Finance Committee
1. SCOPE: The Finance Committee is a consultative body of lay persons established to advise the Pastor on the financial affairs of the Parish.
2. PURPOSE: The purpose of the Finance Committee is to assist and consul the Pastor in the administration of parish finances.
3. FUNCTIONS:
a) Safeguard the assets of the parish.
b) Oversee the preparation of budgets for approval of the Pastor.
c) Monitor the financial performance and effectiveness of offertory collections and other fund raising activities.
d) Develop plans for the financing of repairs and renovations of parish property and the purchase of equipment, as needed.
e) Oversee implementation of all diocesan policies on financial matters.
f) Monitor procedures and controls to insure that all requirements of Federal and State laws are met and that accurate records are maintained.
4. ORGANIZATION & MEMBERSHIP: The Finance Committee consists of approximately three (3) reputable and practicing members of the parish who are knowledgeable in financial matters. No member shall, in any manner, attempt to influence the Council in any financial transaction involving parish funds or accounts in which he/she would have a personal or financial interest. Membership is made by the appointment of the Pastor. The Parish Controller shall not be a member of the committee. However, his/her attendance at committee meetings may be required.
5. SCHEDULE: The Finance Committee usually meets on a quarterly basis or more frequently as the needs of the parish develop.
6. COMMITTEE COSTS AND OTHER PARISH GROUP RELATIONSHIPS: Clerical materials are provided by the parish staff. There are no other costs associated with the operations of the committee.
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