Parish Financial Transparency

​​In these tough economic conditions, the careful stewardship of parish funds has never been more critical. Financial transparency is about more than parishioners becoming aware of parish finances and what they are used for.

Unless provided with a full picture of the parish’s financial situation, parishioners cannot become responsible in matters pertaining to the co-accountability of church finances. OLC’s Finance Committee helps to review investments and potentially increase our returns. However, being able to effectively track and analyze your church’s financial performance is crucial. Two tools that can greatly aid in this process are a budget and a profit & loss statement. These statements provide valuable insights into OLC’s revenues, expenses, and overall profitability.