BP 11122023 129pm - Flipbook - Page 106
1. The names of the members of the Parish Finance Council;
2. The dates on which the Parish Finance Council met during the Year;
3. Copies of the most recent fiscal year-end published financial statements and the current fiscalyear annual budget; and
4. The signatures of the pastor, Treasurer (or Business Manager or Bookkeeper) and Parish
Finance Council members attesting to the above items.,
SUBCOMMITTEES
The Finance Council may benefit from organizing its members into subcommittees dealing with
specific duties and responsibilities. The magnitude and complexity of the different
subcommittees would depend upon the size, resources, obligations, and needs of the particular
parish. The Finance Council would coordinate the work of these subcommittees, often by
following priorities established by the Parish Pastoral Council (USCCB).
The work of the subcommittees may encompass the following:
1. Budget Subcommittee
a. Assist in preparation, presentation and review of the parish budget.
b. Assist other programs and ministries in preparing their budgets.
c. Study parish revenue and make recommendations for maintaining and increasing
revenues in order to meet parish objectives and priorities; and monitor contribution
trends.
d. Periodically review income and expenditures and make recommendations as necessary
to see that expenses are within set limits.
2. Audit Subcommittee
a. Review internal controls and offertory procedures, and prepare recommendations for
improved procedures.
b. Review the bank statements, returned checks (or check facsimiles), and reconciliations
at least 4 times/yr.
c. Provide parishioners with periodic (e.g., quarterly, semi-annual or annual),
comprehensive written reports on the parish’s financial position, including a statement of
activity and balance sheet accounts. Consider oral reports to parishioners to elaborate on
key results and issues (USCCB).
d. Review periodic reports from the archdiocesan internal audits of the parish, and
provide advice on how to address and correct identified weaknesses (USCCB).
e. Assist in communicating results of internal audits to the parish (USCCB).
3. Facilities & Maintenance Subcommittee
a. Advise the pastor regarding the results of inspections of parish facilities, and
recommend repairs or replacements based on priorities established by these inspections.
b. Review detailed annual inventory of all parish assets in accordance with
Canon 1283, §2.
c. Assist in the development of guidelines concerning the use of parish facilities.
d. Assist in the development of parish energy-conservation programs.
e. Develop teams of parishioners who will donate time and talent for parish maintenance
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