The Finance Council provides financial guidance and advice to the pastor and pastoral council observing both Church and civil law in the management of the temporal goods of the parish.
Roles and Responsibilities:
- Prepares the annual budget.
- Monitors the revenues and parish assets, reviews expenses and payments to insure budget compliance and GAAP.
- Reviews the parish's financial, banking and investment statements.
- Oversees parish investments in accord with Archdiocesan requirements.
- Provides oversight of the parish’s accounting procedures.
- Monitors the parish’s debt, if there is one.
- Provides advice, consideration and recommendations on financial matters for the parish priest, pastoral council and parish committees.
- Oversees the financial elements related to special projects.
- Provides advice to the pastor on all financial matters requiring proxies by the parish civil corporation.
Who can be involved?
- Membership is approved by the pastor.
- Accounting, finance, and business experience and/or education are helpful.
- The finance committee shall consist of 5 - 7 members – current vacancies 2 - 4
- Committee officers may be expected to represent the finance committee at pastoral council meetings, parish-wide meetings, other committee meetings, or as requested by the pastor.
- The bookkeeper attends meetings in order to assist with responding to any queries regarding the financial reports and to participate in financial discussions.
Time commitment
Quarterly meetings are held in the parish office at 7:00 PM for 2 hours.
Additional meetings may be scheduled as required.