REMINDER TO NOTIFY MCC OF PROPERTY ADJUSTMENTS
As a reminder, parishes and schools must notify Michigan Catholic Conference of any new buildings or additions to existing properties using the
New or Renovated Building Log to update insurance coverage for these spaces. If your parish or school has recently sold a property or demolished a building, please contact MCC Risk Management and Claims Services Manager,
John Greenburg, to remove it from the insurance listing.
REPORT UNOCCUPIED BUILDINGS TO THE DEPARTMENT OF ADMINISTRATION & FINANCE
Michigan Catholic Conference is in the process of creating a program for unoccupied buildings in the Diocese of Marquette. The program will involve maintenance of and special reduced insurance coverage for buildings meeting one of the following conditions:
- The building has been abandoned, unoccupied, or empty for some time.
- The building currently has operations in no more than 25% of the total usable square footage with no immediate or eventual need to use for any additional operational activities in the future.
Please note that this does not include buildings specifically designed for storage or periodic use (e.g. sheds, pavilions, chapels, etc.).
If you know of any buildings meeting these conditions, please contact
Tim Thomas at your earliest convenience.
REMINDER TO SUBMIT MATERIALS FROM PARISH ANNUAL BOARD MEETINGS TO DIOCESAN OFFICE
Bishop Doerfler directed all parish corporations to submit copies of the
minutes from your second annual board meeting(s) and
conflict of interest disclosure forms to the diocesan office
by Sept. 30, 2024. If you have not yet submitted conflict of interest disclosure forms or minutes from your parish corporate board meeting, please do so at your earliest convenience. These materials may be sent directly to
Irene McCauley at the diocesan office.
PARISH INCORPORATION ASSET TRANSFERS
Diocesan staff sent out further instructions concerning the transfer of financial/investment accounts, other financial assets, tangible property, assignment of bank loans, lines of credit, lease/contract agreements, and easements on Oct. 9, 2024. Please refer to these letters for directions on the next steps in the incorporation process, which will vary for individual parish corporations. If you have any questions about the parish incorporation process, please contact
Tim Thomas or
Irene McCauley for additional assistance.
As a reminder, please send any correspondence received from local tax assessors concerning parish property tax exemption to
Irene McCauley at the diocesan office.
2024 PARISH GOVERNANCE REPORT AND CATHOLIC ENDOWMENT FUND FINANCIAL REPORTS
2024 Parish Governance Report and Catholic Endowment Fund Financial Reports were due to the Diocese on Sept. 30, 2024.
All parishes and missions are required to submit Parish Governance Reports annually to
provide proof that good stewardship standards have been met and parishioners have been provided with transparent records of church finances. The Parish Governance Report should show a record of parish finance council meeting dates and members as well as a copy of the year-end financial summary provided to parishioners. Parish Governance Report resources can be found on the diocesan website at
http://dioceseofmarquette.org/forms and in
Addendums #1-2. Please send your Parish Governance Report to the diocesan office, attention: Irene McCauley or to
imccauley@dioceseofmarquette.org.
Catholic Endowment Fund Financial Reports should be submitted for all endowment funds that qualify as separate juridic persons. Such endowment funds support causes that don’t directly support the parish’s mission (e.g. a scholarship fund) and are invested outside of the Upper Peninsula Catholic Foundation (UPCF). As with the Parish Annual Financial Report, Annual Catholic Endowment Fund Financial Reports will cover fund activities for the parish fiscal year ended June 30, 2024. Parishes must also include copies of financial statements and meeting minutes with each report submission. To complete your Catholic Endowment Fund Financial Report for 2024, please
use the link here or on the diocesan website at
https://dioceseofmarquette.org/parish-annual-financial-report. If you’re not sure if you need to submit a report for your endowment fund, please contact
Tim Thomas for confirmation.
Thank you to all who attended the 2024 Parish and School Secretary/Bookkeeper Workshop! We hope you found this year's topics informative and interesting. For those who may have missed the Oct. 15 event or wish to reference the topics discussed, please visit the diocesan website at
dioceseofmarquette.org/secretary-and-bookkeepers-workshop to find presentations and materials provided at the workshop. Please contact Sarah at
sdilernia@dioceseofmarquette.org with any additional questions regarding workshop materials.
$5,000 MAXIMUM FOR PARISH/SCHOOL RAFFLES
The IRS requires tax-exempt organizations to withhold 25% of raffle winnings over $5,000 and report this amount on Form W-2G.
Parishes and schools are advised to limit raffle winnings to no more than $5,000 to avoid tax liability. Federal reporting requirements apply to cash winnings and non-cash prizes whose value exceeds $5,000. If you are interested in holding a small raffle for your parish or school, please visit the State of Michigan charitable gaming website at
www.michigan.gov/cg/ for more information.
REMINDER TO INCLUDE DETAIL WITH PAYMENTS TO THE DIOCESE
Bookkeepers are reminded to please include invoice numbers when relevant or a brief description of what the payment is for when sending money to the Diocese. We appreciate your help in ensuring that payments are applied correctly.
403(b) RETIREMENT PLAN MAXIMUM CONTRIBUTIONS
Please be aware the maximum contribution per individual is $23,000 unless the employee is age 50 or over. Members over 50 years of age are allowed an additional "catch-up" contribution of $7,500. Since there are still two months left in 2024, it is a good time to evaluate your contributions to your 403(b) plan. Are you maximizing the amount you can contribute? Are you sure you will not exceed the maximum contribution amount by year-end? If you have questions, please feel free to contact
Irene McCauley.