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 May 19, 2014   •   VOL. 52, NO. 10   •   Oakland, CA
Other front page stories
 
Leader named for diocesan evangelization, faith formation
 
Teachers' contract asks conformity
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Bishop Barber discusses
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St. Joachim girl meets,
blessed by Pope Francis
Diocese distributes financial report
noting sound condition, transparency
 

The Diocese of Oakland is widely distributing a detailed financial report of its operations in advance of launching a $65 million Capital Campaign later this year.

While the diocese has always published its annual financial statement on the diocesan website, this year it is publishing an annotated version in both this issue of The Catholic Voice and the June issue of the Spanish-language El Heraldo Católico. Extra copies of the financial report will be disseminated to clergy for use in parishes. The report will also be available online on the Voice, Heraldo and diocesan websites.

The wider notice is a first step in a bid for greater transparency.

"The diocese is in sound financial condition," Bishop Michael C. Barber, SJ, wrote in a letter to East Bay Catholics. "I am committed to being open and transparent as we move forward together to address the financial challenges we share."

"Our Lord and savior expects us to be accountable, prudent and transparent in how we use the gifts entrusted to us by the generous parishioners who fund the many ministries and programs of the Church. These ministries are essential if we are to fulfill the mission Jesus gave the Apostles and to all of us."

"Everything we have is a gift of love from God," Bishop Barber said in an earlier interview, noting even a faith community has a need for capital.

Combined revenue for the diocese in 2012 was $238 million, including income from schools, parishes, cemeteries, Catholic Charities of the East Bay and the Cathedral of Christ the Light, against expenses of $234 million. Audited results for 2013 are not yet available.

 
See it online
Financial report
www.oakdiocese.org
 
The diocese does have needs: Earlier debts incurred rehabilitating cemeteries, capital projects at schools and parishes, debt on the Cathedral Center and more; and financing new capital projects and ministries.

Meetings with the bishop and major donors have already begun. Pledges for more than $3 million have already been given through the efforts of the bishop during the "quiet phase" of the campaign, said Kenneth J. Hokenson, executive director of the Office for Mission Advancement.

The parish phase of the Capital Campaign will kick off in half the parishes in late summer; the other half in 2015.

Four parishes with significant local needs requested to conduct a combined campaign, aimed at addressing both the diocesan and parish needs within one campaign effort.

Each block, or one half, of the parishes is expected to raise about $25 million. The balance should come from major donors.

The annual Bishop's Appeal will be on hiatus in 2015, its effort included in the Capital Campaign for that year. It will return in 2016.

The theme of the Capital Campaign is: Reclaiming Christ's Mission Together.

The focus of the Capital Campaign and Bishop's Appeal is different. The Capital Campaign is designed to address needs that go beyond the annual appeal, which raises about $2.5 million. The Capital Campaign will allow the diocese to move forward in several ministries with great impact on the community, and make a huge impact on the overall diocesan debt.

A committee of a dozen priests from geographically diverse areas of the diocese is advising the bishop on the conduct of the campaign. The fundraising firm, Guidance in Giving Inc., which has assisted with the annual diocesan Bishop's Appeal since 2010, is assisting the Office for Mission Advancement, the diocese's fundraising arm.

Hokenson said the diocesan staff and Guidance in Giving look forward to working with all pastors, parish staffs and parishioners during the campaign.

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