Finance Council

 THE FINANCE COUNCIL 

“Without consultation, plans are frustrated, but with many counselors they succeed” (Proverbs 15:22).

The Finance Council is required by the Laws of the Church. Its function is to assist the pastor who is the administrator of the goods of the parish (Can. 537). The Finance Council of St. Rose of Lima operates under the provisions of the Diocese of Orlando. In accordance with these provisions the Finance Council is a separate entity from the Pastoral Council, but works in collaboration with it and is responsible directly to the pastor. Its role is advisory and consultative to the pastor. 

The members of the Finance Council drawn from the parish community are to be competent in financial matters and civil law. At least one member of the Finance Council, the Finance Chair, serves as a member of the Pastoral Council. The Council meets monthly or as needed.  

Some of the Functions of the Parish Finance Council: 

1) To review and coordinate the parish annual budget in consolation with other groups and in accordance with the goals of the Pastor and the Pastoral Council; 

2) To review the quarterly financial reports to the Diocese and to formulate the annual report made to the parish community; 

3) To review periodically the income and expenditures in light of the annual budget; 

4) To review major contracts and agreements; 

5) To encourage support of diocesan fund raising projects; 

6) To update an inventory of parish assets at least annually and verify that appropriate insurance coverage has been maintained for said assets.