The following policies apply to all projects except Category II. Any Parish expecting to borrow funds for the construction or substantial expansion or renovation of any Parish facility must have the prior approval of the Archbishop. This approval will be determined during the Needs Analysis Study, described at Preliminary Analysis and Planning.
The Department of Management Services (DMS) must confirm that, unless exceptional circumstances exist, the following seven requirements have been satisfied before project approval can be given:
The limit for direct debt or for contingent liabilities of the AOB will be determined by a formula approved by the BOFA.
Please click on the following links for other essential financial policies.