Home | About Us | Subscriptions | Advertising | El Centinela
Catholic Sentinel | Portland, OR Monday, February 8, 2016
CYO Football 2015 2015 Priest Reassignments, Archdiocese of Portland Cardinal Francis George dies Mothering with faith Sisters of the Holy Names, 2015 Live Nativity at St. John the Baptist 2014 Fall CYO results Catholic Charities Donor Lunch 2014 Year of Consecrated Life opening Mass Holy Spirit Sisters Jubilee 2014 Seaside youth conference Mount Angel 125th Northwest Hub Furlow at papal Mass 2014 Rosary Bowl NW Brother André 2014 Fall 40 Days for Life 2014 Inauguration of Fr. Mark Poorman Coffee shop at abbey First day of school, 2014 Regis High School 50th anniversary 2014 Crooked Finger Pilgrimage Mass with migrant farm workers Maronite Ordination Consecration to "Immaculate Heart of Our Lady of Fatima" CYO track Southern Oregon Evangelization 2014 Priest Ordination Christ the King youth 2014 priest reassignments Our Lady of Lavang Confirmation, 2014 Memorial Day 2014 2014 Transitional deacon ordination Padre Foster Granados visits Albany Bishop Smith ordination Canonization of Pope John Paul II, Pope John XXIII Bishop Peter Smith 2014 Easter Vigil 2014 Walk of Cross 2014 Chrism Mass CYO basketball 2014 St. Patrick of the Forest 150th Catholic Charities Celebration of Hope, 2014 Boys2Men Archbishop visits Oregon State Penitentiary 40 Day Vigil for Life, 2014 Pope Francis creates new cardinals St. Henry shelter 2014 CYO swimming Funeral of Fr. George Wolf Travel on a budget Lunar New Year, 2014 Tech in Catholic schools 2014 Right to Life Rally Archbishop visits Santiam Prison First Mass in Oregon Milwaukie Posada St. Francis, Sherwood, Toy Drive Central Catholic football Typhoon Haiyan Deacon Ordination/ Kresbach, Schmitt A Catholic fisherman St. Cecilia Centennial Southern Oregon Welcome Mass Shepherd of the Valley, Central Point, dedication Grotto Anniversary 2013 Champions of Faith Dinner Gardenripe farms Coleman hop farm Corvallis Year of Faith Archbishop Howard at St. Rose Hitchhiking priests Franciscan Spiritual Center Sacred Heart, Medford Migrant Mass Tanzanians' jubilee World Youth Day 2013 2013 Blessing of the Animals 2013 Freedom Mass Albany school closure Fabric art Megan graduates from Catholic school St. Vincent de Paul Hillsboro 2013 Deacon ordination Sister Theresa Lamkin St. Helen Mission, Brownsville Marist Brainiacs St. Mary, Eugene St. Francis eighth graders Ascension confirmation 2013 Pastoral Ministry Conference St. Joseph Salem — Year of Faith Archbishop Sample's Installation Mass 2013 Archbishop Sample Chrism Mass 2013 2013 Young Catholics Pope Francis inauguration Celebration of Hope Vlazny Farewell Mass Archbishop Vlazny Farewell St. Paul Church in St. Paul Valley Catholic Green Building Rite of Election 2013 Water summit 2013 Lunar New Year Alveda King in Eugene New Monsignors, 2013 2013 Right to Life Rally MLK Mass, 2013 St. Henry, Gresham, Centennial Jesuit High drama School uniforms Friar in the mall Holy Trinity food ministry January Book Covers St. Andre Bessette food Year of Faith Mass Nestucca Sanctuary Hillsboro Choirs Father Betschart installation Salem Religious Freedom Rally Year of Faith Vespers, Awards Roy's Catholic School Adelante Mujeres 10th anniversary New Blanchet House Missionaries of Holy Spirit Priest, religious photos Providence Nursing Schools Pioneros Fortnight for Freedom Mark Bentz Deacon Ordination OLL School Walk Through Gaga over science St. Philip Neri Centennial Ordination of Bishop Cary SVDP, Grants Pass Holy Cross School centennial Confirmation - Mount Angel Holy Land Pilgrimage Blanchet Watershed Chrism Mass, 2012 Bishop-designate Cary Pope in Cuba, 2012 SSMO 125th Jubilee Mass Pope Benedict in Mexico 2012 Catholic Charities Celebration 2012 Madeleine Mardi Gras Centennial Rally for Life, 2012 Martin Luther King Jr. Mass 2012 Day Laborers-Guadalupe Guadalupe 2011 Christ the King, Milwaukie, 50th Sesame Doughnuts Central Catholic Volleyball St. Peter Centennial Deacon Ordination, October 2011 St. Agatha Centennial Rosary Bowl 2011 St. Wenceslaus, Scappoose, Centennial Filipino celebration Polish Festival 2011 Holy War Football 2011 World Youth Day 2011 Sun Gold Farm Our Lady of Victory's New Church Freedom Mass 2011 St. Mary Church Steeple Removal Priest reassignments, 2011 Old Catholic Buildings Paige Rice, St. Mary's runner Graduation 2011 Easter vigils 2011 Pastoral Ministry Conference Basketball Holy War 2011 Search for Peace 2011

Pacifica Senior Living - Calaroga Terrace

Home : News : Pope Francis/Vatican
Pope creates committee to revamp Vatican's bookkeeping, fiscal responsibility
Catholic News Service


VATICAN CITY  -- Pope Francis has named a new commission to investigate current accounting practices among all Vatican offices and bodies and to help devise new strategies for greater fiscal responsibility and transparency.

The new pontifical commission of business and legal experts will "offer technical support" and "develop strategic solutions" to help the Vatican simplify and better coordinate its scattered resources, budgets, properties and assets, and create "a more careful organization of the economic activities of all Vatican administrative offices."

The Vatican announced the creation of the new commission July 19, saying its eight members would "begin its work as soon as possible" with its first meeting scheduled right after the pope returns from Brazil July 29.

The pope authorized the creation of the Pontifical Commission for Reference on the Economic-Administrative Structure of the Holy See July 18 with a document called a "chirograph," a brief writing on a very limited subject.

The Vatican said the goal of the commission is to find ways that help the Vatican "to avoid the misuse of economic resources; to improve transparency in the process of purchasing goods and services; to refine the administration of goods and real estate; to work with ever greater prudence in the financial sphere; to ensure correct application of accounting principles; and to guarantee health care and social security benefits to all those eligible."

The commission will also "be able to collaborate, on request, with the working Group of Eight cardinals in drafting a plan for the reform" of the curia through revision of the apostolic constitution "Pastor Bonus."

The new commission, which is made up of experts in the field of law, economics, business and finance, is the third independent body the pope has created since his March election to help him in his efforts to reform the central offices of the church.

He created an international panel of cardinals, the so-called "Group of Eight," in April to advise him on reforming the Vatican bureaucracy, and he appointed a five-member papal commission in June to review the activities and mission of the Vatican bank. All three advisory bodies are charged with studying specific problems and concerns, drawing up concrete solutions, then relaying all of their studies and results directly to the pope.

The groups do not substitute or override the Vatican's current supervising authorities. However, they have wide powers in that no Vatican office's policy of confidentiality or other legal restrictions will be allowed to limit or impede any of the groups' right to access and investigate the "documents, data and information necessary to carry out the duties entrusted to it," the papal documents have said.

Jesuit Father Federico Lombardi, Vatican spokesman, told reporters that the new commission will be covering "an extremely broad" array of Vatican offices, including the commission overseeing Vatican City State, the Vatican's investment agency (APSA), the Vatican basilicas, as well as every individual office and organization within the Vatican.

The new commission is made up eight people: All but one are laypeople; one is a woman; and two already consult or provide financial oversight for the Vatican. All but one, a former government minister from Singapore, are from Europe.

Msgr. Lucio Vallejo Balda, the commission's secretary, is the group's delegate charged with collecting the information and documents needed for its work; he is also secretary of the Prefecture for the Economic Affairs of the Holy See, the Vatican's budget management office.

Maltese economist Joseph Zahra is the commission's president and is already an auditor of the Vatican's budget management office.

Some of the other members include: Francesca Chaouqui, an Italian who works in public relations and communications for Ernst & Young Italy; and George Yeo, a former government Cabinet minister in Singapore, who served at different times as minister of health, of information and the arts, of trade and industry, and of foreign affairs.

The papal document said the commission was formed after "reflections on the positive numbers," that is, surpluses, in this year's Vatican budget reports and after getting input from many of the world's cardinals, bishops and consultants.

The pope had discussed the idea of creating the new commission when he met July 3 with the Council of Cardinals for the Study of the Organizational and Economic Problems of the Holy See, which regularly reviews the Vatican budgets.

South African Cardinal Wilfred F. Napier of Durban, a council member, said the pope told the cardinals he wanted a study group to look at issues such as transparency and accountability and come up with ways the Vatican could better manage "what, why and how" monetary resources are being used by the different offices and entities.

Cardinal Napier told Catholic News Service July 4 that the pope said "certain things needed to be put right" after an external group of international auditors found that "quite a few things need attention."

The South African cardinal said the biggest problem is the lack of a "unified finance controller and policy" in the Vatican. Some offices work together and some are independent when it comes to budgeting and oversight. The patchwork approach, he said, means "no one knows what's going on" in the big picture.

He said that coming from an Anglo-Saxon culture meant that he is used to a budgeting approach that involves the allocation of a set amount of resources along with a review of how the resources were used and why.

However, he said he found the method of accounting being used at the Vatican seemed to involve simply calculating annual profits and losses, and comparing those figures to past years.

"For us it's a bit strange. It doesn't seem normal," he said, but until now no one at the Vatican seemed to understand why he and other cardinals found that odd.

However, he said, "It's quite clear Pope Francis was listening very carefully" during the pre-conclave meetings in March during which the world's cardinal made strong recommendations for greater reforms. The pope "is going to make sure that something will happen," the cardinal said.



Advanced Search










Mary Jo Tully ~ The Path to Resurrection

News | Viewpoints | Faith & Spirituality | Parish and School Life | Entertainment | Obituaries | Find Churches and Schools | About Us | Subscriptions | Advertising
E-Newsletter | RSS Feeds

© 2016 Catholic Sentinel, a service of Oregon Catholic Press

Software © 1998-2016 1up! Software, All Rights Reserved