MASSACHUSETTS
Boston Catholic Insider
When the Boston Archdiocese recently released the 2011 Annual Report and announced financial results for the year, it seems that few people actually looked closely at the report. So in the next few posts, BCI will analyze and report on a number of concerns. A close look at the annual report reveals several significant issues which Cardinal O’Malley and Vicar General Msgr. Deeley may want to pay closer attention to for the future of the archdiocese. Today we focus just on the budget balancing act, specifically i) whether the budget was in fact balanced or not, and ii) the mix of spending. We will share more issues in the next few posts.
Here is the gist of the questions over the “balanced budget.” As we said in this April 2011 post when the annual report budget balancing games were last played, in a balanced budget, revenues equal expenditures. Simple. But, for the Archdiocese of Boston, the report shows that revenues did NOT equal expenditures in 2011, or in 2010 for that matter. So, if revenues did not equal expenses, how can the budget be “balanced”? It all depends on how you define “balanced.” We cannot find anyone who defines a “balanced budget” the same way the Boston Archdiocese does, but if we are missing something, please let us know and we will correct ourselves.
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