|To manage Diocesan real and personal property; manage Diocesan trusts; exercise Diocesan borrowing functions; approve all Diocesan real estate dispositions; manage Diocesan investments, in particular, those diocesan and parish investments placed in the Diocesan Consolidated Investment Fund; advise and direct the Treasurer of the Diocese; assist in the preparation of the Diocesan budget, guide and advise parishes experiencing financial challenges; collaborate with the Human Resources Committee on issues regarding remuneration and benefits; and other matters including property and liability insurance.||
David Bell, Chancellor
Michael Briggs, Secretary
Gilbert Carter, Chair
Bishop David Edwards
The Very Rev. Geoffrey Hall
The Ven. Cathy Laskey
The Ven. Robert Marsh
|News and Resources|
Diocesan Shared Ministry Budget:
Diocesan Consolidated Investment Fund (DCIF):
Wardens' and Treasurers' Day 2016:
|Roles and Responsibilities|
|Brief Description and Mandate|
|The Constitution of the Diocese of Fredericton creates the Finance Committee as one of two constitutionally guaranteed standing committees of the Diocesan Council (Constitution, s. 11(7)). Canon FOUR, s. 18 confirms the Committee, defines its role and function and establishes its membership (s. 18(2)).|
|On-going Responsibilities and Reporting|
|Canon FOUR, s.18(7) states that the Finance Committee has the duties prescribed in Canon FIVE:|
s. 1. The Committee has the following functions:
The Finance Committee carries out a number of related functions, including assistance in the preparation of the Diocesan budget, guidance and advice to parishes experiencing financial challenges, collaboration with the Committee on Human Resources on issues regarding remuneration and benefits and other matters including property and liability insurance.
As a Standing Committee, the Finance Committee reports directly to Diocesan Council through its Chair and the Treasurer of the Diocese. The Committee also reports through the Diocesan Council’s Administration and Finance Team. The Chair and the Treasurer of the Synod represent the Finance Committee on the Administration Team.
|The members are an approximate equal number of clergy and lay appointments. The lay and clergy members should possess knowledge of and, preferably, expertise and interest in financial
The membership comprises a number of ex officio members, including the Bishop, the Dean, the Secretary of the Synod (who is also the Secretary of the Committee), the Treasurer of the Diocese, the Chancellor (or in her/his absence, the Vice-chancellor), two archdeacons selected by and from the Archdeacons and the chair of the Property Sub-committee. Paragraph 18(2)(j) also provides for the election by Diocesan Council of 6 additional members, of whom no fewer than 4 shall be lay persons. These lay persons must be qualified to be elected to be members of Diocesan Synod, though they need not be members.
The Finance Committee is responsible for electing its chair and vice-chair (Canon FOUR, s.18(6)).
|Sub-groups and Other Links|