Archdiocese of indianapolis fiscal management and discipleship conference june 9 2011
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Archdiocese of Indianapolis Fiscal Management and Discipleship Conference June 9, 2011. Procedures for Building and Renovation Projects Archdiocesan Deposit and Loan Fund (ADLF). What is ADLF?.

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Archdiocese of indianapolis fiscal management and discipleship conference june 9 2011

Archdiocese of IndianapolisFiscal Management and Discipleship ConferenceJune 9, 2011

Procedures for Building and Renovation Projects Archdiocesan Deposit and Loan Fund

(ADLF)


What is adlf
What is ADLF?

  • Established to provide parishes, schools, and archdiocesan agencies with a source for low-cost funding of capital improvements and major renovations.

  • Parishes, schools and agencies fund the ADLF by depositing cash in excess of 90 days of operations


Adlf loans
ADLF Loans

  • For capital improvements & major renovations

  • 50/50 Policy

  • 3-5 Year Term

  • Variable Interest

  • Prohibited from borrowing funds from any lender other than the ADLF without the express written consent of the Archbishop


Adlf loan request worksheet
ADLF Loan Request Worksheet

  • http://www.archindy.org/finance/parish/forms.html

  • 2 page worksheet

    • Project Cost

    • Interest Calculation

    • ADLF Deposits

    • Parish Cash

    • Construction Costs Paid

    • Pledges

    • Allowance for Uncollectible Pledges

  • 50/50 Policy


Adlf loan review committee
ADLF Loan Review Committee

  • Subcommittee of Archdiocesan Finance Council

  • Includes members from Finance Council plus some at-large members from the parish community with backgrounds in finance, banking & construction

  • Meet once per quarter

  • Make recommendation to Finance Council

  • Final approval from Archbishop


Adlf interest
ADLF Interest

  • Variable Rate - Adjusted Quarterly

  • Deposit Rate

    • Discount Rate less 0.5%

  • Loan Rate

    • Prime Rate less 0.5%

  • Rates may be adjusted by Archdiocesan Finance Council and are currently adjusted so that deposit rate is not less than 1.0%


Adlf interest1
ADLF Interest

Current ADLF Rates

(effective 4/1/2011 – 6/30/2011)

Deposits: 1.00%

Loans: 3.50%


Adlf loan payments
ADLF Loan Payments

  • Interest payments required during construction

  • Principal & Interest payments required once construction is complete

  • Monthly payments via electronic funds transfer


Adlf statements
ADLF Statements

  • DLS Online

  • http://archindy.info/DLS/authenticate.asp

  • User ID & Password obtained from OAS

  • Can view and print transaction detail and statements at anytime

  • Notified via email when month is closed


ADLF

  • As of 4/30/2011

    • $40.4m Deposit Balance

    • $39.8m Loan Balance


Adlf forms information
ADLF Forms & Information

  • Archdiocese of Indianapolis Finance Website

    • http://www.archindy.org/finance/parish/forms.html

  • DLS Online

    • http://archindy.info/DLS/authenticate.asp

  • Deposit Form

    • http://www.archindy.org/finance/files/parish/general/ACH%20ADLF%20deposit%20form.pdf

  • Withdrawal Form

    • http://www.archindy.org/finance/files/parish/general/ADLF%20withdrawal%20request%20form.pdf

  • ADLF Loan Request Worksheet

    • http://www.archindy.org/finance/files/parish/general/Loan%20Request%20Worksheet%20-%202010%20Update.xls


Adlf contacts
ADLF Contacts

Rene Raychel

[email protected]

(317) 261-3370

Fax forms to (317) 592-4035

Julie Laughlin – Assistant Controller

[email protected]

(317) 261-3371


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