February 24, 2020
By John Raby
The net assets of West Virginia’s Catholic Diocese dropped by $4.8 million during a fiscal year that coincided with the resignation of its bishop amid allegations of sexual and financial misconduct, an audit shows.
The Diocese of Wheeling-Charleston released the audit last week spanning the period from June 30, 2018, to June 30, 2019. Net assets totaled $352.3 million, down from $357 million a year earlier, according to the findings made public by current Bishop Mark E. Brennan. Liabilities totaled $70.3 million, up from $65.2 million.
Brennan’s predecessor, Bishop Michael Bransfield, resigned in September 2018 and has denied wrongdoing.
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