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:

• AOB Chart of Accounts, July 2018 

        January 26, 2023