Finance

For this year’s Annual Diocesan Convention, January 27-28, 2017, Diocesan CFO Paul Shackford prepared a detailed presentation of the proposed 2017 diocesan budget in the form of six brief videos that can be viewed online (below). The complete presentation is included in the booklet entitled 2017 Budget for the Diocese of Newark together with additional information, and which was mailed to all deputies.

It is recommended that deputies view the video presentation prior to Convention.

The Diocesan Investment Trust is the investment vehicle for all funds overseen by the Trustees of the Diocese, and is available to churches that wish to invest in a low-cost option. Currently the DIT has over $56 million of investments, the highest amount it has ever held.

The 2017 budget process will follow the same process adopted by Diocesan Council for use in preparing previous budgets. This process more easily allows individuals and organizations to request funding as part of the 2017 Budget. Funding requests for 2017 are due by September 14, 2016.

This procedure provides: