Who manages the Archdiocese’s financial assets and operations?

Archbishop Vigneron is ultimately responsible for the overall stewardship of Archdiocesan property and financial assets. The daily financial management of Archdiocesan operations and investments is the responsibility of Central Services staff, specifically the Department of Finance and Administration, which reports to the Moderator of the Curia. The Moderator of the Curia reports to the Archbishop and has responsibilities similar to a chief operating officer in the private sector.

Several consultative bodies assist the Archbishop in the overall stewardship of the Archdiocese of Detroit.  The three main bodies that assist him with financial affairs are as follows:

• The Archdiocesan Finance Council: A nine-member committee comprised of laypeople and priests and with operational, financial, banking, auditing, investing, and other backgrounds.
• The Archdiocesan College of Consultors: The priest council of advisors to the Archbishop.
• The Investment Committee: A four-member committee comprised of laypeople and priests with wealth management, investing, and other backgrounds.

Plante Moran, PLLC annually audits the financial statements of certain Archdiocesan funds including Central Services, Designated Funds, Properties, and the Loan Deposit Program. The Archdiocese has consistently received unqualified (also known as “clean”) audit opinions from Plante Moran, PLLC. The annual reports are published on the Archdiocesan website.