Parish Finances & Best Practices

Parish Finances & Best Practices

Financial administration, budgeting, and year-end reviews are essential for the stewardship of God’s resources. These best practices provide structure, internal controls, and insights into the parish’s financial health. This ultimately leads to informed decision-making and long-term financial stability.  We will discuss ensuring the church’s financial health and long-term stability in the context of its Financial Administration, Budgeting, and Year-End Reviews. Who should attend?  Priests, Vestry Members, and Treasurers are invited to join ECCT Staff in exploring the intricacies of accounting’s best practices.

Facilitators: Candace Naudé, ECCT’s Accounts Manager, manages all aspects relating to Accounts Payable as well as Accounts Receivable, which includes ensuring vendors get paid in a timely and respectful manner. She is responsible for the daily oversight, financial accuracy, and timeliness of transactions within all primary and subsidiary accounts, financial reports, the management of schedules to generate and interpret essential financial information that is consistent with the prudent management of the institutional funds. Candace is an Army Veteran with a tour of duty in Afghanistan for a year. She has a bachelor’s degree from Southern Connecticut State University, majoring in Music and minoring in Philosophy. She enjoys being a part of the Finance Team and providing a sense of financial security to employees and clients.

Derrick Da Silva, ECCT’s Controller, is responsible for the oversight and reviews of all financial related activities within the organization. He works with ECCT’s external auditors and ensures that internal financial controls are in place and in compliance with General Acceptable Accounting Principles GAAP.

Kathy O’Hearn, ECCT’s Staff Accountant, supervises the Accounts Manager, processes ECCT staff payroll, processes month end close entries, reconciles bank accounts, and assists with audits and financial reporting for ECCT. She came to ECCT 2 years ago with over 20 years of business experience, including corporate and small business accounting and operations management. Kathy graduated from Marist College with a Degree in Business Administration and a minor in Economics. She also has a Post Baccalaureate Certificate in Accounting from Southern Connecticut State University. 

Thomas Rouse is a parishioner at St. James’s, West Hartford. He graduated from Trinity College and UConn Law and has been a practicing attorney in Connecticut since 1975. Tom is currently a member of the Standing Committee and served on Mission Council representing the NC Region. He is the Treasurer of Camp Washington, our ECCT camp and retreat center and serves as the Chancellor of Christ Church Cathedral.

Vestry 101

Have you ever wondered what a Vestry does? Have you ever thought of offering your gifts and serving on your parish’s Vestry? Please join this workshop as we engage these questions and others.   

FACILITATORS: The Reverend Canon Ranjit K. Mathews has been Canon to the Ordinary on the Bishop’s staff since October 2023. Prior to his current assignment, Ranjit served as Canon for Mission Advocacy, Racial Justice and Reconciliation for nearly two years. He served as rector of St. James Episcopal Church in New London, CT. In 2019, he was named a Community Partner by the New London chapter of the NAACP. He previously served as Partnership Officer for Africa on the Presiding Bishop’s staff of The Episcopal Church. As a diplomat from The Episcopal Church and the Presiding Bishop to Anglican Provinces and dioceses in Africa south of the Sahara, Canon Ranjit worked towards mutual mission priorities amongst Anglican/Episcopal partners in the region.

As clergy deputy from ECCT, Ranjit served as secretary of the Social Justice and International Policy Legislative Committee for the House of Deputies for the 80th General Convention and he chairs the interim Task Force of Dialogue with South Sudanese Anglicans living in the diaspora. He is a board member of Episcopal Relief and Development and the Episcopal Evangelism Society; and serves as clergy representative on The Episcopal Church’s delegation to the Anglican Consultative Council. Ranjit lives with his spouse, Johanna, their two boys, Dhruv and Kabir, and their dog, Samara. He grew up in the Boston area and considers New England home. He loves national and local politics, pop culture, hip-hop, sports, and travel.

Vicki MarkAnthony is a retired teacher and has served Christ Church Easton as Lector, Chair of Mission and Outreach, Chair of Concerts on the Hill, Stewardship, Lay Leader, and Preacher. She is currently serving as Senior Warden. Being without a priest-in-charge has been an education and a challenge that has brought her closer to the congregation.