Finance Council
MISSION STATEMENT
The mission of the Guardian Angels Finance Council is to provide counsel and support to the Parish Pastoral Council and the pastor on parish operations and financial stewardship.
PURPOSE
The purpose of the Finance Council is to provide counsel and support to the pastor on parish operations and financial stewardship. Among other things, the Finance Council shall establish a budget of income and expenses on an annual basis, provide counsel on Parish revenues, analyze expenditures and investments, and ensure proper maintenance of real property.
RESPONSIBILITIES
Parish Finance Councils are similar to parish pastoral councils in that they are consultative in nature, offering advice to the pastor. Finance councils must observe both church and civil law in sound management of the temporal goods of the parish. Councils must annually inventory parish resources and holdings, and review such areas as maintenance of the possessions and insurance limits.
The annual budget process should begin with the Finance Council receiving and studying budget requests and compiling the overall parish budget. Next, the Parish Pastoral Council should review the budget in light of the parish goals and priorities. The pastor then approves the final budget.
(From “Parish Finance Council Guidelines”, Archdiocese of St. Paul and Minneapolis)
MEMBERSHIP
The Finance Council shall consist of a minimum of nine members, a minimum of six who are appointed by the pastor and three who are ex-officio voting members, namely the pastor, the parish administrator and a member of the Board of Trustees. Each term of office shall be for three years. It shall commence on July 1 and end on June 30. When a position on the Finance Council is vacated before expiration of the term of office, the pastor shall appoint a member of the parish to the vacancy.
MEETINGS
The Council meets on the second or third Thursday of the month at 7:00pm in the Parish Center, except for the month of July.