The Finance Office of the Diocese of Sioux Falls is again pleased to present the annual report to the people of the diocese.
The year ended June 30, 2019, was an active year for programs and ministry throughout the Diocese of Sioux Falls. The fiscal year was strong financially, with net revenue from operations of $762,342. Including contributions of $215,465 toward the completion of the Adoration Sisters Monastery, net revenue totaled $977,807.
While contributions were slightly below forecast, operating expenses were also below what was anticipated.
The Catholic Family Sharing Appeal increased slightly and it continues to be the primary source of revenue for programs and ministries offered through the diocese.
Endowment and other revenue provided by the Catholic Community Foundation for Eastern South Dakota also provides significant funding. Program and other revenue is an additional source of operating revenue.
Total assets of the Catholic Chancery Office grew by almost $800,000 to $15.5 million, up from $14.7 million as cash and investments improved from the previous year. Accounts receivable and equity in insurance programs also increased.
What the numbers represent is what they make possible in terms of ministries—including the ministry of the bishop, the Office of Marriage, Family and Respect Life, Catholic Family Services, the various communication efforts, seminarian education and much more.
“We are blessed with generous donors, good stewardship of these gifts, and effective ministries seeking to bring Jesus Christ to all,” said Bishop Paul Swain.
A copy of the audited financial statements is available through the Financial Administration Office of the Catholic Chancery Office.