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¥
^ v *
v
$
exhibit m
administrative
offices of the archdiocese of atlanta
atlanta, georgia
exhibit b
parative
balance sheet-fund basis
ASSETS
CURRENT FUNDS:
Cash in Banks
Marketable Securities and Certificates
of Deposit (Market Value $360,140 June 30, 1972
and $279,776 June 30, 1971) (Note 1)
Accounts and Accrued Interest Receivable
Prepaid Expenses
Unamortized Debt Expense
Other Assets
Due From Other Funds - Net
Total Current Funds
ENDOWMENT AND SIMILAR FUNDS:
Cash in Banks
Marketable Securities and Certificates of Deposit
(Market Value $520,647 June 30, 1972 and $632,004
June 30, 1971) (Note 1)
Due From Other Funds - Net
Total Endowment and Similar Funds
PLANT FUNDS:
Note Receivable (Note 2)
Land, Buildings and Equipment (Pledged in Part to
Secure Notes and Mortgages Payable) (Notes 1
and 5)
Other Assets
Total Plant Funds
LOAN FUNDS (NOTE 6):
Due From Parishes
JUNE
JUNE
30,
30,
1972
1971
$ 168,623
$ 104,041
295,903
214,114
32,029
36,071
11,450
15,930
2,164
2,947
545
2,885
$ 513,599
$ 373,103
$
38,857
$
34,113
449,302
581,263
499,936
326,185
$
988,095
941,561
$
416
,448
$
520,
,560
6,
, 145
,234
6,
,065.
,401
1
,075
$6
,562
,757
$6
Ln
00
Ui
,961
$5:
, 224
, 022
$5
,244
,690
Total Loan Funds
CUSTODIAN FUNDS:
Cash In Banks
Marketable Securities and Certificates of Deposit
(Market Value $273,027 June 30, 1972 and $301,759
June 30, 1971 (Note 1)
Due From Other Funds
Total Custodian Funds
See accompanying Notes To Financial Statements.
$5,224,022
$5,244,690
$ 500
$ 920
263,139
251,029
547
577
$ 264,186
$ 252,526
LIABILITIES AND FUND BALANCES
CURRENT FUNDS:
Demand Note Payable
$
JUNE
30,
1972
99,870
$
JUNE
30,
1971
93,000
Accounts Payable and Accrued Items
3,208
7,747
Deferred Revenue
35,087
15,592
Due To Other Funds - Net
78,505
Fund Balance (Exhibit B)
375,434
178.259
Total Current Funds
513,599
?
373.103
ENDOWMENT AND SIMILAR FUNDS
Fund Balances (Exhibit B)
988,095
941.561
Total Endowment and Similar Funds
$ 988.095
$ 941.561
PLANT FUNDS:
Notes and Mortgages Payable (Note 5)
$ 282.911
$ 202,553
Due To Other Funds - Net
$ 265,221
$ 200.570
Fund Balances (Exhibit B):
Unexpended Funds
$ 442,302
$ 609,990
Equity in Property
5.572.323
5.572,848
Total Fund Balances
$6,014,625
$6,182,838
Total Plant Funds
$6,562,757
$6,585,961
LOAN FUNDS (NOTE 6):
Demand Notes Payable (Note 5)
$ 750,935
$ 858,888
Notes and Mortgages Payable (Note 5)
4,148,670
4,225,188
Accrued Interest
86,270
88,940
Due To Parishes
23,987
Due To Other Funds
238. 147
47.687
Total Loan Funds
$5, 224,022
$5,244,690
CUSTODIAN FUNDS:
Funds Owed To Others:
Special Collections
$ 547
$ 612
Other:
For Parishes
234,956
224,343
For Others
28,683
27,571
Total Custodian Funds
$ 264.186
$ 252.526
statement of changes in fund balances
for the year ended
Balance, June 30, 1971
Additions:
Current Funds Revenues - Exhibit C
Proceeds from Sale of Plant Assets
Restricted Income:
Gifts
' Interest on Savings Accounts
Investment Income
Distribution from Trust Funds
Gain on Sale of Investments
Retirement of Plant Fund Indebtedness
Purchase of Land, Buildings and Equipment
Income Earned for Current Fund
Transfer from Plant Fund
Deductions:
Current Fund Expenses - Exhibit C
Distributions to Beneficiaries
Income Applicable to Current Fund
Disposal of Land, Buildings and Equipment
Funds Expended:
Purchase of Land, Buildings and Equipment
Retirement of Plant Fund Indebtedness
Transfer to Current Fund
Balance, June 30, 1972
jane 30, 1972
CURRENT
FUNDS
ENDOWMENT
AND
SIMILAR
FUNDS
PLANT
FUNDS
TOTAL
$178,259
$941,561
$6,182,838
$7,302,658
975,132
173,135
975,132
173,135
10
9,000
9,010
928
928
9,099
9,099
33,525
33,525
12,293
68,990
12,293
68,990
331,196
331,196
26,097
26,097
98,985
98,985
(876,942)
(9,321)
(26,097)
(251,363)
(876,942)
(9,321)
(26,097)
(251,363)
(331,196)
(68,990)
(98.985)
(331,196)
(68,990)
(98,985)
£375^34
$988,095
$6,014,625
$7,378,154
exhibit c
See accompanyi ig Notes to Financial Statements.
current fund
comparative statement of revenues and expenses
FOR THE YEAR ENDED
JUNE JUNE
30, 30,
1972 1971
REVENUES:
From Parishes and Missions:
Contributions:
Charity and Development
Dependent Children
Seminary
Assessments:
Administrative
High Schools
General
Total
Other Contributions:
From Mission Boards and Commissions
Other
Total
Current Fund Income Earned by Endowment
and Similar Funds:
Charity and Education
Seminary
High School
Total
Investment Income
$ 53,319
$ 28,064
Rental Income
45,317
40,850
Other Revenues
14.474
9.015
TOTAL REVENUES $975.132 $958.263
EXPENSES:
Archdiocesan Administration:
Payroll and Related Expenses
$ 48,835
$ 49,548
Priests Retirement
25,000
25,000
Office Rent
52,080
52,080
Legal and Accounting
21,637
11,176
Interest
15,782
23,914
Other
69,784
54,769
Pastoral
65,182
61,430
Education:
Seminary
51,467
49,352
Department of Education
316,135*
296,117
Social Services:
Dependent Children
102,792
102,970
Other Agencies
77,856
74,422
Auxiliary Services - Newspaper - Net
30.392
10,893
TOTAL EXPENSES
$876,942
$811,671
EXCESS OF REVENUES
$ 98.190
$146,592
$252,989
61‘, 729
11,032
$252,772
57,375
9,462
88,421
201,753.
119.850
81,945
208,055
124.944
$735,774
$734,553
$ 85,000
15,151
$ 85,000
25,793
$100,151
$110,793
$ 4,853
7,044
14.200
$ 9,730
8,312
16.946
26.097 $ 34.988
See accompanying Notes to Financial Statements.
His Excellency,
The Most Reverend
Thomas A. Donnellan
Archbishop of Atlanta
Atlanta, Georgia
We have examined the accompanying Balance Sheet (see Note 1 as to basis
of preparation of the financial statements) of the Administrative Offices of the
Archdiocese of Atlanta as at June 30, 1972 and the related Statements of Changes
in Fund Balances and Revenues and Expenses of the Current Fund for the year then
ended. Our examination was made in accordance with generally accepted auditing
standards and, accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
As explained in Note 1 to financial statements, Land, Buildings and
Equipment acquired on or before June 1, 1963, are stated at amounts derived from
insurance values and land appraisals as of that date. Subsequent additions are
recorded at cost.
In our opinion, the aforementioned financial statements present fairly
the financial position of the Administrative Offices of the Archdiocese of Atlanta
at June 30, 1972 and the fund transactions for the year then ended, in conformity
with generally accepted accounting principles applied on a basis consistent with
that of the preceding year.
Atlanta, Georgia
August 26, 1972 (except for Note 7,
as to which the date is
October 17, 1972)