Finance Office

Under the direction of the Chief Financial Officer, the Finance Office provides direct accounting and financial services to the administrative offices of and programs provided by the Diocese. In addition, the office administers the employee benefits and oversight of the finances of parishes and other entities subject to the authority of the Bishop.

With regard to the Diocesan offices and programs, the Finance Office is responsible to the Diocesan Finance Committee for the preparation and implementation of the annual budget as authorized by the Bishop and the preparation and audit of an annual report of the financial condition of the administrative offices of the Diocese. This would include all funds related to endowments, the protective self-insurance program, custodial funds, and employee benefit programs.

With regard to the oversight of parishes, through its Parish Support Specialist, the Finance Office assists parishes in the maintenance of financial records and controls in accordance with legal requirements and stated Diocesan policies. The Comptroller and CFO are responsible for the review of the annual budget and financial reports of the parishes.

NOTE ON FINANCIAL STATEMENTS
The financial statements for 2022 were not finalized due to the Diocese filing for chapter 11 reorganization on March 15, 2023. The Diocese attests that the information contained therein is materially accurate. The Diocese has not engaged in an external audit since that time. Instead, the Diocese provides detailed monthly operating reports to creditors and other interested parties. The balance sheet and income statement from the June 2023 and June 2024 monthly operating reports are presented here as well.