Financial Summary

• FY 22
• FY 21
• FY 20

Canon law mandates that all parishes have a Finance Council: "In each parish there is to be a finance council which is governed, in addition to universal law, by norms issued by the diocesan bishop and in which the Christian faithful, selected according to these same norms, are to assist the pastor in the administration of the goods of the parish, without prejudice to the prescript of canon 532. (cc 537)." 

According to the USCCB, "To be effective, the Parish Finance Council should meet regularly (no less than quarterly) with specific agendas and should have access to all relevant financial information of the parish. The Council should consist of no less than three members who are chosen based on demonstrable skills or expertise in management, finance and accounting."

Cathedral's Finance Council (titled "Finance Committee") meets once a month.

"The Parish Finance Council provides oversight of the financial management of the parish. Major responsibilities of the Parish Finance Council include input to, and review of the parish annual budget and periodic financial statements; review of internal controls and procedures; and planning for the temporal needs of the parish." -USCCB

Cathedral's Finance Committee has an agenda for each meeting. Topics include reviewing the budget and financial statements, discussing financial procedures, and more - for both the parish and the school.