Parish Finance Council
Frank McCusker, Dave Quattro, George DiBacco.
Presider: Fr. John Rice
In accord with Canon Law, St. Monica Parish has a Finance Council to "aid the pastor in the administration of the parish goods". (Canon 537)
The council is to "consist of at least 3 members, Catholics in good standing, truly skilled at financial affairs as well as in civil law, of outstanding integrity and appointed by the pastor (administrator) for a three-year term. Having completed this term, they may be named to other three-year terms...They may not be members of the parish staff...whether paid or volunteer...may not be on both the Pastoral and Finance Councils (committees excepted)...may not be removed without consulting the membership of the Finance Council." (Temporalities 12/03/02 Update)
Members of the council have access to all parish financial records. Meetings are held in confidence with information issued only by the pastor or with the pastor's approval. Meetings occur at least quarterly.
Finance Council assists the pastor:
In preparing and monitoring a budget coordinated with the objectives set by the pastor and Pastoral Council
In balancing the books monthly
In preparing financial reports to be sent to the Chancellor and Bishop
In preserving financial records
In presenting parishioners at least an annual report of the financial state of the parish
In coordinating all fundraising, recommending income improvements, meeting Diocesan assessments/appeals
In inspecting all parish properties; recommending purchase or sale of property (observing Diocesan regulations)
In educating parishioners on stewardship
In all that pertains to the parish financial and physical condition