Finance Council

Finance Council

 

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 this council the Christian faithful, selected according to the same norms,

aid the pastor in the administration of parish goods.

Canon 537

 

The Parish Finance Council is an advisory and consultative board of parishioners that provides advice to the pastor in the administration of the temporal matters of the church. The Finance Council is a key element for promoting the financial health of a parish, assuring accountability, and assisting the pastor in the areas of income, expenses, development, insurance, capital projects, and legal issues. The Finance Council meets regularly, had specific agendas, and is given temporary access to all the relevant financial information and policies of the parish. The Finance Council assists in the preparation, revision and approval of the Annual Parish Budget and other Financial Reports. They also provides input on the best manner of communicating this information to the parish community.

 

While the Finance Council does not have decision making authority, consultation is at the heart of the decision-making processsharing information, listening, contributing to the discussion, and promoting consensus. Although the pastor is not obliged to follow the recommendations of the Finance Council, he rarely acts against their advice, especially when there is a consensus, except for extreme or overriding reasons.

 

Membership in the Finance Council

 

Every member of the Finance Council must be an active member of the parish. The pastor holds the discretion of selecting qualified members from the community. If ever the need arises, he can also reach out to outside advice and counsel to obtain specific expertise.

 

Members of the Finance Council are chosen based on demonstrable skills or expertise in management and/or finance. Useful skills include business/accounting, communications and law. Additionally, persons with professional knowledge and experience in engineering, construction, maintenance, and purchasing also offer significant insight and are considered for membership as well.  Expertise can vary widely and include a business executive, accountant, lawyer, and small business owner.

 

The Finance Council consists of an odd number of 39 voting members. A quorum is reached by a simple majority.

 

Meetings & Agendas

 

The Finance Council meets at minimum once a quarter (more frequently when necessary). The Chairperson presides at all meetings and, in consultation with the pastor, selects the time and place, prepares the agenda, and other duties. The Secretary records and distributes minutes,  send meeting reminders, maintains a record of each members tenure and of business conducted by the Finance Council, and other duties.

 

Finance Council meetings are confidential and closed to the parish community. All information presented, whether written or discussed, is not to be shared. The pastor reserves the right to personally present Reports and other pertinent information with the community. The Finance Council can and should advice the pastor on the best ways to inform and involve the community  in key issues and decisions.

 

Terms & Responsibilities

 

All members of the Finance Council are appointed by the pastor for terms that he deems appropriate, and he may reappoint or terminate any member at his sole discretion. Terms will generally be staggered in order to ensure undisputed continuity of service.

 

Vacancy of the Office of the Pastor

 

If, for any reason, the office of pastor becomes vacant it is recommended that the Finance Council remains in place to assist the administrator and to provide continuity during the transition. Six months after the transition, the new pastor can ask the council members to either continue their terms or terminate some (or all) of the members and form a new Finance Council.

 

 

Our Lady of Perpetual Help


82470-B Bliss St - Indio, CA 92201 | (760) 347-3507 | olph.indio@olphindio.com

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