ANNUAL REPORT of the DIOCESE OF METUCHEN

Transcription

1 ANNUAL REPORT of the DIOCESE OF METUCHEN Fiscal year July 1, 212 to June 3, 213

2 ANNUAL REPORT of the DIOCESE OF METUCHEN Dear Sisters and Brothers, Each year, I ask all clergy, religious and laypersons of the Diocese of Metuchen to support the Bishop s Annual Appeal, which funds many programs, services and ministries of our local Church. As your shepherd, I am pleased to share with you that during the Fiscal Year your gifts combined with diocesan investments, assessments and other revenues truly made a positive difference in the lives of many and sustained the work of our diocesan departments and offices. Ongoing efforts of our Office for Vocations resulted in my acceptance of four men for priestly studies beginning in the Fall of 212 and the priesthood ordination of three men in May 213. In September 212, 19 men from 17 parishes throughout the diocese became candidates for the permanent diaconate. Members of the diaconate Class of 215 are the first in the diocese who began to pursue a Master of Arts degree in Theology at the Immaculate Conception Seminary at Seton Hall University, South Orange. They continue to receive ministerial, spiritual and academic formation under the Office of the Diaconate, which is supported by your generosity. In addition to our popular weekly senior Bible study sessions, the Office of Family Life s ministry to maturing Catholics continues to flourish as it offers a number of enrichment programs for adults age 55 and older, including senior study and spirituality days and an annual Celebrate Life Day. In addition to Marriage Preparation programs, the office offers formation courses in Natural Family Planning and Theology of the Body in both English and Spanish as well as several healing programs for those who are widowed, separated and divorced. With a focus on the New Evangelization, the Department of Formation and Leadership continued to provide education and formation opportunities for catechists and lay leaders leading up to and throughout the Year of Faith, which began Oct. 11, 212. The department launched a comprehensive Year of Faith website filled with resources and hosted a Faith Formation Convocation on the topic of the New Evangelization, with talks presented by Ralph Martin. In partnership with the College of St. Elizabeth, the Office of Lay Ministry and Leadership launched a formation program for Spanish-speaking parish leaders. The Office for Catechesis ran an eight-part adult faith-formation series on the teachings of the Catechism of the Catholic Church and the Office for Evangelization hosted an apologetics seminar, presented by Patrick Madrid, which focused on inviting lapsed Catholics back to the Church. Also, hundreds of people from all around our diocese journeyed through Rite of Christian Initiation of Adults programs in their parishes, whose ministry leaders are trained, guided and supported by the Office of RCIA. Seeking to promote a culture of life at all times and in all places, the Office of Respect for Life continued its ongoing efforts to share the Catholic perspective on critical life issues and to honor those who are active in pro-life ministry. Defending the rights of the unborn, 4 years after the Roe v. Wade decision, diocesan representatives participated in the annual March for Life in Washington D.C., as well as the Mass and Rally for Life in Trenton, N.J. The Respect for Life office continues its work to defeat the proposed doctor-assisted suicide bill in our state and to defend and preserve religious liberty in our nation; it seeks to educate the public on these policy issues and activate a grassroots response. Continuing its efforts to engage, enlighten and learn from younger Catholics, the diocesan Office of Youth and Young Adult Ministry sponsored its sixth annual youth ambassador trip to Guatemala as part of the diocese s Global Solidarity partnership with the Diocese of Santa Rosa de Lima; hosted the diocese s second annual Young Adult Summit; and launched Jesus and Java, a monthly faith and fellowship gathering for young adults in their 2s and 3s. The office also recognized high school students for outstanding service to their families, communities, schools and parishes during the annual Diocesan Youth Awards ceremony, and hosted both the Diocesan Youth Day and the NJ Catholic Youth Rally. These are just some examples of the important programs, services and ministries that are funded through the annual appeal. There are many other good works that take place each and every day here in our diocese. I invite you to learn more about them through our diocesan newspaper, The Catholic Spirit, available both in print and online, and our diocesan website Each day, as we work together to bring people closer to the heart of Christ, I offer praise and thanksgiving to God, Our Heavenly Father for the many blessings He bestows upon our diocese and for the generosity of all the people who make His work possible. Sincerely in the Lord, Most Reverend Paul G. Bootkoski Bishop of Metuchen

3 ANNUAL REPORTof the DIOCESE OF METUCHEN OPERATING FUND This fund includes all resources available for current support of diocesan operations. Exclusive of the Office of the Bishop, the Office of the Vicar General, the Office of the Chancellor, the Office of Child and Youth Protection, The Tribunal, the Office of Human Resources, and the Office of Internal Audit. All other diocesan service agencies have been organized for the purpose of administrative effectiveness and efficiency under a system of eight departments for the apostolate. Each department is a network of offices, commissions and organizations whose major purposes and functions foster the development of a particular ministry or apostolate on the diocesan level. The eight departments for the apostolate are the Department of Administrative Services, the Department of Catholic Social Service, the Department of Education, the Department of Clergy and Religious Personnel, the Department of Pastoral Life, the Department of Formation and Leadership, the Department of Stewardship and Development and the Department of Diocesan Planning. Interest on Operating Investments and Other Income Department Office Expenses Non-School Parish Subsidy School Subsidies Provision for Doubtful Accounts and Miscellaneous Expenses Catholic Charities Subsidy Assessments, Catholic Conferences and Vatican Bishop s Appeal Department Program Revenue ORDINARY REVENUE ORDINARY EXPENDITURES Actual ,622,92 96,8 1,35, 472,26 1,9, 249,1 18,544,162 Assessments %_ 73.4% 5.2% 7.3% 2.5% 1.2% 1.3% 1.% Ordinary Revenue Assessments Bishops s Appeal Department Program Revenue Other Income Department/Office Expenses Actual ,85,891 6,985,127 2,476,811 38,97 17,693,736 Non-School Parish Subsidy % 44.4% 39.5% 14.% 2.2% 1.% School Subsidies FINANCIAL DISCLOSURES The exhibited financial statements in this publication represent the assets, liabilities, net assets and financial activities of the central operations of the Diocese of Metuchen. It comprises all departments, offices, and units that provide services at the diocesan level of administration and are fiscally responsible to the bishop of the Diocese. These activities are maintained in accordance with the principals of fund accounting to ensure observance of limitations and restrictions placed on the use of resources made available to the diocese. In this regard, resources are classified for accounting and reporting purposes into self-balancing fund groups in compliance with the nature and purpose of such resources. The financial statements presented herein are excerpted from the Annual Report for the fiscal year ended June 3, 213 as prepared by the accounting firm of Donohue, Gironda and Doria, CPAs. The referenced Annual Report is on file at the St. John Neumann Pastoral Center, Piscataway, and is made available upon request. Assessments, Catholic Conferences & Vatican Catholic Charities Subsidy Provision for Doubtful Accounts & Miscellaneous Expense Thomas G. Toolan Director of Finance

4 ANNUAL REPORT of the DIOCESE OF METUCHEN ORDINARY EXPENDITURES DEPARTMENT/OFFICE BISHOPRIC VICAR GENERAL AND MODERATOR OF THE CURIA OFFICE OF THE CHANCELLOR THE TRIBUNAL OFFICE OF CHILD AND YOUTH PROTECTION OFFICE OF INTERNAL AUDIT OFFICE OF HUMAN RESOURCES In the wake of Hurricane Sandy, Catholic Charities, Diocese of Metuchen, responded immediately to the need for relief. Above, Maria Hunter, director, Office of Parish Social Ministry, Catholic Charities, and Father Thomas F. Ryan, pastor of Our Lady of Victories Parish, Sayreville, aided those hard hit. In the aftermath aid came in the form of temporary shelter, basic supplies and counseling. Joanne Ward photo The Diocese of Metuchen launched a Year of Faith to help parishioners deepen their spirituality and to better understand their roles as evangelizers. Masses were celebrated throughout the diocese, including St. James Church, Basking Ridge (above). To further support the effort, a website was designed and launched by the Department of Formation and Leadership. Joanne Ward, photo EXPENSE % of 628,95 3.5% 156,77 598,91 375,317.9% 3.4% 2.1% 162, , ,517.9% 1.8% 1.8% DEPARTMENTS ADMINISTRATIVE SERVICES Office of Finance Office of Information Systems Office of Insurance Office of Property and Facilities Management Diocesan Center Operations Catering Services 89,87 536,56 78, % 3.%.4% 244,53 1,49,8 56,27 3,216,66 1.4% 8.4%.3% 18.1% STEWARDSHIP AND DEVELOPMENT Office of the Executive Director Bishop s Appeal Major Gifts/Planned Giving Office of Stewardship 663,461 77,52 23, ,34 1,573, % 4.3%.1%.7% 8.9% SOCIAL SERVICES Catholic Charities, Diocese of Metuchen 1,9, 1,9, 1.7% 1.7% 67, ,892 2,31,8.4% 3.5% 13.% 31,222 8,63 3,44,773.2%.% 17.1% EDUCATION Office of the Executive Director Office of Schools School Subsidies New Jersey Network of Catholic School Families Catholic Scouting Apostolate Continued on next page

5 ANNUAL REPORT of the DIOCESE OF METUCHEN ORDINARY EXPENDITURES cont d DEPARTMENT/OFFICE CLERGY AND RELIGIOUS PERSONNEL Office of the Executive Director Office of the Permanent Diaconate Office for Religious Office of Vocations Office of Ministry to Priests Office of Hospital Ministry The Maria Regina Residence Priest Advanced Study St. John Vianney House of Discernment Office of Prison Ministry Bethany Ridge Spirituality Center PASTORAL LIFE Office of the Executive Director Office of Family Life Ministry Office for Hispanic Ministry Office for Multi-Cultural Ministries Office of Respect for Life FORMATION AND LEADERSHIP Office of the Executive Director Office of Parish Leadership Formation Office of RCIA Office of Evangalization Office of Youth and Young Adult Ministry Office for Catechesis Office of Worship and Liturgical Formation Campus Ministry Emmaus House DIOCESAN PLANNING AND COMMUNICATIONS Office of Strategic Planning Office of Communications GRAND EXPENSE % of 396, ,41 25,47 517,93 21,19 572, ,852 12,5 138,884 57,483 78,973 2,31, %.7%.1% 2.9%.1% 3.2% 2.1%.1%.8%.3%.4% 13.% 7, ,439 24,26 75, , ,931.4% 1.4% 1.1%.4% 1.% 4.4% 9,39 119,114 9, , ,96 243, ,73 622,21 13,289 1,926,858.5%.7%.5% 1.4% 1.6% 1.4% 1.1% 3.5%.1% 1.9% 345,65 16, , %.6% 2.5% 17,758,953 1.% A bi-lingual Mass, celebrated at Immaculate Conception Church, Somerville, was held for the intentions of immigrants. The liturgy was also a show of solidarity with the United States Catholic Conference of Bishops endorsement for comprehensive immigration reform. John Batkowski photo The first Mass in the newly-formed Most Holy Name of Jesus Parish, Perth Amboy, was held July 14, 212. As part of the diocese s Renewing the Church process, three new parishes were formed in Perth Amboy by merging eight existing parishes. Now serving nearly 5, faithful are Blessed John Paul II; Good Shepherd, and Most Holy Name of Jesus parishes. Mike Ehrmann, photo

6 ANNUAL REPORT of the DIOCESE OF METUCHEN CENTRAL OPERATIONS for FISCAL YEAR JULY 1, 212 to JUNE 3, 213 Statements of Financial Position June 3, 213 and 212 Statements of support and Revenue, Expenses, Transfers and Changes in Balance Assets Cash and Cash Equivalents Assets Held in Split Interest Agreements Investments Accounts Receivable Pledges Receivable - BAA Pledges Receivable Assessments Receivable, Less Allowance for Doubtful Accounts of 1,767,737 and 2,35,195 Insurance and Pension Receivable, Less Allowance for Doubtful Accounts of 1,413,224 and 2,1,664 Accrued Interest Receivable Notes and Loans Receivable, Less Allowance for Doubtful Accounts of 2, and 1, Notes and Loans Receivable Less Allowance for Doubtful Accounts of 66,458 and 488,9 Cash Surrender Value - Clergy Life Insurance Due from Other s Prepaid Expenses and Other Assets Inventory of Crypts Deferred Costs of Issuance - EDA Bond Land, Buildings and Equipment, Less Accumulated Depreciation of 2,158,221 and 18,951,665 Assets Liabilities and Balances Accounts Payable and Accrued Expenses Deferred Support and Revenue Notes Payable Due to Other s Swap Obligation Payable EDA Bond Payable Liability Under Unitrust Agreement s Held for Others Accrued Pension Payable Accrued Postretirement Benefits Payable Net Assets Liabilities and Balance Operating (3,934,458) 225,78 757,52 1,165,5 971,35 61,676 (23,749) Operating 161,979 4, (37,19) (23,749) Insurance & Pension 6,998,4 21,21,974 5,22, ,738 (266,24) 33,568,986 Insurance & Pension 52,867 3,174, ,789 13,582,146 8,652,684 7,814,7 33,568,986 Catholic Spirit 1,88 23,795 8,316 33,919 Catholic Spirit 3,345 21,452 1,57,611 (1,48,489) 33,919 Parish Assistance 313,888 2,26, ,515 7,614,128 28,198,93 Parish Assistance 27,755, ,598 28,198,93 Plant s (712,277) 55,858 23,624,196 23,417,777 Plant s 23,417,777 23,417,777 Custodian 647, ,785 Custodian 647, ,785 Endowment & Similar s 1,82,61 445,534 32,791, ,54 136,36 34,698,937 Endowment & Similar s 9, 5, 135,416 34,54,521 34,698,937 Cemetery s 2,675,959 3,11, ,449 7,888,821 1,327,745 15,674,43 Cemetery s 31, ,946 14,975,989 15,674,43 EDA Bond 967,46 3,84, ,77 19,63,38 369,392 24,44,31 EDA Bond 4,358,376 24,67, (4,624,345) 24,44, All s 8,41,55 445,534 8,79,633 92, ,52 243,54 1,165,5 5,22,898 48,285 19,63,38 8,119, ,738 1,17, ,968 7,888, ,392 24,951,941 16,441, All s 249,686 3,876,152 27,755,332 1,17,731 4,358,376 24,67, 135,416 94,574 13,582,146 8,652,684 75,112,949 16,441, All s 6,853,57 425,36 66,876, ,581 13, ,175 1,92,824 5,249, ,158 23,972,23 6,999,66 3,476,236 1,17, ,977 8,18,913 39,86 25,899,69 152,177, All s 394,429 3,57,97 24,836,375 1,17,611 6,252,589 25,6, 133,62 41,91 18,145,538 1,284,324 61,515,44 152,177,52 Support and Revenue Assessment Revenue Endowments, Donations and Bequests Pledge Contributions Temporary Restricted Revenue Change in Value of Charitable Remainder Trust Cemetery Burials and Perpetual Care Investment Income Income from Financing Program Revenues from Departments Gain/(Loss) on Sale of Land, Building and Equipment Net Unrealized and Realized Gain/(Loss) on Long Term Investments Gain/(Loss) on Interest Rate Swap Obligation Rental Income Catering Income Miscellaneous Income Revenue Expenses Office of the Bishop Vicar General and Moderator of the Curia Office of the Chancellor The Tribunal Office of Child and Youth Protection Office of Human Resources Office of Internal Audit Departments: Charities and Social Ministry Education Personnel in Ministry Pastoral Life Administration Formation and Leadership Stewardship and Development Diocesan Planning & Communic Generous Diocese raising Expense - Golf Cost of Crypt Sales Interest Expense Subsidies - Diocesan/Parochial High Schools Depreciation Amortization Expense Provision for Doubtful Accounts Assessments by Catholic Conferences (NJCC, USCC) Assessment by Vatican Net Periodic Pension Cost Net Periodic Postretirement Benefit Cost Miscellaneous Expense Expenses Excess (Deficiency) of Support and Revenue Over Expenses Transfers: Cash and Other Transfers Excess (Deficiency) of Support and Revenue Over Expenses After Transfers Net Assets, Beginning of Year Net Assets End of Year Operating 7,85, ,533 6,985, , ,622,456 (75) 16,5 4,594 55,27 17,693, ,95 156,77 598,91 375, , , ,721 1,9, 733,974 2,31, ,931 3,216,69 1,926,86 1,559, ,993 47,29 41,37 2,31,8 472,26 184,1 65, 1 18,554,162 (86,425) 1,755,23 894,778 (1,264,887) (37,19) Insurance & Pension 273,42 242,339 9,624,56 2,29,6 15,33 12,364,25 569, ,89 2,249, ,689 3,894,31 8,47,219 ( 1,,) 7,47, ,788 7,814,7 Catholic Spirit 6,45 327,942 12,348 4,74 599, ,583 (198,843) 23, 4,157 (1,52,646) (1,48,489) Parish Assistance 392,41 2,116,548 2,58,949 99,327 1,328,37 268,368 Plant s 27,682 82,74 1, 11, ,166 1,246,448 1,695,732 1,421, , ,217 (369,619) 443,598 (1,31,858) 211,79 (1,99,149) 24,516,926 23,417,777 Custodian s Endowment & Similar s 55,97 333,4 17, ,421 3,817,984 5,151,417 16, ,247 15,167 2, ,474 1,211,66 3,939,757 (1,114,918) 2,824,839 31,679,682 34,54,521 Cemetery s 5 3,276,618 35,222 35,785 55,455 7,767 3,681,347 2,75,88 388,76 36,376 2,5,17 1,181,177 (54,994) 1,126,183 13,849,86 14,975,989 EDA Bond 991,185 11,144 1,894,213 2,986,542 35,276 1,266,551 21,414 1, 1,423,242 1,563,31 1,563,31 (6,187,646) (4,624,345) 213 All s 7,85,891 1,152,622 6,985,127 1,187,395 17,875 3,276,618 1,13, ,185 11,574,94 82,74 8,55,446 1,894,213 71,955 4,594 91,688 44,897, ,95 156,77 598,91 375, , , ,721 1,916,853 1,526,221 2,325, ,85 7,154,825 1,926,86 1,559, ,993 47,29 41,37 388,76 2,594,588 2,31,8 1,282,824 21,414 1,178, ,1 65, 2,249, , ,3,193 13,597,545 13,597,545 61,515,44 75,112, All s 7,466,589 1,554,543 6,564,364 96,56 (12,748) 4,399,377 1,35,619 1,21,67 7,441,683 (97) (1,242,4) (2,369,772) 76,8 23,244 19,329 26,264,94 459, , , , ,41 242,797 1,878,155 1,662,241 2,196, ,717 12,32,425 1,96,555 1,382, ,73 82,316 14,313 87,35 2,328,455 2,447,433 1,187,298 21, ,815 21,696 65, 4,39,269 1,899, ,931,366 (12,967,558) (12,967,558) 74,182,676 61,215,118

7 ANNUAL REPORT of the DIOCESE OF METUCHEN ENDOWMENTS AND SIMILAR FUNDS Endowment and Similar s represents endowments established by the Diocese of Metuchen and resources obtained from endowments, gifts, and bequests. This fund is utilized to record and maintain the financial activities of these endowments. These funds are invested and designated for specific purposes. The Corpus of each endowment is increased each year by 1% of the interest/dividends and net gains on investments generated in that fiscal year for that particular endowment plus 1% of all donations made directly to the endowment itself. The difference, 9% of the yearly interest/dividends and net gains on investments generated in that fiscal year are used to issue grants. There are 1 endowments: Priestly Education Endowment Grants are issued to help support the diocesan operational budget for seminarian education. In fiscal year the total amount of grants issued was 5, even though the total cost for seminarian education was 35,525. The cost of seminarian education does not include priestadvanced study, priest continuing education, priest Spanish or English studies, or diaconate education. Foundation for Catholic Education Grants are issued each year to provide tuition assistance to needy families within our diocese whose children attend diocesan schools and to help defray the cost of tuition by one third for educators of religious education. In fiscal year , the grants issued funded 27.4% of a family s calculated need. The minimum grant was 3 for a family s first child in elementary school and 6 for a family s child in high school. The maximum grant was 1,1 for a family s first child in elementary school and 2,3 for a family s child in high school. The total issued in tuition assistance grants for fiscal year was 754,9. for the Future Endowment Grants are issued each year to help reimburse or fund parishes or the Plant for the purchases of future parish sites. In fiscal year a grant was issued for 2, to help support the current fund budget. Perth Amboy Catholic School Endowment Grants are issued each year directly to Perth Amboy Catholic School for operational subsidy. In fiscal year the total amount of the grant issued to PACS was 1,. The amount the Diocese had to subsidize PACS in the fiscal year on top of this grant was 6,. Maria Regina Residence Endowment Grants are issued each year to help support the diocesan operational budget for the operations of the Maria Regina Residence, the priest retirement home. In fiscal year the total amount of grants issued was 1,, and the total cost for operating the Maria Regina Residence was 366,852. Flame of Charity Foundation Grants are issued each year to Catholic Charities for operations from the profits generated from the Flame of Charity Dinner. In fiscal year the grant issued was in the amount of 177,429. Reserve Endowment Grants are issued each year to help support the operating budget and to help pay for the loan taken to construct Immaculate Conception School, Clinton. In fiscal year , the total amount of grants issued amounted to 83,286 representing 28,286 in partial payments for the construction of Immaculate Conception School, Clinton, and 55, to help support the diocesan budget. The Catholic Center at Rutgers This endowment was set up from the In Service to the Kingdom Campaign. The purpose was to pay for the construction and renovation of a new Campus Ministry Center in New Brunswick. In fiscal year , this endowment was used to record the activity for the capital campaign at Rutgers. Respect for Life Endowment Grants are issued each year to help support the diocesan operational budget for the operations of the Office of Respect for Life. In fiscal year , the total amount of grants issued was 25, and the total cost to run the office was 175,331. Catholic Charities Endowment Grants are issued each year to help support the diocesan operational budget for the subsidy paid to Catholic Charities, Diocese of Metuchen. In fiscal year , the total amount of grants issued was 125,. The amount the diocese had to subsidize Catholic Charities in the fiscal year on top of this grant (125,) and additional Catholic Charities fundraising events of 32,589 was 1,472,411.

8 ANNUAL REPORT of the DIOCESE OF METUCHEN Insurance and Pension This fund is utilized to record, maintain, and report the financial position of the varied diocesan insurance programs and certain pension plan assets administered by the diocese. These insurance programs include the clergy health, and life insurance plans, the lay health and life insurance plans, and the property, liability, and auto insurance plan. Revenue to this fund is primarily derived from interest income on investments and the excess of premiums received from billings to parishes over premiums paid to insurance carriers for that coverage. Expenses of this fund are related to the maintenance and payment of claims, the office staff, and the professional services rendered to administer the plans. The Catholic Spirit This fund is utilized to record, maintain, and report the financial activities and position of the diocesan newspaper. Revenue to this fund is primarily derived from advertising sales, subscriptions, local use funds from the Summer Collection, parish collections for the newspaper, and diocesan subsidy. Expenses of this fund are related to the running, printing, and delivery of the newspaper. Parish Assistance This fund consists of resources derived from an ongoing cooperative investment and loan program established for the mutual benefit of parishes and the diocese. s are borrowed from parishes at an annual interest rate of 5% paid quarterly, and lent to parishes at an annual interest rate of 6% billed quarterly. The Plant The plant fund includes all expendable resources designated for construction, replacement or acquisition of land, buildings and equipment to be used for diocesan purposes. This fund maintains the fixed assets of the diocese in the composition of land and buildings, land held for future disposition, future parish sites, building and road improvements, furniture, equipment, automobiles, and trucks. These assets are depreciated over the determined life of the asset on a straight-line basis. Revenue to this fund is primarily derived from sale of assets, rental income, and interest income on investments. Expenses of this fund are related to taxes on property, depreciation, and the replacement or purchase of property. Custodian This fund is used to receive and accumulate national, diocesan, and special collections forwarded by the 12 parishes in the diocese. Upon receipt of amounts from all parishes, the diocese, acting as fiscal agent, remits the total funds collected to the United States Catholic Conference (USCC) and the National Conference of Catholic Bishops (NCCB). Special Collections Summer Collection: Catholic University of America ,464 Catholic Communications Campaign ,927 Fall Collection: Peter s Pence-The Holy Father s Collection ,762 Winter Collection: Church in Latin America ,17 Campaign for Human Development ,17 Collection for the Retirement for Religious ,785 Spring Collection: American Bishops Overseas Appeal ,148 Native and Black Americans ,99 Good Friday Collection for Preservation of the Holy Land ,9 Operation Rice Bowl ,25 Aid for the Church in Eastern Europe ,69 Catholic Home Missions ,17 The Propagation of the Faith Collection ,223 Together in Charity ,76 Through the Mission Cooperative Plan, the Office of Pontifical Mission Societies and the Diocese of Metuchen, facilitate aid to foreign missions. Above, Msgr. Richard A. Behl, (left) diocesan director of the Pontifical Mission Societies, presents Father Anton Sriyan, professor of liturgy at the National Seminary of Our Lady of Sri Lanka with a chalice and vestments for Sri Lankan seminarians who are often from families who cannot afford them. Joanne Ward, photo

9 ANNUAL REPORT of the DIOCESE OF METUCHEN Endowment and Similar s cont d The EDA Bond Issue This fund is used to record and maintain all transactions resulting from a 28.6 million Economic Development Authority bond issued to the Diocese of Metuchen. The bond was issued on the strength of the diocesan balance sheet to fund the construction and/or renovation of five schools in the diocese. The bond had a three-year spend down period for the projects that were approved by the EDA. The bond is a 25-year term to the diocese where the first five years was for interest only, the remaining 2 years is for the full principal pay down. The diocese administered the requisitions of each of the projects, the adherence to the mandated pay down policy, as well as the billing of principal and interest to each of the schools represented in the bond issue for their share of the debt. The Cemetery This fund represents the financial operations of the Holy Cross Burial Park in East Brunswick and the Resurrection Burial Park in Piscataway. Surplus funds are separated for operational and perpetual care purposes. Revenue to this fund is primarily derived from crypt and in ground burial sales, interments, sales of foundations and lettering, perpetual care income, and interest income on investments. Expenses of this fund are related to the operations of the cemeteries mostly salaries, utilities, maintenance, and construction. Top Photo: Priests from the diocese bless three newly ordained priests during the Rite of Ordination Mass. The May 25 ceremony in the Cathedral of St. Francis of Assisi marked several milestones the resignation of Pope Benedict XVI followed by the election of Pope Francis; the Year of Faith and the 5th anniversary of Vatican II. Mike Ehrmann photo Bottom Photo: Deacons from the diocese renewed their vows during the Deacon Recommitment Mass April 21. Ed Koskey Jr, photo ENDOWMENT Priestly Education Foundation for Catholic Education for the Future Perth Amboy Catholic School Wills and Bequests Maria Regina Residence Reserve Respect Life Endowment Catholic Charities Endowment Rutgers Campus Ministry Endowment RESTRICTED PRINCIPAL 1,972,942 UNRESTRICTED CORPUS CORPUS 1,972,942 % 6.2% 5,813,972 6,895,658 81,414 5,813,972 7,76, % 24.3% 1,361, , ,383 9,693, ,562 37,785 19,984 2,224,845 1,399,38 189, ,383 11,918,33 565, %.6% 3.% 37.6% 1.8% 3,25,712 3,25, % 3,675,362 43,91 3,496,119 43,91 1.3% 34,171, %

10 ANNUAL REPORT of the DIOCESE OF METUCHEN The following unaudited financial results of the 94 parishes, 28 elementary schools and three high schools are offered as supplemental information to this report. FINANCIAL SUMMARY OF 94 PARISHES Revenue and Expenditures as of June 3, 213 (unaudited) FINANCIAL SUMMARY OF SCHOOL OPERATIONS Revenue and Expenditures as of June 3, 213 (unaudited) ( ommitted) ( ommitted) REVENUE Parish Collections National Appeals & Collections Other Ordinary Receipts Extraordinary Receipts 55,236 2,921 8,919 16,17 REVENUE 83,93 EXPENDITURES Salary & Benefits Administration, Maintenance, Utilities Parochial School Subsidies Parish Ministries Extraordinary Expense 34,748 17,283 2,857 7,153 21,13 EXPENSE 83,54 EXCESS OF REVENUE OVER(UNDER) EXPENDITURES ASSETS-CASH, INVESTMENTS, LAND, AND BUILDINGS LIABILITIES-LOANS, NOTES, PAYABLES FUND BALANCE (NET WORTH) 249,3 ELEMENTARY SCHOOLS (28) REVENUE Tuition and Fees Parish/Diocesan Subsidies Home School Assn. Efforts Bingo, raising and Development Other Income REVENUE 34,24 4,378 5,377 3,57 47,52 EXPENDITURES 47,51 EXCESS OF REVENUE OVER(UNDER) EXPENDITURES 1 HIGH SCHOOLS (3) REVENUE Tuition and Fees Parish/Diocesan Subsidies Home School Assn. Efforts Bingo and raising Other Income REVENUE 39 27, ,57 17, ,987 EXPENDITURES 19,81 EXCESS OF REVENUE OVER(UNDER) EXPENDITURES - 94 Deacons Members of the Catholic Filipino community carry banners celebrating San Lorenzo Luiz, the first Filipino saint, during a Mass attended by more than 7 Catholics of Filipino descent. The diocesan Department of Pastoral Life presently numbers 1 active aposolates, each with its own coordinator, functioning under the Office of Multicultural Ministries. More than forty parishes maintain regular ethnic language liturgies. Mike Ehrmann photo When visiting Immaculate Conception School, Somerville, during Catholic Schools Week, Bishop Paul G. Bootkoski was greeted by students dressed in historical costumes. The mission of Catholic education includes inviting young people to deepen their relationships with Jesus; inserting them into the life of the Church, and assisting them to see and understand the role of faith in their daily lives. Michele Blandino photo

11 ANNUAL REPORT of the DIOCESE OF METUCHEN Catholic Charities, Diocese of Metuchen Financial Summary FY13 Revenue 4% State ing Contracts 14,923,821 21% Medicaid/Medicare 8,31,783 16% Client Generated Revenue 6,156,843 8% Local/County ing Contracts 2,91,894 Dear Friends of Catholic Charities, I am pleased to present the 213 Annual Report of Catholic Charities, Diocese of Metuchen. The agency s mission is exemplified through its work providing quality services with both compassion and professional expertise, while upholding the dignity of every person we serve. This year has proved to be another challenging year for the agency. The ongoing recession has affected the agency and thousands of people living in our diocese. As the grip of economic uncertainty continues to grow, we rely more and more on the charitable donations and the work of every Catholic to fill the gaps left by underfunding. Unfortunately, situations we once categorized as urgent and immediate are becoming sustained and long term. In addition to the poor and disenfranchised we ve always known in our parishes, we are now called to serve people who never before imagined needing our help. Last year, Super Storm Sandy came knocking at our door, leaving so many more people in dire need of help. People who had already been under tremendous stress from the recession were left homeless, hurt and unsure about the future. Catholic Charities responded to this disaster and mobilized quickly. We are known for rolling up our sleeves, testing lessons learned and buckling down for the hard work of helping people rebuild their lives whether it be a natural disaster or a life emergency we are here for the long haul. Catholic Charities is able to fulfill its commitment to the betterment of the human spirit because of the outstanding leadership of the Board of Trustees and the dedication and commitment of staff, volunteers and benefactors. People from all walks of life come through our doors; those affected by economic weakness, natural disaster and personal crises. Your dedication to Catholic Charities, Diocese of Metuchen makes it possible for us to be there for them. On behalf of each person whose life we are able to impact because of your continued support, I thank you. Marianne Majewski, Executive Director 6% Diocese of Metuchen 2,41,81 2% Foundations 916,636 2% Donations - Cash & In-Kind 878,976 2% United Way 69,478 2% Federal ing Contracts 636,445 1% Interest & Other Income 215,596 1% 37,753,553 United Way Foundations Diocese of Metuchen Local/County ing Contracts Client Generated Revenue a Interest & Other Income Federal ing Contracts Donations - Cash & In-Kind Expenses State ing Contracts Medicaid/Medicare 41% Behavioral Health & Youth Services 15,334,21 16% Out of Home Placement 5,82,857 15% Childcare Services 5,578,672 1% Housing & Homeless Prevention 3,647,25 9% General & Administration 3,2,137 5% Social Justice & Disaster Relief 2,51,635 3% Health Services 1,164,698 1% raising 6,295 1% 36,857,52 raising Health Services Housing & Homeless Prevention Childcare Services a Social Justice & Disaster Relief General & Administration Behavioral Health & Youth Services Out of Home Placement THE FINANCIAL INFORMATION REPORTED ABOVE WAS DERIVED FROM THE AGENCY S AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDING JUNE 3, 213.