Parish Finance Council
I. NATURE AND PURPOSES
In the parish, Christ’s faithful are gathered into one, under the headship of the parish priest, to fulfil their mission in Christ, prophet, priest and a king. The kingly mission includes the assistance which Christ’s faithful, according to the parish priest in the office in the Church, and their state of life, give to the parish priest in the administration of the temporalities goods of the Church (Second Vacation Council, Decree in the Apostolate of Lay People, No. 10).
In order to give form and stability to the assistance offered by Christ’s faithful to the parish priest in the administration of the temporal goods of the parish, The Code of Canon Law requires that each parish in a diocese establishes a Parish Finance Council which is governed by universal Church law and norms given by the Diocesan Bishop0 (Canon 537).
The Parish Priest Council is a consultative body to the parish priest in the administration of the temporal goods of the parish.
II. STRUCTURE AND COMPOPSITION
The members of the Parish Finance Council (PFC) are parishioners known for their spiritual maturity and love for Christ and the Church, endowed with special competence in financial matters and of prudent judgment, who offer their time and talents as a Christianservice or ministry in the development and management of the parish’s financial resources.
The Parish Finance Council shall be composed of not less than five but not more than nine members, excluding the parish priest. (Note: Parochial Vicar/s mar be invited to attend the meeting of the Parish Finance Council.)
Membership in the Parish Finance Council shall be by appointment from the parish priest after consultation with upright and serious-minded parishioners.
The chairman of the Commission on Temporalities shall be by an ex-officio member of the Parish Finance Council.
Members of the Parish Finance Council may not be related to the parish priest up to the fourth degree of consanguinity or affinity.
Names of the members of the Parish Finance Council are to be communicated to the Archbishop at the time of their appointment or reappointment.
The members of the Parish Finance Council shall serve a two-year term which is renewable but not for a third consecutive term.
Being a consultative body, it is co-terminus with the Parish Priest. It ceases to exist once the Parish Priest is transferred or removed. Within six months after his installation, the new Parish Priest must establish the Parish Finance Council. In the interim, the old Council will serve in a hold over capacity until a new one is established. It is the sole prerogative of the new Parish Priest to reappoint or not the members of the former Parish Finance Council.
The Parish Finance Council cannot be dissolved without the written permission of the Diocesan Bishop.
The Parish priest is the Chairperson of the Parish Finance Council. He convokes the Council and presides over its meetings and receives its proposals.
There shall be a Vice-Chairperson appointed by the Parish priest. The Vice-Chairperson
assists the parish priest in coordinating the work of the Parish Finance Council. The
Vice-Chairperson performs other tasks as may be delegated to him/her, including,
if the parish priest so decides, presiding over the regular meetings of the Council.
3. A Secretary shall also be appointed by the parish priest from among the members of
the Parish Finance Council. The secretary is responsible for recording the minutes
at each council meeting, keeping them and furnishing copies to the Diocesan
Finance Council on a quarterly basis.
The parish priest, by law, is entrusted with the administration of the temporal goods of the parish. He takes charge of all funds and properties. The Parish Finance Council serves as a consultative body to the parish priest in the administration of the temporal goods and does not hold any funds of the parish. In particular, the Parish Finance Council assists the Parish Priest in making plans and policies regarding the financial status of the parish. Specifically, the Parish Finance Council has the following:
1. to assists the parish priest in the preparation of the parish annual budget.
2. to assists Parish Pastoral Council commissions and committees in preparing and
submitted annual budget requests.
3. to develop a plan for financing necessary repairs, renovations, and the purchase of
equipment, and other important parish projects.
4. to assists the parish in finding means and methods of raising funds, aside from mass
collection and offering, in order to support the ongoing programs of the parish.
5. to assists the parish priest in meeting all financial obligation of the parish.
V. ACTS OF ADMINISTRATION
1. The Finance Council will be consulted by the Parish Priest when an act of
administration (sale, lease, loan giving of donation or any project) involves the amount
of more than one hundred pesos (Php 100,000.00) up to two hundred thousand pesos
2. For validity, the consent of the Finance Council will be required if an act of
administration involves the amount of more than two hundred thousand peso (Php
200,000.00) up to five hundred thousand pesos (Php 500,000.00).
3. For a valid administration act which involves more than five hundred thousand pesos
(500,000.00) the parish priest needs not only the consent of the Parish Finance
Council but also of the Diocesan Bishop who may also consult the College of
Consultors or the Archdiocesan Finance Council.
When voting is necessary for the parish priest to get the mind (“sensus”) of the council, council members enjoy a consultative vote unless otherwise provided for by these Status.
VIII. RELATIONSHIP WITH THE PARISH PASTORAL COUNCIL AND THE COMMISSION ON TEMPORALITIES
1. The Finance Council collaborates with the Parish Pastoral Council in financing the
pastoral needs of the parish. The method of collaboration is determined by the parish
priest through consultation with both Council.
2. Neither Council is to usurp the constituted responsibilities of the other. Both university
law and these diocesan status assume that two distinct councils are formed in each
parish. This does not preclude the presence of a delegate from the one council who
participates in the other.
3. In relation with the Commission on Temporalities, the Parish Finance Council makes the
financial plans and polices and it is the Commission on Temporalities which them.
IX. EFFECTIVITY AND AMENDMENT
1. The status of the Parish Finance Council of the Archdiocese of Palo upon the
recommendation of the majority of the priests of the Archdiocese shall be effective upon
the approval of the Diocesan Bishop.
2. The statutes of the Parish Finance Council shall be fully implemented in the
Archdiocesan of Palo six month after the date of promulgation.
3. Any amendment, change, or addition to these statutes may be caused by a motion made
a member of the presbyterium as confirmed by a two thirds vote of the presbyterium
present when such motions shall have been expressed and seconded. The effectivity of
an amended provision shall, however, require the approval of the Diocesan Bishop.
4. The members of the Finance Council in the parish may express their suggestions for
amendments to their respective parish priest, who, in turn, may make a motion to the
presbyterium of the diocese for proper action.
Our lady Lourdes Parish
V&G Subd., Tacloban City, Leyt
Member information goes here.
Financial Reports and Budget Proposals for the Year
Income and Expense Statement (February 2015...)
Msgr Bendict Catilogo
Our Lady Lourdes Parish
Calanipawan Rd V&G Subdivision, Tacloban City, Leyte, Philippines
Budge projection materials goes here.