“The Church is responsible for the financial resources which have been entrusted to it. In each parish there is to be a finance council which is governed, in addition to universal law, by norms issued by the diocesan bishop and in which the Christian faithful, selected according to these same norms, are to assist the Pastor in the administration of the goods of the parish. (Canon 537) An active, well-formed parish finance council is a key element to the parish and to the diocesan bishop.”
The Financial Council is given the responsibility to assist the Pastor in the wise stewardship of the material gifts entrusted by God to the parish in support of the mission of the parish and broader Church.
The Finance Council consists of 5-7 appointed people including the Pastor and the Treasurer-Trustee of the parish. Members should have expertise in the areas of business, accounting, administration, law, insurance, personnel, facility maintenance, construction or management, as well as represent a cross-section of the parish community. Terms are three years, staggered terms beginning July 1. A member may be appointed for 3-year term for a total of 6 consecutive years. Following one year of absence from the Finance Council, a former member may then be reappointed for another 3-year term.