According to Bishop Frank Caggiano’s directive issued in November 29, 2021, every parish and diocesan school is required to report annually the results of their financial activities for the fiscal year ending June 30. In order for uniformity and consistency in reporting, the diocesan Finance Office has created a standardized template that is used by all parishes and diocesan schools throughout the Diocese of Bridgeport.
Bishop Caggiano had also determined that the first Sunday of December every year will be known as “Accountability Sunday.” On that day, this reporting will occur, and every parish and school, as well as the Diocese and its related entities will publish their annual financial reports simultaneously.
In short, the purpose of “Accountability Sunday’ is to ensure financial transparency, to communicate to all parishioners and donors that good stewardship is being practiced and to provide a standard report that is consistent and straightforward. Individual reports will be made accessible via either parish bulletin or parish websites, school websites and the diocesan website. This new method of reporting comes after many months of preparation and is intended to ensure that the financial transparency already in place will be manifest in a new and more uniform presentation.
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