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Accountability Sunday set for December 4 November 30, 2022

BRIDGEPORT— Accountability Sunday is set for December 4, across the diocese. All diocesan parishes, schools and certain entities across the diocese will simultaneously issue their financial reports to the faithful using a standardized accounting reporting model.

Bishop Frank J. Caggiano instituted Accountability Sunday last year to ensure financial transparency, communicate to all parishioners and donors that good stewardship is being practiced, and provide a standard report that is consistent and straightforward.

Michael Hanlon, CPA, chief financial officer of the diocese, said that in order to ensure uniformity and consistency in reporting, the diocese has created a standardized template that will now be used by all parishes and schools. Every entity is required to report annually the results of their financial activities for the fiscal year ending June 30.

The individual reports will be made accessible either via parish bulletin or parish websites, school websites and the diocesan websites.

“We had a very positive response last year,” said Hanlon. “People told us they appreciated the transparency and uniformity in reporting. This hopefully allows everyone a simple method to understand the financial conditions of reporting diocesan entities. I believe it’s a way to show our gratitude and respect for those who give sacrificially to support their parish or other entities and the larger work of the Church.”

Hanlon said that the Accountability Sunday financial statements are designed to be accessible so that the average person in the pew who may not have experience reading financial reports could understand the financial details. He added that the reports may show that without other revenue sources, including fundraising activities undertaken by parishes and schools, many would report operational deficits.

The Diocese of Bridgeport publishes its yearly budget and Consolidated Financial Statements in Fairfield County Catholic and on its website.

View the diocesan reports:

2022
2022 Accountability Sunday – Diocesan Operations
2022 Accountability Sunday – Cemetery Operations

Also visit: www.bridgeportdiocese.org/finance-services

Members of the Diocesan Finance Council

.
Most Reverend Frank J. Caggiano
Bishop of Bridgeport

Msgr. Thomas Powers
Vicar General, Diocese of Bridgeport

Mr. Michael Hanlon, CPA
Chief Financial Officer, Diocese of Bridgeport

Deacon Patrick Toole
Episcopal Delegate for Administration, Diocese of Bridgeport

Ms. Anne McCrory
Chief Legal & Real Estate Officer, Diocese of Bridgeport

Mr. William H. Besgen
Retired Vice Chairman, President, and Board Director, Hitachi Capital America Corporation
Term: January 1, 2019 – January 1, 2024

Ms. Cathy Bradley
Retired, President of Spoken Communications
Term: January 1, 2020 – January 1, 2025

Ms. Mary Jo Dyer
Managing Director, Merritt Capital Investment Advisors, LLC
Term: January 1, 2020 – January 1, 2025

Mr. Michael F. Hoben
Retired CEO, Benefit Capital Management Corporation
Term: January 1, 2019 – January 1, 2024

Mr. Michael O’Rourke
Senior Vice President, Oppenheimer & Co., Inc.
Term: January 1, 2019 – January 1, 2024

Mr. Arthur Rhatigan
Senior Vice President/CorporateTeam Lead, Bank United
Term: January 1, 2019 – January 1, 2024

Mr. Joseph D. Roxe
Chairman, Bayholdings LLC and Chairman, The Roxe Foundation
Term: January 1, 2019 – January 1, 2024

Mr. Robert Salandra
Managing Director, G.E. Energy Financial Services
Term: January 1, 2019 – January 1, 2024

Mr. J. Howard Steckler
Retired Managing Director of Insurance Tax at Ernest and Young LLP
Term: January 1, 2020 – January 1, 2025

Mr. Kenneth G. Thompson
President and CEO, TD Private Client Services, LLC
Term: January 1, 2020 – January 1, 2025

Mr. James G. Woods
Managing Member, Venman & Co. LLC
Term: January 1, 2019 – January 1, 2024

Mr. Brian Young
General Partner, EOS Partners
Term: January 1, 2019 – January 1, 2024

Mr. Michael Zampardi
Managing Partner, Columbia Advisor
Term: January 1, 2019 – January 1, 2024

 

Audit Committee

Mr. James G. Woods — Chair
Managing Member, Venman & Co. LLC

Mr. Michael F. Hoben
Retired CEO, Benefit Capital Management Corporation

Mr. Brian Young
General Partner, EOS Partners

 

Compensation Committee

Mr. James G. Woods — Chair
Managing Member, Venman & Co. LLC

Mr. Arthur Rhatigan
Senior Vice President/CorporateTeam Lead, Bank United