Get the free Managing our Parish Finances - The Diocese of Algoma

Managing our Finances: A Resource Manual for Parish Leaders Diocese of Alma Rev. Heather Manuel, Stewardship Consultant (705) 6418787 Managing our Parish Finances: How to use this Manual contains

How to fill out managing our parish finances

How to fill out managing our parish finances:

1. Start by gathering all relevant financial documents, such as bank statements, receipts, and invoices.
2. Create a detailed budget for the parish, including income sources and expenses. This will help you track where the money is coming from and where it is going.
3. Review and reconcile the financial records regularly to ensure accuracy and identify any discrepancies.
4. Implement a system for tracking and reporting on parish finances, such as using accounting software or spreadsheets.
5. Establish financial controls, such as having multiple individuals involved in the financial decision-making process and implementing checks and balances.
6. Develop a fundraising plan to generate additional income for the parish, if needed.
7. Seek professional advice or hire a qualified accountant or financial advisor to assist with managing the parish finances if required.
8. Regularly communicate financial updates and reports to the relevant stakeholders, such as the parish council, finance committee, and the congregation.

Who needs managing our parish finances:

1. The parish priest or pastor, who has overall responsibility for the financial affairs of the parish.
2. The finance committee, which assists in managing and overseeing the parish finances.
3. The parish council, which may have a role in making financial decisions and offering guidance on financial matters.
4. The congregation, as they contribute financially to the parish and have a vested interest in how the funds are managed.
5. Donors and benefactors, who may require transparency and accountability in how their contributions are used.
6. External stakeholders, such as church authorities or regulatory bodies, who may have reporting requirements or expectations regarding the management of parish finances.

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