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The purpose of
this Committee is to work with the Principal to objectively oversee, and
establish preliminary policies with respect to, all financial matters of All
Saints Catholic School. This
Committee functions as an Ad Hoc Committee of the SAC and will report to, and
operate under the direction of the Pastor,
Principal and SAC.
This
Committee will assist the All Saints Parish Finance Council (“Parish Finance
Council”) in fulfilling its obligations to the Parish by providing the
recommended Annual Operating and Capital Budget and other periodic financial
status reports to the Parish Finance Council.
The
authority of this Council will encompass working with the Principal to perform
the following functions:
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Develop, with input from the Principal, an operating and capital
budgeting process, including one, two, three, and four and five-year budget
outlooks.
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Develop,
recommend and submit Annual Operating and Capital Budgets for submission to
the SAC, Pastor, Principal, and Parish Finance Council.
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Establish
tuition and fees, payment terms, enrollment contract terms, tuition
insurance requirements, contribution requirements to the Church and the
Capital Campaign, and financial aid criteria for submission to the School
Advisory Council and Pastor.
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Define
periodic and ad hoc financial reports relating to the School to be prepared
by the Parish business office or the School business office.
Determine the schedule on which these reports will be provided to and
reviewed by this Council.
Members
of the Council are:
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