Finance

 

Financial Report to Parish – May 2021

 

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In accordance with and subject to the provisions of Canon Law and Diocesan Regulations the Parish Finance Committee will assist the Parish Priest/Administrator in the administration of the goods of the Parish by advising:-

 

a) on good practice in regard to the procedures required to ensure that all parish income and expenditure is recorded through the approved Diocesan Accounting system;

b) on the maintenance of appropriate safeguards and controls in regard the handling, recording and lodging of cash;

c) on the presentation of an annual financial statement to the Parish;

d) on the preparation of the annual parish budget and the review of the budget at each meeting in the light of current income and expenditure;

e) on the regular transfer of Parish funds to the Parish Solidarity Account;

f) on the management and repayment arrangements of any debt owed to the Solidarity Fund;

g) on the maintenance and the promotion of the Parish Gift Aid Scheme;

h) on the review of all rents payable to the Parish from lands or property leased to tenants;

i) on policy, targets and strategies in regard to raising funds; (note: the Finance Committee is not a Fundraising Committee.)

j) on the maintenance, repair and upkeep of parish property;

k) generally on other appropriate matters when so requested by the Parish Priest/Administrator.