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Evansville, Indiana
December 18, 1987     The Message
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December 18, 1987

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L CATHOLIC DIOCESE OF EVANSVILLE VOLUME 18 NUMBER 16 DECEMBER 18, 1987 I1! I I I dazzin' at the zoo Saxophonists Mike Denner and Karen Ashworth, members of the Mater Dei Jazz Ensemble, performed at Evansville's Mesker Park Zoo during "Christmas at the Zoo" last weekend. This is the first year the high school has organized a jazz band, according to director Jerry Grannan. Other members of the group include Don Lamkin, Ellen Alsop, Debbie Kirsch, Joe Smith, Tim Tenhumberg, Katie Cavera, Brian Wannemuehler, Gary Burdette, Angle Kirsch, Dana Master- . son, Sara Kirsch, Ron Hailer and Daryl Nurrenbern. -- Message Photo by Mary T. Ellert INF treaty and the pastoral By LIZ SCHEVTCHUK NC News Service WASHINGTON (NC) -- In 1983, seeking an end to the nuclear arms race, the American hierarchy recommended progress in "negotiated bilateral deep cuts in the arsenals of both super- powers. ' ' On Dec. 8, maybe the world got it. The new U.S.-Soviet intermediate- range nuclear force, or INF, treaty sign- ed that day by President Reagan and Soviet General Secretary Mikhail S. Gorbachev for the ,first time ever specifies aholition of more than 2,200 short-and medium-range nuclear missiles. More work remains -- on reductions in the number of long-range, strategic nuclear weapons, for example. Yet Reagan and Gorbachev -- and" other officials -- described the INF trea- ty as an important initial step on the road to peace. So did Catholic leaders instrumental in drafting the bishops' 1983 war and peace pastoral, "The Challenge of Peace: God's Promise and Our Response." Cardinal Joseph L. Bernardin of Chicago, who chaired the committee that drafted the peace pastoral, noted that the treaty "appears to be a step toward arms control" and described it Dec. 11 as "a very positive breakthrough." See 1NF page 4 Not enough income Documents show Vatican budget does not cover expenses "9 By AGOSTINO BONe NC News Service VATICAN CITY (NC) -- The Vatican, far from being fabulously wealthy, has a budget half that of some U.N. agencies and is not generating enough income to meet its annual expenses, confidential documents show. Furthermore, the documents show the Vatican is steadily depleting its assets by dipping into investment capital to make up the difference be- tween income and expenses -- a prac- tice contrary to sound financial nagement -- which could lead to ure financial difficulties. The documents, which include budget summaries for 1985 and other financial information, show the Vatican at the end of 1985 had assets of $485 million and liabilities of $261 million for a total net worth of $224 million. The assets do not include artistic, ar- cheological and historical holdings, which include some of the world's most famous works and which the Vatican says it Will not sell. Nor do the figures include the assets of the controversial Vatican bank, which is financially independent. The documents show that in 1985 the Vatican took $2.2 million out of its in- vestment capital to help make up a shortfall of $39.1 million in its operating budget of $124.7 million. Two-thirds of that budget -- $83.7 million -- went to the work of the Holy See, the central offices serving the church and church interests around the world. The other third -- $41.1 million -- was in the separately administered civil budget of Vatican City State, a 108-acre enclave surrounded by the city of Rome. A CLEAR UNDERSTANDING of the scope of the figures is not easy to reach On the insid00 ,% Bicentennial Competition Memorial High School places second. Story and photos on page 3. St. Vincent de Paul, Highland -- Feature parish on pages 8-9. Voice of a missionary Guest columnist on page 11. because of the unique nature of the work of the Vatican, but for the sake of understanding the figures, here are some comparisons. -- The net worth figure is slightly over half as much ($400 million) as the University of Notre Dame has in its en- dowmefit fund alone. -- The combined $124.7 million spent for Vatican operations was some $24 million less than the U.N. Fund for Population Activities spent in 1985 and almost identical to the amount of U.S. military aid to E1 Salvador in 1986. -- The government of the 443-acre principality of Monaco spent $222 million in 1983. The remainder of the money to cover the Vatican's 1985 shortfall came primarily from Peter's Pence, a collec- tion taken up around the world and sent to the pope for use at his discretion. Peter's Pence totaled $28.5 million. Other donations used for the budget shortfall totaled $8.4 million. By 1986 the Peter's Pence collection grew to $32 million, yet it covered a smaller portion of the budget shortfall than it had in 1985 because total spend- ng had increased more rapidly than the collection had grown. For 1987 the budget shortfall is ex- pected to be $59 million. All the defi@s are on the Holy See's ledgers. The city state has a balanced budget. The confidential documents show that the Vatican is reaching the practical limit of dipping into its invested funds to cover threatened deficits. One reserve taken from those funds in the past to cover shortfalls is now "completely exhausted." The wisdom of establishing another from the same source is questionable. There was no indication in the documents to support contentions that Vatican reserves had been drained by the payment in 1984 of $240 million in the Banco Ambrosiano case. While that point was not directly addressed in the documents, they did state that the finances of the Vatican bank -- on whose behalf the payment was made to Ambrosiano creditors -- had no con- nection with the finances of the Vatican City State and the Holy See. In March 1985, the Vatican said the $240 million did not come from Holy See funds. CONCERN OVER Vatican finances has become so great that the Vatican is urgently turning to bishops, religious orders and others for financial help. The 1985 budget figures contained in the confidential documents show an- nual expenses with very little apparent fat to cut and a total modest by com- parison with other organizations. The $124.7 million that the Vatican spent in 1985 to govern its city state and provide central services for a culturally and ethnically diverse worldwide church of 866 million people is only two-thirds as much as the University of Notre Dame operating budget, $189.5 million, in the 1987-88 fiscal year. Some specialized agencies of the United Nations, such as UNESCO and the Food and Agricultural Organiza- tion, have yearly budgets about double See NOT ENOUGH page 14