indications of a flourishing Church. Along with the very high activity in our deposit and loan fund, by which we are able to meet the costs of new parish initiatives, I am encouraged by the growth of the Catholic Foundation of Southwestern Indiana. The Foundation will help parishes and the diocese meet specific long-term needs that are recur- ring. Among those are perpetual care of ceme- teries, plant maintenance, and Catholic school operations. Bishop Francis R. Shea, even in death, was most generous to the Church he served so faith- fully. He left a significant gift to our diocese without restriction. I have placed it in the Catholic Foundation as the Bishop Shea Endowment for the preparation of men for the Holy Priesthood. I felt it most fitting for a man who loved the priesthood and priests so deeply. I am hopeful that his gift will attract others for this purpose for indeed it is an ongoing one. This report of financial activity has been audited by an outside firm and is in accordance with acceptable standards. The full audited report is available for review during office hours at the Catholic Center for anyone wishing to avail themselves of the opportunity. The combined statement of support and revenue, along with the combined balance sheet, is my official way of being accountable to you for my obligation of the stewardship of financial resources entrusted to me. We must all be grateful to Almighty God for his graciousness to us. I am most grateful to each of you faithful stewards for responding to him. May God bless each and every one of you with the presence and everlasting gift of self, Jesus Christ our Lord. Gratefully and faithfullL,yours in Christ, Mosra dA.Cinger "/) Bishop of Evansville Activities Catholic Parishes Campaign $2,526,270 39% Bequests and Donations $289,788 4% COMBINED BALANCE SHEET For the year ended August 31, 1995 With Comparisons for 1994 1gO5 ASSETS Cash Cash - restricted Marketable equity securities Marketable equity securities - restricted Investments Investments - restricted Receivables: Loans - parishes and institutions Services 1094 620.127 370.632 1.721.531 32.931 11.274.578 506.315 90,848 18.709 1,367,691 400.397 10.445.465 560.532 3.165.177 38.826 3.020.787 19.625 Catholic Parishes Campaign (assessment) 1.033.872 Other Diocesan entities 65,043 Accrued interest 164.572 Other 77.651 Total receivables, net 4,545,141 Prepaid expenses 102,508 862.714 47,793 169.635 84.368 4,204.922 119.600 $19.173.763 $17,208,164 Other Expenses $330,233 6% Central Offices and Ministries $2,022,230 LIABILITIES AND FUND BALANCES Accounts Payable Other expenses, principally insurance claims and pension costs Accrued interest Deposits held for parishes and other Diocesan entities Deferred revenues and support: Unrestricted: Catholic Parishes Campaign 90,003 55,735 155.408 268,176 41.139 38.492 10,151.364 9,239.277 2.731.005 2,526.305 35% Subsidies Other Plant Fund Restricted Other liabilities Liabilities TOTAL Fund balance Unrestricted: Undesignated 22.785 32.294 50.000 50.000 2.803.790 2,608,599 753,015 717,453 3.556.805 3.326,052 96,572 84.340 14.091.29t 13.012,072 1,901,476 964.366 $529,203 9% Net unrealized loss on marketable equity securities Designated Restricted (35,229) (75,139) 2,070.158 2,070,793 1,146,067 1,228,072 5,082.472 4,196,092 $19,173,763 $17.208,164 i 1 !r z j ,: .