PHILADELPHIA (PA)
Philly.com
The Associated Press POSTED: Friday, June 28, 2013
PHILADELPHIA (AP) – The Roman Catholic Archdiocese of Philadelphia says recent improvements to its financial health won’t be reflected in data being released next week. Archbishop Charles Chaput (SHAP’-yoo) says results of the 2012 audit “are serious – and that’s an understatement.”
The information will be released online Wednesday morning. Chaput said Friday that most of the problems stem from bad spending habits, not fraud or the priest sex-abuse scandal. The church had a $6 million deficit in August 2012. The archdiocese got a new chief financial officer in April 2012. The previous CFO is behind bars for embezzling $900,000.
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