The Finance Council is an essential consultative body of the Parish that assists the pastor in the administration of the goods of St. Edith Parish. The Council helps facilitate the accomplishment of the pastoral priorities identified by the pastor and Pastoral Council. The Parish Finance Council will have a minimum of three and a maximum of nine voting members, who possess particular qualities. Members should have expertise in the areas of finance, civil law, accounting, property management, budgeting and personnel management. They should be fully initiated, active, practicing Catholics in good standing, and a member of St. Edith Parish. They must be able to work in groups. Members should be capable of relating to people from varied social, economic and ethnic backgrounds with an ability to listen to the needs of the people. Parish staff and their relatives are ineligible for membership. The Pastor serves as a non-voting member. Members of the Parish Finance Council are appointed in writing by the Pastor for terms of 2 to 4 years.
The Pastor serves as president and does not vote on matters put to the Council.
The Chairperson is elected by the Parish Finance Council members for a term of one or two years renewable once. The chairperson will attend all Parish Pastoral Council meetings and provide written reports about Parish Finance Council activity. Chairperson will make sure that the Pastoral Council has access to Finance Council minutes.
The Vice Chairperson is elected by the Parish Finance Council for a term of one to two years, renewable once. The vice chairperson is responsible for fulfilling the chairperson’s role if the chairperson is unable to fulfill their duties.
The Secretary is elected by the Parish Finance Council for a term of one or two years, renewable once. The secretary is responsible for scheduling the meetings, notifying the members of the meetings, preparing and distributing the meeting materials to members, tracking attendance, producing and distributing the minutes to members, and archiving the minutes in the parish.
Work of the Council
The parish has the right to acquire, administer and alienate parish goods. The Pastor may act alone with expenditures of up to $10,000. Expenditures of $10,000.01 to $100,000 require consultation with the Council. Expenditures over $100,000 require a vote of the Council and approval of the Archbishop.
The Council is also consulted in preparing the annual Parish budget and preparing an annual video inventory. They also review the monthly financial report, annual financial report and all audits. They are consulted in seeking a loan from the Loan Deposit Program, when beginning a Parish-based capital and/or debt reduction campaign and when making significant alterations in the church.
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Capital Projects Progress Updates
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