| ANALYSIS OF DIOCESE OF ROCKVILLE CENTRE
"FREE CASH RESERVES" AS OF 8/31/03 |
|
|
| (Amounts Are In Thousands) |
|
|
ADMIN |
CATH. |
SELF INS. |
MED. INS |
CATH. |
|
OTHER |
GRAND |
| ITEM |
OFFICE |
CHAR. |
PROGRM |
FUND |
CEMETER |
TOTAL |
ENTITIES |
TOTAL |
|
| Cash and marketable securities |
322422 |
20461 |
76298 |
17574 |
91054 |
527809 |
10218 |
538027 |
|
| Less: |
|
| Deposit and loan acct. liability |
-258256 |
0 |
0 |
0 |
0 |
-258256 |
|
-258256 |
| Restricted net assets/invests. |
-10671 |
-1481 |
-7440 |
0 |
-46404 |
-65996 |
-2435 |
-68431 |
|
| Unrestricted
cash and |
|
| marketable securities |
53495 |
18980 |
68858 |
17574 |
44650 |
203557 |
7783 |
211340 |
|
| Unrestricted net assets |
70075 |
24165 |
52484 |
4578 |
53561 |
204863 |
9186 |
214049 |
|
| "Free
cash reserves" = The |
|
| lesser of above two amounts |
53495 |
18980 |
52484 |
4578 |
44650 |
174187 |
5898 |
180085 |
|
| "Undesignated" portion |
-761 |
4194 |
0 |
0 |
10056 |
13489 |
3001 |
16490 |
| Designated for future use |
54256 |
14786 |
52484 |
4578 |
34594 |
160698 |
2897 |
163595 |
| Total "free cash reserves" |
53495 |
18980 |
52484 |
4578 |
44650 |
174187 |
5898 |
180085 |
|
| NOTE
1---In some cases, restricted net assets are treated as restricted
investments or as a |
|
| liability
related to a restricted investment rather than as a restricted net
asset on the statements |
|
| of financial condition |
|
|
| NOTE
2---The amount reflected as unrestricted net assets of the Protected
Self Insurance Program |
|
| excludes
the Uninsured Perils Fund of $10.9 million |
|
|
| NOTE:
The only entities included in the "TOTAL" column are those
material entities for which financial |
|
| statements
were published by the Diocese and such financial statements disclosed
unrestricted |
|
| net
assets of at least $4 million. Notable
entities not included were the Catholic Health System |
|
| (financials
not published) and the parishes.
However, there may be others that should be included |
|
| but
weren't due to non-publication of their financial statements. |
|
|
| NOTE
4---"Other Entities" consist of Telecare, Catholic Press
Association, St. John Baptist and Trinity H.S. |
|
| Seminary
of the Immaculate Conception, Mission Office and Diocesan Service,
Inc. |
|
| These
entities were added as a group to derive the Grand Total after the
Total was derived by adding only the |
|
| larger
entities noted in Note 3 (more than $4 million of unrestricted net
assets. |
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