2014-15 Annual Report – Diocese of St. Cloud, Minnesota

Categories: Diocesan Annual Financial Report

Thank you

The people of our 16-county diocese have a long history of generous support for the work of the church. I thank God every day for your faithfulness and your generosity, which enriches our parishes and communities in so many ways.

Your ongoing support is a blessing to all. I appreciate all that you do, and I extend my prayerful best wishes for the year ahead.

+ Donald J. Kettler
Bishop of St. Cloud
April 8, 2016

Notes to the financial activities of the Diocese of St. Cloud

Organization

This is the annual financial report for the St. Cloud Diocese Corporation. The St. Cloud Diocese Corporation is a civil corporation formed in 1900. It was organized pursuant to and operates in compliance with Minnesota state law.

The St. Cloud Diocese Corporation holds and manages temporal assets, including real property, personal property and investments, for the purpose of assisting the bishop in his ecclesiastical obligation to provide for the spiritual care of the community of the faithful living in the Diocese of Saint Cloud. The ecclesiastical Diocese of Saint Cloud was established by the Roman Catholic Church in 1889, and currently includes the 138,000 Catholics living in 16 counties comprising the diocese.

These counties include Stearns, Sherburne, Benton, Morrison, Mille Lacs, Kanabec, Isanti, Pope, Stevens, Traverse, Grant, Douglas, Wilkin, Otter Tail, Todd and Wadena, with a total area of 12,251 square miles.

Basis of presentation

The financial statements include all administrative and program offices and departments of the St. Cloud Diocese Curia. The financial statements do not include the assets, liabilities and operations of the parishes or schools, which are separate and independent corporations, nor does it include any other separately incorporated operations such as Assumption and Calvary cemeteries, Catholic Charities, the Catholic Foundation, Society for the Propagation of the Faith (Mission Office), Deposit and Loan or Gabriel Media, each of which, as a separate and independent corporation, issues its own financial report.

Financial statements

The financial statements of the St. Cloud Diocese Corporation were audited by independent certified public accountants. The independent accountants rendered an unqualified opinion of the financial statements.