Money not an awkward topic when diocesan fiscal managers meet

Published: 2005-10-05

ORLANDO, Fla. (CNS) -- When Benedictine Father Lambert Reilly was archabbot of St. Meinrad Archabbey in southern Indiana, he oversaw a stunning reversal of fortune. Under his leadership, the archabbey increased its long-term investments by $31 million, increased cash by $4.3 million and erased $7.6 million in bank debt in less than 10 years. While money may be an awkward topic in many settings, it was the main topic when the Diocesan Fiscal Management Conference met for its annual convention in Orlando Sept. 25-28. Catholic diocesan money managers from around the globe gathered for the four-day event to learn the most up-to-date financial management tools, network with other professionals and energize their spirits for the challenges and opportunities ahead. Father Reilly addressed close to 300 members representing more than 140 dioceses from the United States, the Caribbean and Australia. During his Sept. 25 speech, he spoke of developing relationships with various benefactors.

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