UP Catholic 03 10 2017 E Edition Page 14

14 March 10, 2017 THE U.P. CATHOLIC DIOCESAN ANNUAL REPORT www.upcatholic.org 802 South Lake Street Marquette, MI 49855 906-228-7450 1-800-894-0088 lakesuperiorpress@chartermi.net Design Print Mail (Need we say more?) PROFESSIONAL SERVICES PROVIDED ON A TIMELY BASIS 710 Chippewa Square Suite 105 Marquette, MI 49855 906-228-8080 906-228-7575 FAX bartb@chartermi.net BARTKOWIAKACCOUNTING.COM * The financial statements of the Diocese of Marquette are audited by the independent accounting firm of Makela, Toutant, Hill & Nardi, P.C. For the complete financial statements, 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.dioceseofmarquette.org/finance St. Michael, come with legions of holy angels to occupy and surround our homes, our property and what- ever place we may be. Surround us with your heavenly protection and drive far from us Satan and every evil spirit, interference, or influence. Free us from every curse and bondage along with their effects, we humbly pray. May St. Gabriel give us the strength of God and St. Raphael heal our woundedness. All you angels of God, under your heavenly Queen help us, defend us, and rescue us from the snares of satan. Amen Holy Angels, come to our aid. DIOCESE OF MARQUETTE STATEMENTS OF FINANCIAL POSITION October 31 2016 2015 ASSETS Cash and cash equivalents $1,306,649 $1,024,099 Investments 23,577,388 23,844,241 Pledges receivable, net 1,157,030 1,288,072 Accounts and notes receivable, net 677,285 792,715 Other assets 22,826 7,664 Land, buildings and equipment, net 2,216,638 2,304,854 TOTAL ASSETS $28,957,816 $29,261,645 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable and accrued expenses $410,955 $389,649 Annuities payable 77,284 112,112 Amounts payable to parishes 0 15,496 Other Liabilities 23,745 23,796 Note payable 483,513 500,923 TOTAL LIABILITIES 995,497 1,041,976 NET ASSETS Unrestricted: Designated 10,016,980 10,085,609 Undesignated 11,197,522 11,740,841 Net Investment in land, buildings & equipment 2,216,638 2,304,854 TOTAL UNRESTRICTED 23,431,140 24,131,304 Temporarily Restricted 2,826,649 2,869,925 Permanently Restricted 1,704,530 1,218,440 TOTAL NET ASSETS 27,962,319 28,219,669 TOTAL LIABILITIES AND NET ASSETS $28,957,816 $29,261,645 Prayer for the Cause of Sainthood O God, thank you for the life and holiness of your servant, Frederic Baraga. I pray you will honor him by the title of Saint. He dedicated himself completely to missionary activity to make you known, loved and served by the people who you love. As a man of peace and love Baraga brought peace and love wherever he traveled. Lord, grant Venerable Bishop Baraga the grace of beati- fication. We ask this in Christ name. Amen.

Previous Page
Next Page