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The new code of Canon Law requires a pastor to have a finance committee. This committee has a consultative vote and assists the pastor in the administration of parish goods (Canons 532 and 537).

The finance committee is responsible for the effective stewardship of a parish. It may relate directly to the Parish Pastoral Council or through the Administration Committee to the Parish Pastoral Council. The fiscal component should reflect Gospel values and overall parish and diocesan goals. Financial concerns should be addressed within the context of the mission of the parish.

 Functions:

Advise pastor in all financial matters.

• Prepare any financial information needed in accordance with total parish planning.

• See that expenditures reflect the mission statement, goals and objectives of the parish.

• Prepare the annual budget in consultation with the Pastor and other committees and in accordance with objectives set by the Parish Pastoral Council.

• Review income and expenditures to determine that the parish is operating within the approved budget.

• Provide the parishioners with periodic and (at least) annual report of the financial
  state of the parish.

Study parish income and make recommendations to the Parish Pastoral Council for maintaining and increasing income to meet parish priorities and objectives.

Published by the Office of Pastoral Planning
Albany Roman Catholic Diocese
May, 1997