| Highlights of the Archdiocese's financial data | |
| • The audit, which covered the 2004 and 2005 fiscal years, shows a $46.3 million deficit, despite assets of nearly $330 million. Most of that money is restricted or earmarked for specific purposes.
• The biggest financial problem detailed in the audit is a $135 million shortfall in the clergy pension fund. • The archdiocese spent a total of $150.8 million through June 30, 2005 on abuse-related costs, of which $127.4 million was for settlements. • Annual appeal donations that totaled $15.5 million in 2001 dropped to $11.6 million in 2005, according to the audit. The archdiocese has been selling property to help cover costs. |
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