Our Lady of Fatima Church
Igreja de Nossa Senhora de Fátima

50 Walsh Avenue Peabody MA 01960-1910
Office (978) 532-0272 Hall (978) 532-0272 Fax (978) 977-2991
eMail: Our Lady of Fatima Church

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Our Lady of Fatima Church Finance Committee


Canon Law requires every parish to have a finance committee, which is to exist separately and apart from the parish council. The committee is not part of the administration. Its members are appointed for a two year term by the pastor in consultation with the parish council.  The finance committee assists the pastor in administration of financial assests of the parish.


To review and approve budgets of the parish groups as submitted by the administration;

To prepare expense reports;
To review incoming money and expenditures of the parish to determine if the parish is operated wisely and within proper limits;
To help prepare a financial statement for submission to the chancery;
To make recommendations for increasing revenues, implementing pledges, developing endowments, soliciting wills and bequests;
To implement a pledge plan in the parish;
To study insurance needs;
To educate and encourage parishioners in support of the church through stewardship of time, talent and treasure;
To account for parish properties and to provide guidance in property uses:
To coordinate parish fund-raising programs;
To conduct a complete census of the parish and to update this census on an ongoing basis;
To compile budget for the parish, to prepare an overall annual budget for both operating and capital expenditures, based on goals and objectives.

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Last modified 02/21/2011
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