The Office of Finance assists the archbishop in his role as the ordinary administrator of the temporal goods of the archdiocese. The office assists him with his financial and administrative oversight responsibilities for the archdiocese, parishes, schools, missions, and other subordinate entities under his jurisdiction.
Responsibilities and duties include:
Administration of applicable archdiocesan financial and administrative policies and procedures and internal controls to safeguard the assets of the archdiocese, to operate within canon law, and to abide by federal, state, and local statutes, regulations, and ordinances.
Maintaining a general ledger accounting system, producing financial statements and analytical reports, and assisting parishes as necessary.
Administer all insurance programs of the archdiocese, including property and casualty insurance, health insurance, and workers’ compensation insurance.
Oversee the professional funds managers who invest archdiocesan and parish assets.
Coordinate and, when appropriate, negotiate all contractual services for the diocese and parishes alike.
Provide administrative support for the Archdiocesan Finance Council, a consultative body mandated by the Code of Canon Law. The council advises the archbishop and the Finance Office on matters related to finances, budgets, audits, and investments.
Provides administrative support for other archdiocesan consultative bodies such as the Archdiocesan Pastoral Council, Presbyteral Council, College of Consultors, Priests’ Pension Board, and other archdiocesan committees.
These financial statements are presented for convenience and information purposes only, and while reasonable efforts have been made to ensure the integrity of such information, they should not be relied on. A copy of the printed financial statements will be provided on request.
Click here to view the Annual Report
Notes:
"Restricted funds" in a nonprofit setting indicate funds are reserved for a particular purpose.
When funds are “Released from Restriction,” this means that a fund’s restriction qualifications have been met, and the funds were used according to the donor’s intent.
In FY2019, the funds in the “Revenue Released for Time / Purpose” were designated for particular causes but had not yet been used.
“Total Operating Net Activity” is the difference between the Total Revenue and the Total Expense.
“Subsidies” are funds provided to parishes that help support operations costs that parishes would otherwise not be able to provide.
In the former Archdiocese of Anchorage, if a parish exceeded their Annual Appeal goal, they received these funds back in the form of “Rebates.”