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Welcome. Fiscal Year 2004-2005 & Parish Finance & Pastoral Council Leadership. Rev. Michael Heher. Vicar General. Guy Wilson, CPA. Diocesan Finance Council Chair. Canon Law & the Finance Council. Canon 492 - Establishes the Diocesan Finance Councils, their membership & terms of office.
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Fiscal Year 2004-2005&Parish Finance& Pastoral Council Leadership
Rev. Michael Heher Vicar General
Guy Wilson, CPA Diocesan Finance Council Chair
Canon Law & theFinance Council • Canon 492 - Establishes the Diocesan Finance Councils, their membership & terms of office. • Canon 493 - Tasks the Diocesan Finance Council with preparing annual budgets & examining a report of receipts & expenditures at the close of the fiscal year. • Canon 494 - Requires the Bishop to listen to the Finance Council, as well as others, prior to naming or removing a Finance Officer. • Canon 1263 - Requires the Bishop to hear the Finance Council, as well as others, prior to imposing "a moderate tax" on public juridic persons subject to his authority. • Canon 1277 - Requires the Bishop to hear the Finance Council, as well as others, prior to performing more important acts of administration; &, the Bishop needs the consent of the Finance Council, as well as others, to perform acts of extraordinary administration.
Canon Law & theFinance Council • Canon 1287 - Requires both clerical & lay administrators of any ecclesiastical goods not legitimately exempted to present an annual report to the Bishop who is in turn required to present the report to the Finance Council for its consideration. • Canon 1292 - Requires the Bishop to gain the consent of the Finance Council to alienate goods of the Diocese. • Canon 1305 - Requires money & movable goods of any endowment to be deposited safely & invested cautiously & profitably.
Members of theFinance Council • Most Reverend Tod Brown • Most Reverend Jaime Soto • Guy Wilson (Chairman) • Msgr. Lawrence Baird • Maureen F. Flanagan • Rev. Cirilo Flores • Rev. Michael Heher • Roger Kirwan • Jeffrey D. Littell • Sr. Mary Bernadette McNulty • Theresa Morrison • Julie Porter • Ralph Sabin • Paul Schloemer
Committees of theFinance Council • Audit & Budget • Human Resources & Employee Benefits • Insurance • Investment • Long-Range Planning • Pastoral Services Appeal
Canon Law & theFinance Council • Canon 492 - Establishes the Diocesan Finance Councils, their membership & terms of office. • Canon 493 - Tasks the Diocesan Finance Council with preparing annual budgets & examining a report of receipts & expenditures at the close of the fiscal year. • Canon 494 - Requires the Bishop to listen to the Finance Council, as well as others, prior to naming or removing a Finance Officer. • Canon 1263 - Requires the Bishop to hear the Finance Council, as well as others, prior to imposing "a moderate tax" on public juridic persons subject to his authority. • Canon 1277 - Requires the Bishop to hear the Finance Council, as well as others, prior to performing more important acts of administration; &, the Bishop needs the consent of the Finance Council, as well as others, to perform acts of extraordinary administration.
Canon Law & theFinance Council • Canon 1287 - Requires both clerical & lay administrators of any ecclesiastical goods not legitimately exempted to present an annual report to the Bishop who is in turn required to present the report to the Finance Council for its consideration. • Canon 1292 - Requires the Bishop to gain the consent of the Finance Council to alienate goods of the Diocese. • Canon 1305 - Requires money & movable goods of any endowment to be deposited safely & invested cautiously & profitably.
Phil Ries, CPA Fiscal Officer
Parish & School deposits are here Parish & School loans are here Financial Position(Balance Sheet)As of June 30, 2005 2004-2005 Assets: Cash & Cash Equivalents $ 24,555,363 Investments & Marketable Securities 205,045,621 Contributions & Other Receivables 9,486,756 Loans & Notes Receivables 20,093,520 Property, Equipment & Improves – Net 11,533,643 Property Held for Future Use 93,362 Cemetery Inventory 3,939,032 Other Assets 48,434 Total Assets $274,795,731 Liabilities: Accounts Payable and Accrued Expenses $ 11,576,975 Parish and Other Deposits 112,315,987 Deferred Revenues 8,950,258 Loans and Notes Payable 50,000,000 Retirement/Post-Retirement Benefits 13,272,000 Total Liabilities $196,115,220
Financial Position(Balance Sheet)As of June 30, 2005 2004-2005 Net Assets: Unrestricted Undesignated ($23,272,668) Designated 81,080,227 Total Unrestricted $57,807,559 Temporarily Restricted 20,685,426 Permanently Restricted 187,526 Total Net Assets $78,680,511 Total Liabilities and Net Assets $274,795,731
Financial Position(Income Statement)As of June 30, 2005 2004-2005 Revenues: Pastoral Services Appeal $ 9,662,918 Diocesan Assessments 5,665,507 Cemetery Operations 7,940,927 Investment Programs 13,857,832 Insurance Programs 24,344,029 Contributions, Grants and Bequests 1,466,747 Gain/(Loss) from Sale of Property (6,443) Other Income 51,439 Total Revenues $62,982,956
Donation of land expense is here Financial Position(Income Statement)As of June 30, 2005 2004-2005 Expenses: PSA Expenses and Parish Rebates $ 4,530,585 Pastoral Ministries 3,773,756 Administrative Office and Services 6,698,588 Cemetery Operations 4,995,006 Investment Programs 3,983,001 Insurance Programs 17,418,153 Grants, Donations and Scholarships 31,900,936 Retirement/Postretirement Benefits 2,901,000 Total Expenses $76,201,025 Change in Net Assets (13,218,069) Net Assets at Beginning of Year 91,898,580 Net Assets at End of Year $78,680,511
Parish & School deposits are here Parish & School loans are here Financial Position(Balance Sheet)As of June 30, 2005 2004-2005 Assets: Cash & Cash Equivalents $ 24,555,363 Investments & Marketable Securities 205,045,621 Contributions & Other Receivables 9,486,756 Loans & Notes Receivables 20,093,520 Property, Equipment & Improves – Net 11,533,643 Property Held for Future Use 93,362 Cemetery Inventory 3,939,032 Other Assets 48,434 Total Assets $274,795,731 Liabilities: Accounts Payable and Accrued Expenses $ 11,576,975 Parish and Other Deposits 112,315,987 Deferred Revenues 8,950,258 Loans and Notes Payable 50,000,000 Retirement/Post-Retirement Benefits 13,272,000 Total Liabilities $196,115,220
Donation of land expense is here Financial Position(Income Statement)As of June 30, 2005 2004-2005 Expenses: PSA Expenses and Parish Rebates $ 4,530,585 Pastoral Ministries 3,773,756 Administrative Office and Services 6,698,588 Cemetery Operations 4,995,006 Investment Programs 3,983,001 Insurance Programs 17,418,153 Grants, Donations and Scholarships 31,900,936 Retirement/Postretirement Benefits 2,901,000 Total Expenses $76,201,025 Change in Net Assets (13,218,069) Net Assets at Beginning of Year 91,898,580 Net Assets at End of Year $78,680,511
Rev. Douglas Cook, JCL Judicial Vicar
Canon 212, §2: “The Christian Faithful are free to make known their needs, especially spiritual ones, and their desires to the pastors of the Church.”
Canon 127, §2: “When the law determines that a superior, in order to place certain acts, requires the consent of the counsel of certain persons as individuals: If counsel is required, the action of the superior is invalid if the superior does not listen to those persons; although in no way obliged to accede to their recommendation, even if it be unanimous, nevertheless the superior should not act contrary to it, especially when there is consensus, unless there be reason which, in the superior’s judgment, is overriding.”
Canon 536 §1: After the diocesan bishop has listened to the presbyteral council and if he judges it opportune, a pastoral council is to be established in each parish; the pastor presides over it, and through it the Christian Faithful along with those who share in the pastoral care of the parish in virtue of their office give their help in fostering pastoral activity. §2: This pastoral council possesses a consultative vote only and is governed by norms determined by the diocesan bishop.
Shirl Giacomi Diocesan Chancellor
Consultation Administration Visioning & Planning Support/Resource Support/Resource Fulfilling the Parish Mission Through Leadership Roles & Relationships Pastor Delegate of the bishop responsible for the overall life of the parish link between & among parish staff, finance council & pastoral council Parish Staff Delegate of the pastor accountable to pastor alone responsible for day-to-day ministry according to job description Parish Finance Council With the pastor, responsible for managing budget, facilities, & development efforts based on goals & objectives of the parish pastoral plan Parish Pastoral Council With the pastor, responsible for long-range pastoral planning affecting the whole of parish life supported & assisted by parish staff & finance council
Shaping Consensus 1. Formulate & Share Perspectives Idea A Idea B Idea C Idea D 2. Identify areas of agreement/disagreement 3. Generate New Alternatives 4. Work toward consensus
Most Rev. Tod D. Brown Bishop of Orange