Tuesday, January 4, 2011

CMH is fiscally sound, financially secure, and effectively managed.

January 4, 2011

Dear CMH Friends and Family:

By now I am sure that you have heard the sad news that today, the Archdiocese of Milwaukee filed for Chapter 11 reorganization, more commonly known as bankruptcy. To best understand the breadth and impact of this decision on the Archdiocese, I do recommend the resources provided at the website of the archdiocese, www.archmil.org.

A number of questions have already been asked as to what this action means to Catholic Memorial High School (CMH). While CMH is an archdiocesan high school, it is completely separate and independent in both civil and church law. The Archdiocese of Milwaukee does not own CMH or its assets. Therefore, none of our assets or endowments will be subject to these bankruptcy proceedings.
Be assured that CMH has its own Board of Directors, Finance and Investment committees. We work within an approved budget, and annually undergo a full audit conducted by an independent, outside accounting firm. None of the CMH assets, or the funds we steward on behalf of affiliated organizations (i.e. Booster Club, Friends of the Arts, etc.), will be compromised in any way by the Archdiocese of Milwaukee’s Chapter 11 Reorganization.

In 1959 CMH transitioned from a parish-sponsored high school of St. Joseph’s Parish in Waukesha, to sponsorship by the Archdiocese of Milwaukee. This was done to facilitate our pastoral service to, and relationship with, virtually all of the Catholic parishes and families of Waukesha County. It was these families who worked together to acquire the land for CMH; to build the buildings we have today; and to support our initial growth into one of the best Catholic high schools in the country.

CMH remains a place deserving of your trust and support. CMH is recognized as fiscally sound, financially secure, and effectively managed. We aggressively enforce Safe Environment expectations for the safety and well-being of our young people. Most importantly, by advancing mission of CMH, we help re-build the Church and restore trust by sending forth our fine young men and women as graduates.

Should any member of the CMH family have any questions on this matter, please do not hesitate to contact me.

In close, I wish to thank all members of the CMH family for their trust, support and prayers.

Our Lady of Memorial, pray for us.

Very Reverend Paul B. R. Hartmann, ‘84

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