The asset management office is responsible for assisting parishes in the oversight of the land and buildings in the diocese. Diocesan assets are substantial. Over 100 land parcels and 45 parishes are wholly owned by the diocese. The diocese also owns one housing corporation and controls several housing societies.
The Asset Management office arranges for lease, sale, purchase and business planning for diocesan assets. It is working on a longer term 25-40-year capital plan to better utilize some of the assets and to invest in housing and educational initiatives to support the diocesan vision.
As part of its responsibility, the asset management office recommends capital projects to the Diocesan Finance Committee.
The team includes the asset manager, professional real estate and construction management personnel, as well as legal and financial advisors both within the diocese and other areas of the community.
Currently, as required by the canons, capital projects over $20,000 require approval of these committees. All capital projects over $250,000 require the oversight of the asset manager or consultants approved by the asset manager.
This team is also responsible for the oversight of our comprehensive login-restricted asset management database which is a comprehensive resource for parishes and includes important information including titles and other legal documents, photographic archives and much more. Contact your parish officers for more information on how to access this database.
OUR CAPITAL PLAN
To learn about our current long-term capital plan click here to download a copy of the presentation to the 98th session of Synod held September 28-30, 2018. If you have questions about the direction we are taking to support our diocesan vision through the careful management of our physical assets please email us.