MINNESOTA
Fox 9
by Mike Durkin
ST. PAUL, Minn. (KMSP) –
The Archdiocese of St. Paul and Minneapolis on Thursday released a detailed financial report for the first time — a change of course from the simple financial summaries released in the past.
The archdiocese statements show $8,813,492 was spent in the past 10 years on sexual abuse settlements, victim counseling and support, legal services and living expenses for credibly-accused priests.
“We are doing this because we are accountable to the people we serve,” Bishop Le Piche wrote in The Catholic Spirit newsletter.
Financial statements for the 2013 fiscal year show losses from unknown sexual abuse lawsuits “could be substantial,” and “claims can go back to a time period in which insurance may not have been available or coverage limits were minimal.”
To cover future settlements, the archdiocese reserved money that contributed to a $3.9 million deficit in the last fiscal year. Despite those losses, the archdiocese believes its financial footing remains solid.
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