​​​​​​​​​6.1.1 Archdiocesan Financial Services Group

​​​​​The archdiocesan Financial Services Group (which includes the Office of the Chief Financial Officer, the Accounting Department, the Cons​​truction Department,​ Applied Technology, the Insurance ​Department, and the Real Estate Department, as well the Operations and Mail/Purchasing departments of the Archdiocesan Catholic Center) oversees financial matters in the archdiocese under the ultimate authority of the archbishop, the moderator of the curia, the archdiocesan Finance Council, and the chief financial officer.​ It serves as the principal resource for locations on financial matters.

6.1.1.1. Archdiocesan Catholic Center Operations

The operations of the Archdiocesan Catholic Center (ACC) are reflected in annual audited financial statements of the administrative and regional offices, archdiocesan cemeteries, and the Archdiocese of Los Angeles RIsk Management Corporation, all of which are fiscally responsible to the archbishop. The day-to-day operations of the ACC are financed from assessments obtained from the parishes and revenues from cemetery operations, gifts, assets, rents, and royalties.

These revenues are used by the Administrative Office for:

• Programs, ministries, and needs of the archdiocese

• Coordinated administration of payroll, employee benefit, insurance, and pe​nsion plans

• The Investm​ent Portfolio  

• Comm​unications, evangeli​zation, community relations, constru​ction, real es​tate, legal matters, and financial matters

• Support for the archbishop and the Office of t​he Archbishop
  

• Coordination of the presence of the archdiocese in the California Catholic Conference and the United States Conference of Catholic Bishops

Additionally, the ACC bills locations for:

• Allocated insurance premiums​ (property, liability, automobile, worker​s' compensation and employers' liability, employment practices liability insurance, directors' and officers' coverage, crime insurance, fiduciary liability, fine arts insurance, and cyber liability)

• Direct charges for priest pensions and lay employee pensions 

• Fingerprinting
  

• Asbestos inspections

• Other specific items
  

Some charges are billed monthly; others are billed on the applicable designated schedules. Other billings are based on appraised values using actuarial industry standards. The ACC also distributes property tax bills to the locations for direct payment to the taxing authorities.​

​6-1-21