The 1983 Revised Code of Canon Law (c537) requires the creation of a Parish Finance Council to advise the pastor and finance manager in the administration of parish finances. The council’s function is to assist the Pastor in the prudent planning and administration of all parish financial matters and to provide effective advice in the management of parish assets.
In fulfilling its responsibilities, the Parish Finance Council must be directed by the values of the Gospel as well as by good business practice. Efficient and effective use and management of parish resources must be measured as much by their contribution to the parish mission and ministry as by commonly accepted business standards. The budget is required to be submitted each year to the Diocese by May 1st with the new fiscal year actually beginning July 1st.
Regular Meeting Date: Quarterly
Regular Meeting Time: 7:00pm
Regular Meeting Place: Parish Basement
Specific Functions of Organization: Provide oversight and maintain internal controls over all financial matters of the parish. The Finance Council will review all financial statements generated by the Finance Manager (currently Joe Steiner) and establish internal audit processes and procedures that ensure the integrity of the financial information being provided to the Diocese of Toledo and the parish community.