Finance Council

Finance Council

ROLE OF THE FINANCE COUNCIL The Code of Canon Law requires all parishes to have an active finance council. The Code mandates that in each parish there is to be a finance council to help the pastor in the administration of the goods of the parish. The finance council is ruled by the universal law of the Church and by the norms laid down by the diocesan Bishop and is comprised of members of the faithful selected by the pastor according to these norms. All parishes are obliged to comply with the Code of Canon Law and diocesan norms. Parishes within the Diocese must have a strong, active and functioning finance council. The members of the council are advisory to the pastor. They provide assistance in preparing the parish budget; they monitor the revenues and expenses of the parish. The council provides advice in the care of parish buildings and grounds. Members assist in preparing the financial reports presented to the entire parish community. They review all financial reports submitted to the Diocese and sign the reports indicating that they had the opportunity to review the report with the Pastor. Finance councils meet at least four times a year and members should have an understanding of fiscal matters.