Members of the Stewardship/ Diocesan Finance Council (DFC) and areas of expertise
In accordance with Canon 492, the diocesan finance council consists of at least three members of the Christian faithful truly expert in financial affairs and civil law, outstanding in integrity, and appointed by the bishop to serve for five years. At the end of this period, they can be appointed for other five-year term. The council meets four times throughout the year to discuss Diocesan planning, prepare budgets (May meeting) and to examine and account of revenue and expenses, and the Bishop presents a Statement of Income & Expenses and a Balance Sheet (Statement of Financial Position) for all entities under his jurisdiction after the close of the year. (October meeting)
Stewardship Council Meeting Agendas
Ex-officio
- The Most Reverend Salvatore R. Matano – 1150 Buffalo Rd., Rochester, NY 14624
- Very Reverend Paul J. Tomasso – 1150 Buffalo Rd., Rochester, NY 14624
- Lisa M. Passero – 1150 Buffalo Rd., Rochester, NY 14624
- Sister Kathleen Wayne, RSM – c/o 1150 Buffalo Rd., Rochester, NY 14624
- Reverend Daniel J. Condon – 1150 Buffalo Rd., Rochester, NY 14624
- Reverend Daniel E. White – c/o 1150 Buffalo Rd., Rochester, NY 14624
- Sister Mary Lou Mitchell, SSJ – c/o 1150 Buffalo Rd., Rochester, NY 14624
- Martin Palumbos –
- Dr. Stephen Loughlin – c/o 1150 Buffalo Rd., Rochester, NY 14624
Acts of Extraordinary Administration, Canon 1277, decrees that canonical validity requires the diocesan bishop to obtain the consent of the diocesan finance council and the college of consultors, when initiating a program of financing by the issuance of financial instruments, resolving claims by financial settlement, engaging operations that are not substantially related to the Church to generate income, or entering into financial/contractual agreements in which actual or potential conflict of interest with diocesan leaders.
- The maximum limit for alienation and any transaction which, according to the norm of law, can worsen the patrimonial condition is $3,500,000.
- The minimum limit for alienation and any transaction which, according to the norm of law, can worsen the patrimonial condition is $250,000.
- For the alienation of property of other public juridic persons subject to the Diocesan Bishop, the maximum limit is $3,500,000 and the minimum limit is $25,000 or 10% of the prior year’s ordinary annual income ($4,200,000 for the diocese of Rochester YE 6.30.19), whichever is higher.