The Finance Council shall provide advice and guidance to the Pastor in the administration of parish assets. The council prepares the parish budget, any budgets for extraordinary expenditures, and reviews financial statements. The council monitors the financial condition of the parish, including regular financial reviews/audits as well as the internal financial controls by following the recommendations in the audit/review. The council provides assistance in the formulation and communication of an annual financial report to the parish community as required by canon 1287.2.
The council shall be the consultative body in all parish financial matters, except to the extent limited by church or civil law or archdiocesan policy/norms.
The council shall be comprised of not less than 5 nor more than 7 members, all of whom must be baptized, practicing Catholics, registered members of the parish, participants in the parish worship life, especially Mass and the sacraments, and at least 25 years of age. Members are selected because of their familiarity with financial matters and financial expertise.
The council meets 10 times each year on the fourth Tuesday of the month. Meetings last one hour.
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