Catholic Cemeteries Office among Church entities releasing 2012 financial report

In keeping with Archbishop Charles Chaput’s June pledge to release audited financial statements for every major archdiocesan entity, a statement audited by the accounting firm Grant Thornton for the Archdiocese of Philadelphia’s Office for Catholic Cemeteries covering the year ending June 30, 2012, has just been released.

Archdiocesan financial report, 2011-2012

See the full Archdiocesan financial report. See the supplemental document to the report.

Archdiocesan Financial Report shows complex factors leading to huge deficits

Archbishop Charles Chaput in his column last week on called the Archdiocese of Philadelphia’s new financial report “very serious – and that’s an understatement.” True to his word, a 37-page report of unprecedented detail released today shows an operating deficit of $39.1 million for the fiscal year spanning July 1, 2011 to June 30, 2012. Grim figures of the report revealed 2011-2012 to be a very mean year, and pointed to serious long-term concerns.

Previous years’ financial reports

Click on a link below to see a PDF of archdiocesan financial reports from previous years. Fiscal Year 2010-2011 Addendum to Fiscal Year 2010-2011 Fiscal Year 2009-2010 Fiscal Year 2008-2009 Fiscal Year 2007-2008      

Looking ahead to the Archdiocesan Financial Report

En espanol The wife of a friend once quipped that there’s not much sizzle or romance in balancing a check book – but try feeding the kids if you can’t. If a family has financial problems, it needs to know why. That requires accurate information, no matter how complex and sobering, so the problems can be fixed. So it is with the Church. The resources of the Church don’t belong to the bishops or the clergy or some remote institution. They belong to her people.That means the Church has an obligation to use her resources well. She also has a duty to make an accurate yearly accounting to her people of how she manages those resources, whether the news is happy or not.

2012 Financial Report of the Archdiocese of Philadelphia

  Click to read the detailed annual financial report of the Archdiocese and its related entities and offices (PDF).              

Archdiocesan Pastoral and Financial Report

All list items link to PDF format: Pastoral and Financial Report to the Faithful Archdiocese at a glance/Fast Facts Sources of Funding/Distribution of Expenses Good Works: A snapshot of outreach by the Archdiocese

Abuse crisis, leadership failure seen having impact on church giving

A Villanova University director and numerous lay Catholic experts and bishops identified soaring costs and reduced giving by Catholic faithful because of the clergy sexual abuse crisis and responses to it.

Former Downingtown pastor charged with theft of parish finances

Msgr. Joseph McLoone was arrested Aug. 21 in Chester County for misappropriating almost $100,000 from an off-the-books account at St. Joseph Parish. He has been on leave since resigning as pastor last year.

Philadelphia Archdiocese names Marc Fisher new CFO

Fisher, 46, will become the chief financial officer July 1. Currently the director of the archdiocesan office that assists parishes and schools with accounting, he led implementation of new financial control policies.