Finance Committee

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Diocese of Pennsylvania Finance Committee

The Finance Committee came into being as a result of a resolution recommended by the Financial Review Committee and adopted at Diocesan Convention in November 2012.  Its inaugural meeting took place on December 11, 2012.

In the interest of keeping you informed about our work, a membership list is posted on this part of the diocesan website and minutes of each monthly meeting will be posted when they are approved at the subsequent meeting.

Should you have any questions about the work of the Finance Committee please contact its Chair, Mr. Eric Rabe at ericrabe@me.com

Finance Committee Membership

The committee is composed of 13 voting members and three ex-officio non-voting members.  Voting members include six persons elected by Convention.  Three are clergy and three lay, and each is elected for a three year term.

Finance Committee, 2017

Mr. Norman McClave, Chair
Mr. Peter Datos, Vice Chair

Ann Booth-Barbarin, Secretary

Committee Voting Members


Ex Officio:

The Rt. Rev. Daniel Gutiérrez, Bishop
Mr. James Pope, Diocesan Treasurer


Elected by Convention:

The Rev. Charles Flood                      (Class of 2017)
Mr. Norman McClave                         (Appointed to fill term; Class of 2017)
The Rev. George Master                     (Class of 2018)
Mr. John Loftus                                  (Class of 2018)
The Rev. Sarah Hedgis
Ms. Dana Hall                                     (Class of 2019)


Appointed:

The Rev. Deirdre Whitfield                (By Standing Committee)
Mr. Eric Rabe                                      (By Standing Committee)
The Rev. Mike Rau                             (By Diocesan Council)
Mr. Peter Datos                                   (By Diocesan Council)
Ms. Ann Booth-Barbarin                    (By the Bishop)


Non-Voting Members:
Doug Horner, Diocese Finance Officer

Norman McClave, Church Foundation
Douglas Sisk, Commission on Clergy Compensation and Employee Benefits

 

Responsibilities of the Finance Committee:

 –  Direct and manage the annual budget process of the Diocese as set forth in Canon 7.3 (Budget Subcommittee):

  • Oversee a unified budget process that incorporates both the Episcopate and Program Budgets.  The budget will be approved annually by Convention. 
  • Exercise the authority to increase or reduce budgeted expenditures in order to respond to changes in expenses or revenue between Conventions, provided any such changes are in keeping with the mission and ministries of the Diocese.  The Finance Committee may reallocate funds among budgeted expenditures with the approval of the Bishop, Standing Committee, and Diocesan Council.

–   With regard to the acquisition, management, and disposition of real property and tangible personal property (Property Subcommittee):

  • Oversee the acquisition and disposition of real and tangible property held in trust for the Diocese with due regard for the roles of the Bishop and Standing Committee as set forth in Canon13.2, and for the role of Church Foundation
  • Oversee the management by Diocesan personnel of real and tangible property held in trust for the Diocese
  • Oversee the process of selling closed churches and make recommendation to Bishop and Standing Committee in regards to their sale.

–       With regard to the management and disposition of investments in financial instruments (Investment Subcommittee):

  • Review and monitor the investment policy established by the Church Foundation for Diocesan investments at least annually
  • Provide input to the investment committee of Church Foundation
  • Review the results for Diocesan investments as reported quarterly by Church Foundation pursuant to Canon 19.3.2

–       With regard to the general financial affairs of the Diocese (full Committee except as noted below):

  • Determine the short and long-term financial goals for the Diocese consistent with its mission and ministries
  • Determine policies for the acceptance, use, and disposition of gifts to the Diocese
  • Determine a policy for and oversee the implementation of a records management policy for the Diocese
  • Identify and develop alternative options for sources of revenue for the Diocese
  • Oversee, with the assistance of reports from the Canon for Finance, the accounting functions of the Diocese, including audit functions (Diocesan Audit Subcommittee)
  • Recommend uses for proceeds from closed parishes, consistent with the mission and ministries of the Diocese, to the Bishop and the Standing Committee in accordance with Canon 13.2
  • Review financial statements and reports of Church Foundation and Diocesan Health and Welfare Benefits Trust/CCCEB at least quarterly

–       With regard to the parochial affairs of the Diocese (Parochial Relations Subcommittee)

  • Assist parishes in conforming with Canons 16 and 17
  • Consider and make recommendations respecting all appeals for funds within the Diocese of Pennsylvania requiring Diocesan approval
  • Assist parishes in achieving their financial obligations to the Diocese
  • Set guidelines for Parochial Reports consistent with The Episcopal Church and assist parishes with submitting their reports
  • Review and compile statistics regarding Parochial Reports
  • Determine requirements for property insurance for parishes and review parish compliance therewith

–       Manage all other financial affairs of the Diocese not assigned to other individuals or bodies by the Canons

 

Budget Sub Committee

Mr. Norman McClave, Chair

Peter Datos, Vice-Chair

Property Sub Committee

The Rev. George Master, 2nd, Chair

 

MINUTES

July 2017

June 2017

May 2017

March 2017

February 2017

January 2017

December 2016

November 2016

October 2016

September 2016

June 2016

May 2016

April 2016

March 2016

February 2016

January 2016

December 2015

October 2015

September 2015

June 2015

May 2015

April 2015

March 2015

February 2015

January 2015

December 2014

October 2014

September 2014

July 2014

May 2014

April 2014

February 2014

November 26, 2013

October 2013

September 2013

June 2013

May 2013

April 2013

March 2013

February 2013

January 2013

December 2012