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Archdiocese releases annual financial report


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BRAINTREE -- The Archdiocese of Boston released Jan. 26 its annual financial report for the fiscal year ending June 30, 2011.

The report identifies key financial performance measures, including its financial position and changes in net assets during the most recent fiscal year. The full report is available on the Archdiocese's website (http://www.bostoncatholic.org/annualreport) together with the audited financial statements of Archdiocesan related organizations. The report should be read in conjunction with the recently issued 2012 Budget, which focuses on Central Ministries.

The report provides a comprehensive review of the archdiocese's assets, liabilities and financial activities. Included are the audited financial statements of the Roman Catholic Archbishop of Boston, a Corporation Sole, encompassing the activities of the parishes, central operations, the endowment fund, and the general insurance fund. The report also includes an accounting of payments for sexual abuse settlements and related expenses and the sources of these funds.

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