Constitutions and Statutes - The Mill Hill Missionaries

D125 The General Council establishes a Financial Councilunder the chairmanship of the Councillor forFinance which meets regularly to share informationabout Society finances, and learn about practicesin the different Regions. It examines andanalyses the Society’s accounts in order to developa global view of the Society’s financial affairs, andit makes recommendations on financial matters to theGeneral Council.D126 The principle of consultation with regard to budgetsand financial statements holds good at every level ofthe Society.D127 The Central Society Account is maintained for thespecific tasks of the General Council and the centraladministration of the Society. Its income derivespartly from investments and partly from allocationsmade to it by the Regions. It is administered, onbehalf of the General Council, by the FinancialSecretary.D128 Each Regional Council administers its accountsthrough the Regional Bursar who advises and assiststhem. When the Regional Bursar is not a member ofthe Regional Council, one member is chosen to liaisewith him. The accounts are normally audited eachyear.D129 In Society Areas, the Representative or Group Leader,together with his council, presents a budget to theGeneral Council for the expenses of his office, and foran emergency fund for the assistance of Members andAssociates in special need. A financial report issubmitted annually to the General Council.34