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 Annual Report

annual_report_cover.jpgA message from Bishop Edward C. Malesic

Dear Friends in Christ,

Over the past 11 months of this Extraordinary Year of Mercy proclaimed by Pope Francis, we have reflected on the infinite mercy of God with greater intensity and engaged in corporal and spiritual works of mercy to lift up the lives of those around us. As we strive to become more merciful like the Father, we do so knowing that mercy is the force that reawakens us to new life and instills in us the courage to look to the future with hope.

On July 13, I joyously celebrated my one-year “hope-filled” anniversary as your bishop. I continue to thank God for sending me into a diocese that is filled with kind, generous and dedicated Catholics who work to build up the Church and care for people in our midst. I also am truly appreciative and happy to report that the diocese ended its June 30, 2016, fiscal year with a surplus, for the sixth year in a row.

This annual report is based on the diocese’s audited financial statements and reflects the accounting and stewardship of the diocesan offices and its two high schools. Parishes, Catholic Charities, The Catholic Foundation, The Catholic Institute and our 11 regional elementary Catholic schools (which operate under separate Pennsylvania Charitable Trusts) produce separate reports.

The Statements of Financial Position indicate that the Pastoral Center has an Unrestricted Net Assets balance of $3.8 million. This money helps support all of our centralized administrative programs, which include faith formation, Catholic schools, priestly vocations, clergy formation and corporal works of mercy such as our hospital ministries and the works of our Catholic Charities.

Our Self Insurance Fund continues to maintain a net asset balance in excess of $7.5 million. This fund covers the property and liability claims for all parishes and Catholic schools, in addition to health care coverage for priests and lay employees throughout the entire diocese.

Greensburg Central Catholic Junior-Senior High School and Geibel Catholic Junior-Senior High School, the two diocesan owned and operated schools, have a combined net asset deficit of $1.6 million because both schools have incurred additional costs to strengthen their academic programs in recent years.

Under the Statements of Activities, which reflect the net assets activity of the Pastoral Center, you will see that Total Revenue, Gains and Support have remained at $10.6 million for the last three fiscal years. The annual Diocesan Lenten Appeal generated 31 percent of this annual revenue, and the Diocesan assessment on parish income generated 26 percent. Thank you for your tremendous, ongoing generosity to this appeal and for faithfully supporting your individual parishes through your financial and spiritual contributions.

We also have maintained Total Expenses before adjustments and transfers of nearly $10 million in the past three years. Faith Formation and Catholic Education program expenses are about 23 percent of this total budget, while Corporal Works of Mercy expenses and donations are 14 percent of total expenses. The cost of our Vocations, Clergy Formation and International Priests programs remains at nearly $1 million due to the ongoing education of our priests, seminarians and deacons. We were honored to celebrate another ordination to the holy priesthood when Father Ryan C. Ravis was ordained in June, and we currently have four seminarians in priestly formation.

Overall, administration expenses, consisting of the Finance Department and Chancery Offices, total about one-third of our total expenses.

A financial summary of our two diocesan high schools is included on page 4 of this report. Greensburg Central Catholic ended this fiscal year with an operating deficit of $70,000 before other changes in net assets. Capital improvements mainly consisted of technology in the academic programs, such as interactive white boards and 1:1 computing. Greensburg Central Catholic has a deficit net asset balance of $1.2 million as of June 30, 2016.

Geibel Catholic has realized a surplus the past three years, even after Capital improvements. The school also upgraded technology with 1:1 computing as well as classrooms of the future. Geibel Catholic has decreased its net asset deficit by over $400,000 these past three years to a net asset deficit balance of $183,831 as of June 30, 2016.

I am sincerely grateful for the prayers and generosity of so many faith-filled people. The miracle of the multiplication of loaves, as proclaimed in the Gospels, tells us that God takes what we give to him and then multiplies it for the good of the Church. May God continue to use the gifts you provide in order to meet the needs of the Church and further our mission to proclaim the Good News to our world.

Thank you for sharing your many God-given gifts and for allowing the face of Jesus to shine through your sacrificial offerings.

Sincerely yours in Christ,

The Most Reverend Edward C. Malesic, JCL
Bishop of the Diocese of Greensburg

 View the full Annual Report, dated July 1, 2015 to June 30, 2016.

View past reports:

 July 1, 2014 to June 30, 2015
 July 1, 2013 to June 30, 2014