The Finance Council lends support to the pastor's responsibility of managing the finances of the parish. They review all relevant financials statements of the parish and variances against the budget. They also review major parish expenditures and suggest revenue generating and cost saving ideas to the Pastor. Their role in assisting with the management of parish funds, financial planning, and the style and manner of generating financial support for parish life is part of revealing the faith, mission, and values of the parish.
The responsibilities of the parish Finance Council include the following:
- Developing long- range financial planning in accordance with the total parish mission.
- Preparing the parish annual budget in coordination with the pastoral activities of the parish.
- Monitoring parish revenues and expenses on an ongoing basis to determine conformity with the budget.
- Monitoring and evaluating financial controls and record keeping systems in light of the requirements of Archdiocesan polices and civil law.
- Ensuring that the parish budgets and financial reports are prepared on an accurate and timely basis, submitted to the Archdiocese as required, and shared with the parish pastoral council, staff, and parishioners.
- Preparing and issuing a comprehensive financial report which accurately accounts or parish assets, liabilities, receipts and disbursements on at least an annual basis for distribution to all parishioners. This report is presented to the parish with interim updates provided on an as-needed basis.
- Assisting with and encouraging parish financial campaigns and diocesan fund raising projects
There are generally 4-5 meetings between September and June, each lasting approximately ninety minutes. Members of the Finance Council are listed below.