Annual Report

We invite you to view/download our 2018 Annual Report (PDF) to the People of the Diocese of Metuchen for the Fiscal Year 2017-2018. 


 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, 

The financial statements presented here reflect the first full year of operating results while serving as your bishop. I am pleased to report that although there are still many challenges ahead, we are making steady progress by being discerning stewards, carefully examining every expense and budgetary decision. It is encouraging to see the early fruits of a collaboration between our episcopal leadership and our Diocesan Finance Council as they share their expertise and offer recommendations for fiscal stability. It is also a blessing to see the good will of so many of our parishioners who are unselfishly willing to sacrifice their time and treasure so that our work of the new evangelization and compassionate outreach to those in need may continue and grow. 

The condensed financial information presented is taken from the annual audit performed by an independent, certified public accounting firm. You will see a large increase in net assets reflecting the gains experienced in the stock market as well as changes in actuarial assumptions, specifically, the interest rate assumption and investment return assumptions applied to the clergy retirement and post retirement benefit plans. These extraordinary gains are not anticipated in the diocesan budget; however, I am pleased to tell you that the underlying day-to-day operations of the diocese and its programs met or exceeded their balanced budget goals. 

We have worked hard to streamline services and expenses this past year with positive results. We have increased revenue thanks to the generosity of our faithful, especially to the Bishop’s Annual Appeal. After two years of deficits, we are now able to make up some of these losses. I remain optimistic that, despite economic challenges, our pastoral, educational, evangelical and charitable mission will thrive and grow as we heed the call to light a fire in the heart of our world. Faithfully committed to responsible stewardship, you can be assured that the resources entrusted to us are being used in the most effective and innovative ways as we carry out Jesus’ mandate to “Go and make disciples.” 

I thank God for you and your continued support of the Diocese of Metuchen. I am confident that God in His Mercy is with us, and for us, and will assist us on the road forward, building up this portion of our Church into an even more enduring sign of the Kingdom. Know of my love, gratitude and prayers, while I ask for your ongoing prayers and faithful support. 

With renewed best wishes, I remain

Yours in Christ,

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