Financial

At Our Lady of Pentecost Parish we strive to achieve wise and faithful stewardship of our assets and to operate within a responsible and sustainable financial framework. We place high priority on ethical business transactions and on transparent accountability.

To this end, we apply the following practices:

• We develop and monitor a fiscally responsible annual budget (capital, operational and cash flow) and ensure that proper financial controls and systems are in place;
• We ensure compliance with established standards for financial accountability;
• We employ qualified staff and draw on the expertise of parishioners with high-level finance experience to oversee our budget and financial practices;
• We allocate resources to maximise our parish vision and to achieve the strategic priorities of our parish;
• We publish our financial year statements each year in the Annual Impact Report.

The 2023 Annual Impact Report incorporated our three parishes of Camberwell, Balwyn Deepdene and Surrey Hills Wattle Park.

Though our report cannot capture every activity and everything that happened in one year, it is full of interesting memories, sacrament celebrations and facts and figures about our parish life including a financial summary of our parish.

2023 Annual Impact Report

Our Parish Priest holds ultimate responsibility for ensuring that our parish operates within a responsible and sustainable financial framework. He is supported in this responsibility by the Parish Finance and Investment Committee.

The key role of the Finance and Investment Committee is to assist the Parish Priest and the Parish Council, in managing the financial affairs of the parish. The Committee’s advisory and oversight areas include:

• Stewardship contributions and the renewal program;
• Annual parish budget and annual reporting to Archdiocese and to parishioners;
• The financial, business and corporate governance aspects of the Barnsbury Retirement Village;
• Stewardship of all the parish’s assets.