Disclosure of Financial Statements of the Archdiocese of Agana

Roman Catholic Archdiocese of Agana
September 25, 2014

http://www.aganaarch.org/7965/disclosure-of-financial-statements-of-the-archdiocese-of-agana/

The financial statements and the independent accountants’ review report of Deloitte & Touche LLP for Fiscal Year ended June 30, 2012, of the Archdiocese of Agana (AOA) are now disclosed on our website.

The review report of Deloitte & Touche includes 26 Parishes, 9 Catholic Schools, and the Chancery Office under the Archdiocese of Agana. Not included in the review report are the following organizations: Catholic Social Service, Catholic Cemeteries of Guam, Inc., and Redemptoris Mater Archdiocesan Missionary Seminary of Guam. The financials of these organizations will be disclosed separately in their particular websites.

Also disclosed in the website are the internally-prepared financial statements of the AOA for Fiscal Year ended June 30, 2013.

The AOA is continuously working to improve its fiscal management. The AOA plans to hire an independent CPA firm to conduct annual financial reviews beginning with the fiscal year just ended June 30, 2014, and to have these financial reviews disclosed to the public as soon as they become available.

It is the expressed position of the Archdiocese to be transparent in its financial management to the faithful in the AOA. Thank you for your continued support toward our efforts.

Statement of Activities Year ended June 30, 2012