Annual Report

We invite you to view/download our 2016 Annual Report (PDF) to the People of the Diocese of Metuchen for the Fiscal Year 2015-2016. 


 A letter from The Most Rev. James F. Checchio, Bishop of Metuchen:

Dear Brothers and Sisters in the Lord,
Pope Francis humbly proclaims the Gospel message through his audiences, addresses and homilies. In April 2013, he was quoted as saying:
“...it is important not to turn in on ourselves, burying our own talent, our spiritual, intellectual and material riches, everything that the Lord has given us; but, rather to open ourselves, to be supportive, to be attentive to others...Life is not given to us to be jealously guarded for ourselves, but is given to us so that we may give it in turn.”
With these inspiring words, our Holy Father captured the essence of Christian stewardship. As disciples, we regard all that we are and all that we possess as gifts and blessings, and realize the need to share these blessings with others for the sake of the Kingdom of God.
By opening your heart in generous support of the Diocese of Metuchen, you share in the ministries of prayer and worship,
education and service, social concerns and works of charity that would not be possible without your financial commitment.
As the recipient of your generosity, the Diocese of Metuchen is responsible for careful management of the gifts you have entrusted to us. It is a responsibility we take very seriously and we are committed to the highest standards of good stewardship and accountability.
The Department of Temporal Affairs is charged with handling the day-to-day financial matters of the diocese as a whole, as well as providing support and services to parishes and diocesan agencies relating to the business aspects of their operations. All diocesan program and office budgets are carefully reviewed to ensure that they reflect the mission of the Church and are making the most prudent use of our financial resources. Our Diocesan Finance Council, whose members include regional business leaders, oversees major financial and budgetary decisions. And each year, the financial statement of the diocese undergoes an audit by an independent public accounting firm.
In addition to providing an overview of our revenue sources and how they were spent, this annual financial report offers a snapshot of how your gift made a difference in advancing the mission of the Church. To learn more about how our local Church brings Christ’s healing and hope to the people in the Diocese of Metuchen, visit our website at www.diometuchen.org.
Finally, I am keenly aware of the sacrifices you make in order to provide generously for the many works which God has placed in the care of the Diocese of Metuchen. You are living witnesses of Christian stewardship and I welcome this opportunity to express my sincere appreciation for your ongoing support.
Gratefully in the Lord,
Most Rev. Paul G. Bootkoski, DD Bishop of Metuchen

Dear Brothers and Sisters in Christ, 

Thank you for your dedication to the spiritual and temporal works of the Diocese of Metuchen. You have been a great inspiration for me during these first months as your bishop. 

Accountability is an important part of the faithful stewardship of the gifts you have entrusted to our care. It is a responsibility that is taken very seriously and involves vigilant oversight and careful review by our diocesan staff and the professional individuals who serve so faithfully on our Diocesan Finance Council. The audited figures presented in this report are offered, not only in the spirit of transparency, but also as an invitation to you to join with me in building up this local Church of Central New Jersey into an even more enduring sign of the Kingdom. 

In reviewing the condensed statement, you will see a decrease in net assets, a deficit, presented on the Statement of Activities and Changes in Net Assets. This deficit is primarily the result of unrealized investment losses and changes in actuarial assumptions, including the interest rate assumption, applied to the Clergy Retirement and Post-Retirement benefit plans. These investment and benefit valuation adjustments are “non-cash” accounting transactions and do unfortunately at times cause large variations in the results. However, they result in no permanent impairment to the Diocese’s financial position. 

You should know that these past months have been dedicated to finding the most effective ways to accomplish our mission. We are assessing every part of our diocesan organization to ensure that the resources you so generously provide are being used wisely and to eliminate the deficits we have experienced in recent years. We must never allow our financial state to keep us from doing what we need to do in the name of Christ. Yes, we have some challenges, but I remain optimistic that by working together, and with the guidance of the Holy Spirit, our pastoral mission will continue to thrive and grow. Thank you for your continued support and be assured of my prayers for you. 

With renewed best wishes, I remain 

Yours in Christ,

Most Reverend James F. Checchio, JCD, MBA
Bishop of Metuchen