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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
slide10
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

rraychel@archindy.org

(317) 261-3370

Fax forms to (317) 592-4035

Julie Laughlin – Assistant Controller

jlaughlin@archindy.org

(317) 261-3371