Function of the Committee:
- Participate with the Parish Administrator in the creation and review of an annual budget that is to be recommended to the Pastoral Council for consistency with the mission and goals of the parish.
- Review monthly the financial situation of the parish, and try to anticipate future financial needs.
- Review and advise on investments of reserves.
- Provide an annual accounting report to be made available to the St. Joan of Arc community.
- Ensure that an annual independent audit is conducted.
- Oversee any special funds and capital campaigns that are conducted by the parish.
Decision Making:
- Decisions will be made by consensus whenever possible.
Chairperson:
- Chair of the committee will be selected by the committee annually.
- It will be the responsibility of the chair to develop agendas, facilitate meetings, orient new members, and communicate well with other Committee members and the parish.
| Membership:
- Committee will consist of at least 5 parishioners, the pastor, the administrator, and the Pastoral Council liaison.
- It is suggested that at all times there is at least one attorney and one financial expert included in the committee’s membership.
- One of the parish Trustees will serve as an active member.
- Members will commit to a renewable 3-year term.
- Attendance at meetings is vital to the operation of this committee; therefore, members are expected to attend all meetings of the Committee and to perform the tasks of the Committee as so determined.
Minutes:
- Minutes will be taken at all meetings.
- Committee will select a minute taker.
Meetings:
- Meetings will be held once a month, or as needed.
- Meetings will last no longer that 1 ˝ hours; longer with total consent of the group.
- A quorum is one half plus one, and a quorum is needed to conduct business.
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