Pastoral Office for Administration

Accountability Report, September 16, 2007

Accountability is an important part of our stewardship responsibilities.  Each year the diocese subjects itself to the scrutiny of an independent audit.  Figures in the following reports are drawn from the audit of the Bishop’s Office conducted by Katz, Sapper, & Miller, an Indianapolis-based accounting firm.  As in the past, an unqualified opinion was received.  To achieve an unqualified opinion financial accounting standards must be met and commonly accepted internal controls must be in place.  Complete audited financial statements are available for inspection through the Pastoral Office for Administration. 

The 2006 results are reported in comparison to the 2005 audit since our main source of funding, Fruitful Harvest, is a two year campaign.  This two-year presentation is rolled forward each year.  As with all not-for-profit organizations, accounting standards require that revenue pledged during fund raising campaigns be recognized in the year pledges are made.  Because of this and the campaign cycle, the audit reports show more revenue during even numbered years than in the odd numbered years. 

Assets and Liabilities

Cash Flow Statement

Sources of Funds

Uses of Funds

Undeveloped Diocesan Properties

The ministries of our diocese and this web site are made possible through the generosity of Fruitful Harvest donors. Thank you!

©2008 Diocese of Lafayette-in-Indiana