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Grand Knight's Handbook - Knights of Columbus, Supreme Council

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23<br />

FINANCIAL OBLIGATIONS<br />

The following is <strong>of</strong>fered to assist grand knights in becoming<br />

acquainted with the financial obligations <strong>of</strong> the position as rapidly<br />

as possible and thus to prevent future misunderstandings.<br />

Per Capita Tax [PCT]—<strong>Council</strong>s are billed in January and July at<br />

$1.75 per member based on the members <strong>of</strong> record on file at<br />

the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice on the first <strong>of</strong> each <strong>of</strong> those months.<br />

Catholic Advertising Fund [CAF]—<strong>Council</strong>s are billed in<br />

January and July at $.50 per member based on the members<br />

<strong>of</strong> record on file at the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice on the first <strong>of</strong><br />

each <strong>of</strong> those months.<br />

Culture <strong>of</strong> Life Fund—<strong>Council</strong>s are billed in January and July at<br />

$1.00 per member based on the members <strong>of</strong> record on file at<br />

the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice on the first <strong>of</strong> each <strong>of</strong> those months.<br />

The financial secretary receives a <strong>Council</strong> Statement each<br />

month from the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice indicating all charges<br />

and credits as well as any changes in membership. The financial<br />

secretary should show each month’s statement to the<br />

grand knight so he will be fully aware <strong>of</strong> his council’s financial<br />

standing as it relates to the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice. Each<br />

month the grand knight receives a membership and financial<br />

statement from the <strong>Supreme</strong> <strong>Council</strong> <strong>of</strong>fice that contains similar<br />

information.<br />

Is there a time limit on council payments to the <strong>Supreme</strong> <strong>of</strong>fice?<br />

Yes! Section 156 provides that assessments (and supply<br />

charges) must be paid within three months and ten days<br />

[100 days] <strong>of</strong> the first <strong>of</strong> the month in which the billing is<br />

received as follows:

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