Finance Council

Budget The Parish Finance Council is a consultative body of laypersons established to advise the Pastor in matters pertaining to the financial affairs of the parish.

Pastors and parish administrators are obliged to administer parish goods, according to the Church Law as found in Canon 1281-1288. The Parish Finance Council assists the pastor in fulfilling the following responsibilities:

To assure that an annual budget is properly prepared.
To review as needed the implementation of the Archdiocesan bookkeeping and accounting system for all parish finances.
To ensure that the submission of the Annual Financial Report is prepared and submitted to the Archdiocese.
To develop procedures for the deposit of church funds in interest-bearing checking and saving accounts.
To evaluate and to make recommendations regarding the needs and the effectiveness of the parish’s effort of church support through the Sunday offertory and other fund raising activities.
To develop a plan for the financing of necessary repairs, renovations and purchase of equipment.
To develop a plan for systematic payment of any parish debt.
To coordinate all fund raising programs.
To meet all requirements of federal and state tax laws and maintain an accurate record of payment.
To submit to appropriate civil authorities tax exempt forms as required by law and to maintain records of same for all Church-owned properties.
To safeguard the assets of the parish from loss or damage through appropriate review of insurance coverage.
To implement all diocesan policies relative to financial matters.