10. DebtThe Finance Council should review any indebtedness of the parish and assist the pastor infulfilling his obligations under Canon 1284, §2, 5°, upon his request. Planning for debtrepayment should be an integral part of the budgeting process. The Finance Council shouldreview, if requested, the circumstances of any plan to incur additional debt and the plan forrepayment.11. Parish Finance EmployeesThe Finance Council should provide advice on hiring and evaluating a Business Manager,Bookkeeper, Accountant or similar position. Note: The Archdiocesan Finance Office is requiredto interview the prospective candidate for a parish financial position prior to hiring orvolunteering.12. Parish ReportsThe Finance Council should review the complete parish monthly financial reports to theArchdiocese to ensure that all reports have been accurately, completely, and timely prepared.The Finance Council should provide assistance in the formulation and communication of theannual financial report to the parish community, as required by Canon 1287, §2. Clear, regularand complete communication to parishioners is a key responsibility of the pastor, and theFinance Council can assist as it pertains to temporalities. Communication keeps parishionersinformed of the parish’s condition, its priorities, its needs, and progress on previously announcedinitiatives.13. Archdiocesan LetterThe Finance Council should assist in the timely submission of the Year-end Parish CertificationLetter to the Archbishop. The form of the letter is included in Appendix 2 and is due within 90days of the end of the fiscal year. The letter includes certification by the pastor, Treasurer orBusiness Manager and Finance Council Members that:a. The financial reports accurately reflect the financial condition of the parish.b. Parish financial statements were reviewed and approved.c. All federal and state payroll taxes were paid.d. The accounts payable vendors were reviewed to ensure proper classification as to taxabilityand compliance with IRS regulations, and the issuance and filing of the appropriate 1099 forms.e. All non-exempt real property taxes were paid.f. All of our activities are religious, educational, or charitable, except as noted here:g. None of us know of any credible reports of possible fraudulent or dishonest conduct, whichhas not been reported to the archbishop or his staff.h. None of the individuals named and signing below, nor any member of their families, hasengaged in any activity with the parish from which they could personally benefit and whichwould be considered a conflict of interest without fully disclosing the conflict to the pastor andFinance Council.Additionally, the letter should contain:105
It seems that your browser's pop-up blocker has prevented us from opening a new window/tab. Please click the button below to open the link manually.
Table of contents
3
5
7
13
17
25
27
33
37
39
43
45
47
55
57
59
61
65
67
69
73
77
83
87
91
97
98
99
101
102
107
108
110
113
115
120
127
131
139
141
145
149
151
159
160
161
165
166
167
169
172
