Grand Knight Handbook
Grand Knight Handbook
Grand Knight Handbook
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23<br />
FINANCIAL OBLIGATIONS<br />
The following is offered to assist grand knights in becoming<br />
acquainted with the financial obligations of his position as rapidly<br />
as possible and thus to prevent future misunderstandings.<br />
Per Capita Tax [PCT]—Councils are billed in January and July at<br />
$1.75 per member based on the members of record on file at<br />
the Supreme Council office on the first of each of those months.<br />
Catholic Advertising Fund [CAF]—Councils are billed in<br />
January and July at $.50 per member based on the members<br />
of record on file at the Supreme Council office on the first of<br />
each of those months.<br />
Culture of Life Fund—Councils are billed in January and July at<br />
$1.00 per member based on the members of record on file at<br />
the Supreme Council office on the first of each of those months.<br />
The financial secretary receives a Council Statement each<br />
month from the Supreme Council office 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 of his council’s financial<br />
standing as it relates to the Supreme Council office. Each<br />
month the grand knight receives a membership and financial<br />
statement from the Supreme Council office that contains similar<br />
information.<br />
Is there a time limit on council payments to the Supreme office?<br />
Yes! Section 156 provides that assessments (and supply<br />
charges) must be paid within three months and ten days<br />
[100 days] of the first of the month in which the billing is<br />
received as follows: