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Thursday, December 1, 2022

Diocese closes its 2011-2012 fiscal year with surplus

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Suzanne Hammons
Suzanne Hammonshttp://dioceseofgallup.org
Suzanne Hammons is the editor of the Voice of the Southwest and the media coordinator for the Diocese of Gallup. A graduate of Benedictine College in Kansas, she joined the Diocesan staff in 2012.

The Diocese of Gallup finished with a budget surplus in 2012, according to a financial audit conducted by Griesmeyer & Associates, Inc. Griesmeyer, an accounting firm which serves non-profit organizations including museums, religious institutions, and health care facilities, looked at financial statements from the Diocese for the financial year running from July 1, 2011 to June 30, 2012. Out of $2,733,309 in revenues and $2,622,694 in expenses, the Diocese finished with a 4% total budget surplus.

The $2,622,692 in expenses was divided into the following categories:

  • $708,799 for allocations, or 27% of the budget
  • $233,201 for occupancy, or 9%
  • $123,225 for operations, or 5%
  • $124,025 for professional fees, or 5%
  • $84,590 for seminary, or 3%
  • $1,085,306 for personnel, or 41%
  • $263,548 for various miscellaneous expenses, or 10%

 

chart

 

The $2,733,309 in revenues was divided into the following categories:

  • $370,303 from assessment, or 14% of revenues
  • $2,321,524 from donations and grants, or 85%
  • $41,482 from various other sources, or 2%

chart-revenues

 

The final surplus for the year came to $116,615, or 4% of the total budget.

Bishop Wall has released an official statement accompanying the audit results, which reads:

“Dear Brothers and Sisters in Christ:

In celebrating the Year of Faith, we should take the opportunity to renew our commitment to live as followers of Christ.  It is often easy to lose sight of this spiritual dimension when we are so bombarded with temporal anxieties.  While our national financial outlook seems to be improving, we have all been affected by the economic events of the past several years.  Unstable housing markets and unemployment have had a significant impact on our communities.  The Church is no exception since we also struggle with the cost of normal operations such as providing health care for our priests, education for our seminarians, and maintenance of our infrastructure.

It is within this context that I am pleased to present to you a summary of the financial condition of the Diocese of Gallup for our fiscal year 2012.  As you can see from the accompanying charts and figures, which are derived from the audited financial statements by Griesmeyer and Associates, the diocesan resources have been managed in a prudent and conscientious manner. I pledge to all the people of the Diocese of Gallup that this responsible management will remain a priority for finances at both the diocesan and parish levels. I thank all of you for your generous support for our local church and I extend my blessing to you during this Year of Faith.

Yours in Christ,

The Most Rev. James S. Wall
Bishop of Gallup”

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