GUAM
Pacific Daily News
Written by
Gaynor Dumat-ol Daleno
Pacific Daily News
Guam’s Catholic Church yesterday made an unprecedented disclosure of its finances, two months after its leadership was publicly challenged to release the information.
“It is the expressed position of the archdiocese to be transparent in its financial management to the faithful in the (Archdiocese of Agana),” the archdiocese stated yesterday.
Other Catholic churches in the nation already have publicly disclosed their finances, at the urging of the Vatican.
The archdiocese publicly disclosed that it had assets of $177 million at the end of June last year. The bulk of its assets involved land, valued at $97.8 million.
Its buildings, plant and equipment were valued at $66 million, the archdiocese’s disclosure states.
Out of $26 million in revenues for the year, ending in June 2013, the biggest source was from tuition and fees from its schools, totaling $17 million.
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