UP Catholic 03 10 2017 E Edition Page 15

www.upcatholic.org THE U.P. CATHOLIC DIOCESAN ANNUAL REPORT March 10, 2017 15 DIOCESE OF MARQUETTE STATEMENTS OF ACTIVITIES Year ended October 31 2016 2015 REVENUES UPCSA Campaign contributions $2,080,642 $2,053,064 Investment return designated for current operations 872,273 813,265 Insurance rebate 120,978 507,827 Bequests, donations and grants 774,499 724,559 U.P. Catholic Newspaper 219,184 208,689 Miscellaneous 32,841 14,160 TOTAL REVENUES 4,100,417 4,321,564 EXPENSES Executive and support services 236,307 230,200 Ministry personnel services 744,859 706,201 Spiritual development services 32,138 33,047 Catholic education/formation services 473,558 541,261 Catholic Schools 336,764 334,693 Communication services 390,100 410,424 Judicial services 46,615 40,265 Catholic Charities 329,000 Diocesan donations 143,937 167,283 Financial services 419,431 294,580 Development and UPCSA Campaign 235,683 190,149 Building and grounds 148,400 160,666 Depreciation 151,366 151,394 Capital campaign - parishes and schools 0 15,000 Bad debt expense 0 211,521 TOTAL EXPENSES 3,688,158 3,815,684 Change in net assets before change in investments 412,259 505,880 Investment return less than amounts designated for current operations (669,609) (309,687) CHANGE IN NET ASSETS ($257,350) $196,193 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. "Celebrating our 50th Year!"

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