Finance Council

What is the Finance Council?
 

The Finance Council, pursuant to Canon Law, assists and advises the Pastor in managing the financial affairs of the parish. The Finance Council is an advisory body to the Priest Administrator who makes the final decision.



The Pastor appoints the members of the Finance Council. Currently, the Finance Council has five members, all with financial or business background.

The Council and the Pastor meet every month (except when the Pastor is on vacation) on the first or second Wednesday of the month depending on how early in the month the first Wednesday occurs. Special meetings are called to discuss extraordinary matters.

Typical items discussed at the meetings include:

• The review of the financial reports of the parish.
• Operating budget for the year.
• The actual year-to-date financial statements including cash/investment balances.
• Revised profit projection for the year.
• Capital projects and financing sources.
• Fundraising matters.
• Banking matters.
• Any issue that might arise pertaining to accounting or finance.

President: Joe Solar