The Purpose of the Finance Board is to assist the Pastor in the administration of Parish assets. The Finance Board is totally separate from the Parish Pastoral Council, both of which are advisory in nature.

• Members of the Finance Board must be given complete access to all records and documents relating to financial status and operations of the parish.
• Each parish must have a Finance Board mandated by Canon Law.
• Members are appointed by the Pastor.
• Members are considered as quasi-staff of the Pastor.
• Members serve a minimum of three years.
• Changes of a Pastor do not affect the life of the board or appointments to it.

Responsibilities of the Finance Board include the following:

• To become aware of diocesan parish financial policies and procedures.
• To publish annual financial reports to the parish community.
• To assist in the development of the annual operating and capital budgets and communicate to the Parish Pastoral Council and parish community.
• To periodically review income and expenditures to determine if the parish is operating within the approved budget and make recommendations for increasing revenues.
• To help prepare financial statements for submission to the Chancery.
• To assist with implementing the Parish Stewardship Appeal (PSA) in the parish.
• To provide compliance oversight with financial matters.
• To study insurance and other risk management needs.
• To develop programs to obtain endowments, wills, and bequests.
• To assist the Pastor with any responsibilities relating to the financial aspects of the parish.