UP Catholic 03 04 2016 E Edition Page 14

14 March 4, 2016 THE U.P. CATHOLIC DIOCESAN ANNUAL REPORT www.upcatholic.org FREE ESTIMATES Highest Quality at a Real Value 906-361-3733 www.uppainters.com uppainters@gmail.com Residential Commercial Custom Building Remodeling We are proud to have served as a General Contractor in the past and We look forward to helping the Catholic Diocese of Marquette build for the future! 1 Arrowhead Dr. (906) 249-8390 Financial Statements * The financial statements of the Diocese of Marquette and the Endowment Foundation of the Diocese of Marquette are audited by the independent accounting firm of Makela, Toutant, Hill & Nardi, P.C. For the complete financial state- ments, please write to: Diocese of Marquette, Attention: Director of Finance, 1004 Harbor Hills Dr., Marquette, MI 49855 The statements are also available online at www.dio- ceseofmarquette.org/finance The diocesan website at www.dioceseofmarquette.org offers a variety of information M A R Q U E T T E DRESSELER MECHANICAL INC. 2051 ENTERPRISE STREET MARQUETTE, MICHIGAN 49855 Phone (906) 226-2565 Actively involved with bringing parish communities like yours into the future. ROMAN CATHOLIC DIOCESE OF MARQUETTE STATEMENTS OF FINANCIAL POSITION Year Ended October 31 2015 2014 ASSETS Cash and cash equivalents $1,024,099 $216,403 Investments 23,844,241 23,975,347 Pledges receivable, net 1,288,072 1,373,706 Accounts and notes receivable, net 792,715 748,646 Other assets 7,664 3,513 Land, buildings, and equipment, net 2,304,854 2,422,828 TOTAL ASSETS $29,261,645 $28,740,443 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable and accrued expenses $389,649 $425,917 Annuities payable 112,112 153,185 Amounts payable to parishes 15,496 115,683 Other liabilities 23,796 22,182 Note payable 500,923 TOTAL LIABILITIES 1,041,976 716,967 NET ASSETS Unrestricted: Designated 10,085,609 10,447,945 Undesignated 11,740,841 11,192,823 Net investment in land, buildings, & equipment 2,304,854 2,422,828 TOTAL UNRESTRICTED NET ASSETS 24,131,304 24,063,596 Temporarily restricted 2,869,925 2,895,755 Permanently restricted 1,218,440 1,064,125 TOTAL NET ASSETS 28,219,669 28,023,476 TOTAL LIABILITIES AND NET ASSETS $29,261,645 $28,740,443 Financial statements available online www.dioceseofmarquette.org/ finance

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