ARTICLE 3:
THE FINANCE COMMITTEE AND THE FINANCIAL ADMINISTRATOR
Can.
492 §1 In each diocese a finance committee is to be established, presided over
by the diocesan Bishop or his delegate. It is to be composed of at least three
of the faithful, expert in financial affairs and civil law, of outstanding
integrity, and appointed by the Bishop.
§2 The
members of the finance committee are appointed for five years but when this
period has expired they may be appointed for further terms of five years.
§3 Persons
related to the Bishop up to the fourth degree of consanguinity or affinity are
excluded from the finance committee.
Can.
493 Besides the functions entrusted to it in Book V on 'The Temporal Goods of
the Church', it is the responsibility of the finance committee to prepare each
year a budget of income and expenditure over the coming year for the governance
of the whole diocese, in accordance with the direction of the diocesan Bishop.
It is also the responsibility of the committee to account at the end of the
year for income and expenditure.
Can.
494 §1 In each diocese a financial administrator is to be appointed by the
Bishop, after consulting the college of consultors and the finance committee.
The financial administrator is to be expert in financial matters and of truly
outstanding integrity.
§2 The
financial administrator is to be appointed for five years, but when this period
has expired, may be appointed for further terms of five years. While in office
he or she is not to be removed except for a grave reason, to be estimated by
the Bishop after consulting the college of consultors and the finance committee.
§3 It is
the responsibility of the financial administrator, under the authority of the
Bishop, to administer the goods of the diocese in accordance with the plan of
the finance committee, and to make those payments from diocesan funds which the
Bishop or his delegates have lawfully authorised.
§4 At the
end of the year the financial administrator must give the finance committee an
account of income and expenditure.
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