Chart of Accounts/Financial Report Submission to the Archdiocese
FIN 4.0
Principals are required to follow the Archdiocesan Chart of Accounts and to submit appropriate financial, staff and enrollment data.
Purpose:
To follow the operating budget performance of the schools during the year.
To enable the Department of Catholic Schools and the Division of Fiscal Services to assess the financial stability or viability of the schools.
Commentary/Procedural Points:
The school uses the Archdiocesan Electronic Chart of Accounts in devising the school’s budget.
The Department of Catholic Schools cooperates with the Division of Fiscal Services in monitoring the budget.
Principals cooperate with Archdiocesan audit procedures.
By the specified due date, the school submits the Financial Operating Statement for the past school year and the proposed budget for the current school year.
By the specified date, the school submits the Archdiocesan Fall Survey.
References:
January 26, 2023