The Parish Finance Council is a consultative body of lay persons, mandated by canon law, whose purpose is to advise the pastor in matters pertaining to the financial affairs of the parish. Canon 537 of the Code of Canon Law states, “Each parish is to have a Finance Council which is regulated by universal law as well as by norms issued by the Diocesan Bishop; in the Council, the Christian faithful, selected according to the same norms, aid the Pastor in the administration of parish goods with due regard for the prescription of Canon 532.”
The mission of the Parish Finance Council is to assist the pastor in the following ways:
- Assist the pastor with the preparation of the annual budget.
- Assist the pastor with the preparation and publication of the Annual Financial Statements and a Report for the Parish Council and all parishioners at large.
- Evaluate and make recommendations to the pastor regarding the needs and effectiveness of the parish’s support through the offertory as well as the various fundraising activities that the Parish initiates.
- Assist the pastor with the development of a long-range plan, for the financing of necessary repairs, renovations, and purchase of equipment as needed.
- Assist the pastor with the development of a plan for systematic repayment of any parish debt.
- Assist the pastor in monitoring all parish fundraising programs and investments.
- Assist the pastor in ensuring that appropriate measures are taken to safeguard the assets of the parish from loss or damage.
- Assist the pastor in monitoring the implementation of all diocesan policies relative to financial matters.
- Propose to the pastor specific parish spending guidelines.