The Parish Finance Council is to meet at least quarterly and members are to elect among themselves a chairperson, a vice-chairperson, and a recording secretary annually at first meeting of the new Fiscal Year. Council officers may be reelected, but should not serve more than two successive terms. The vice-chairperson should have at least two years remaining in his/her term of membership to allow continuity in the event the chairperson is unable to continue in office or completes his/her normal term at the end of the current year.
Should a conflict of interest exist or develop, the conflict should immediately be disclosed to the Pastor. He will then decide whether or not the conflict is of such significance as to request the individual’s resignation. Persons with conflicts of interest must excuse themselves from any discussion/commitment involving the matter causing the conflict.