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

Purpose:

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.

Function:

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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