"The director of the Holy See Press Office, Father Federico Lombardi, declared that “we must recognise that Cardinal Pell did not speak of illegal, illicit or badly administered funds, but of funds that were recorded neither in the balance sheets of the Holy See, nor in those of the Vatican City State. The Secretariat for Economy learnt of the existence of these funds during the current study and revision of Vatican administration ... The spokesman for the Vatican added that “it was well known and it had been previously explained in public by the Prefecture for the Economic Affairs that the consolidated balances of the Holy See and the Vatican City State, which were accountable to a Council of 15 cardinals, did not in any way encompass the whole of the numerous administrations that are headed by the Vatican, but only the principal institutions of the Curia and the State”." lastampa.it/2014/12/06/vaticaninsider