Fourth Synod Compiled Acts, Declarations and Statutes

150. The written permission of the Diocesan Bishop must be secured by a pastor or administrator of any church property for extraordinary expenditures and other acts of extraordinary administration as determined from time to time by the Diocesan Bishop after hearing the Presbyteral Council and the Diocesan Finance Council. 151. No priest or other person may deposit in a bank, or retain in a safe deposit vault, or otherwise hold or retain, in his own name or in the name of anyone other than the parish, any funds, securities or other valuables belonging to the parish. Nor may he deposit his personal money or values of any sort in the parish bank account or safety deposit box. 152. Parishes and other juridic persons subject to the Diocesan Bishop shall adopt and use the standard diocesan financial forms and every parish pastor and administrators of other juridic persons are required to keep an accurate set of parish financial books posted to date, showing all receipts and expenditures. 154. Where a parish debt exists, there must be set up a schedule for systematic debt reduction, which must be faithfully adhered to. It is expected that all funds over and above the reasonable cost of operation of a parish be applied to the loan in order to liquidate the debt as soon as can be accomplished conveniently. 155. Pastors and other administrators shall see to it that the temporal goods of the parishes and other juridic persons are administered in accord with the norms of canons 532 and 1281-1288. In particular: a) A clear and accurate account of all income, expenditures, surplus funds or deficits and investments must be made to the Diocesan Curia in the annual Parish Report; 153. The financing of parish debts must be done through the Deposit and Loan Fund, unless the Diocesan Bishop determines otherwise in an individual case.

b) All investments of surplus funds must be made in the Deposit and Loan Fund.

156. As required by canon 537 and as regulated by diocesan policies and procedures, every parish shall have a finance council, which is advisory to the pastor.

157. a) As a general rule, the financial obligations of the parish shall be paid by check signed by the pastor.


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