Accounting & Finance

Accounting & Finance

Parish Finance and Accounting Committee

Each parish is to have its own Finance Committee compromising at least 3 members (Canon 492) or at least two advisors who assist the Parish Priest in carrying out his functions (Canon 1280).

The Finance Committee is an advisory body and acts in an advisory capacity to the Parish Priest. The Committee should ensure that both Canon Law and Civil Law are observed in the financial administration of the Parish.

Some of the accounting duties which fall under this umbrella includes but are not limited to the following:

  • Monitoring and ensuring that all collection/money is deposited and accurately accounted for.
  • Ensure that all financial functions of the parish are executed in compliance with the Diocesan Polices such as the collection count system, internal control and fund-raising activities
  • Accurately recording and  accounting for all the revenue and expenses of the parish and safe fiscal polices are in place.
  • Ensuring that money donated for a specific purpose is used for that purpose
  • Monitor and supervise all fund-raising activities ensuring that all funds are deposited in the parish account and payments made to cover any expenses.
  • Inspect periodically all parish properties to ensure that they remain in proper repair and to plan repairs as necessary.
  • Prepare monthly and yearly financial reports and annual budgets.