Financial Report 2019 Brothers and Sisters in Christ: I am pleased to continue the practice of sharing with you the annual financial report for our diocese here in the Bayou Catholic. Again this year, we are publishing an accounting of the financial operations of the diocese, which are taken directly from the Audits of Consolidated Financial Statements of the Central Administrative Offices of the Roman Catholic Diocese of Houma-Thibodaux, offices and institutions – fiscal year July 1, 2018, to June 30, 2019. These are independently audited financial statements, performed again this past year by LaPorte CPAs & Business Advisors. The report indicates that our current financial position is stable, continuing a positive trend with proper controls in place to effectively monitor, manage and report on the financial health of our diocese. In the opinion of the auditor, our financial statements “present fairly our financial position, change in net assets and cash flows for the years ended in accordance with accounting principles generally accepted in the United States of America.” This particular report is just one element of the accountability and transparency that the diocese strives to practice on a continuing basis. Whether it be the construction of our operating budget, monitoring our progress and/or properly controlling our expenses, I would like to assure each of you that our diocesan staff is committed to the most ethical and prudent fiscal management of the resources to which you have entrusted us. I ask for God’s blessing on each of you in this Lenten season, and once again thank you for your continued and generous support of our Diocese of Houma-Thibodaux. Respectfully submitted,
Jon J. Toups Chief Operating & Financial Officer Diocese of Houma-Thibodaux
March 2020 • Diocese of Houma-Thibodaux • Bayou Catholic • 45
