Finance & Administration

According to the Diocese of Davenport, the parish finance council serves as an advisory body to the
pastor in the administration and stewardship of parish finances, budget, parish facilities and long-range
financial development.

RESPONSIBILITIES:

• To review bank reconciliations at least quarterly.
  
• To assure the necessary material resources – land, buildings, finances – that will enable the parish to carry on the work of Christ.
  
• To determine the financial and administrative needs of the parish.
  
• To establish that the parish is spending money in keeping with the priorities that have been developed by the parish.
  
• To increase the commitment of the parishioners to support financially the work of the parish.
  
• To prepare and approve an annual operating budget after having consulted with the parish pastoral council and board of education.
  
• To submit an annual financial report to the parish and the bishop at the end of the fiscal year.
  
• To establish long range financial planning.
  
• To be consulted when there is alienation (transfer) of property or major expenditures in excess of $5000.
  
• To assist in reminding parishioners of their duty to return to God, as an expression of gratitude, part of the material benefits with which they have been blessed. (Stewardship)
  
• To maintain a safe environment for the parish community.
  
• To be familiar with Diocesan policies regarding buildings and grounds and the openings or closings of parishes.
  
• To share all concerns and reports on the conditions of buildings and grounds with the parish pastoral council and, as needed, the Diocesan offices.
  
• To review end of year reports (summary of financial data, finance council report, internal control questionnaire) and sign by August 15.