Each year the Diocese invoices all its parishes for a variety of things and these invoices are commonly referred to as the "Diocesan Bill". They are for a set of fixed expenses which have not varied very much from year to year. The largest two of these bills for our Parish are insurance and an assessment known as the Cathidraticum.
The insurance our Parish pays each year covers property and liability as well as the heating equipment in our various buildings. It is invoiced to us in those three categories. The insurance billed to the Parish last year totalled $25,377 and has been budgeted for a 1% increase this year.
The Cathidraticum s a 7.5% assessment on the previous year's Offertory Collections and is collected by the Diocese as a way to pay for its operation. It is billed quarterly. Last year's bills for our Parish totalled $23,182. This year they are expected to total $21,066, indicating a drop in Offertory Collections between 2013 and 2014.
The next largest expense is not actually part of the Diocesan Billing but is included with it for reporting. That is the annual Health Care Premium for our pastor. In FY-2014 that bill totalled $10,167. The invoice for FY-2015 was received in September and totals $11,300.
The remaining items billed by the Diocese are not individually significant but they total to $8,285. Last year those billings were for:
Catholic School Assessment: $1,750, Priests Retirement Fund: $3,250, Priests Long Term Care Fund: $1,375, Workers Comp. Insurance: $1,908. They are epected to remain the same for FY-2015.
For FY-2014 the total billing was $67,011. For the current year the total is expected to be $66,300.
The Value Of Insurance -
In 2012 lightning struck St. Joseph's Church causing damage that cost over $21,000 to repair. The Diocesan insurance covered the entire expense. The claim was paid in a timely manner whch then allowed the Parish to pay the bill for the repairs promptly. No Parish funds were required to pay for any part of the repairs.