2018 April

Finance Council Meeting Minutes:
 
Tuesday, April 24, 2018
 
Present: Rob Twist, Rev. Dan Noll, Walter Leachman, Becky Brown, Annette Hamlin, Tony Pescatore, Scott King, Joe Beavin, Frank Hsu, Doug Graeff, David Gadberry, Carl Nathe, Donald Vittitow, Joe Escola, Stevie Dennis, Martha Casher, and Kevin Fisher
Not Present: Fr. Vitner Martinez, and Brian Bratten
 
Meeting commenced at 7:30 am.

• Prayer – The monthly parish meeting prayer.  
• Father Dan Noll comments/updates – Father Dan reserved comments for throughout the meeting.
• Approval of the March 20, 2018 Minutes – Frank and David motioned that the Minutes be approved as written. 
• Finance Council Committee Reports:

1. Budget/Finance - a) Scott presented the proposed 2018-19 budget.  All charts, including assumptions, were included in a handout.  After much discussion, the budget was accepted as presented and recommended to Fr. Dan. The budget will be presented to the PPC tonight for consideration and then Fr. Dan will decide on the approval. 
2. School Finance—Stevie discussed the tuition assistance calculation and the allocation of the $204,000 in the budget. The committee is in the process of reviewing the past dues in total and in conjunction with the tuition assistance.  Also, the committee is reviewing a comparison of the PK state child care and other assistance funding  received to PK assistance awarded.   
3. Facilities & Maintenance – Cash Liquidity $400k - Fr. Dan handed out a "Decision on use of $400,000 available 4/24/18" chart. 1. Church renovation $170,000, 2) Lift $15,000, 3) Dishwashers $30,000, 4) Concrete work (Office parking lot $30,000, 5) Advocacy for those facing deportation $50,000, 6) Shelter by playground $10,000, 7) Marketing Study/Training $15,000, 8) Cornelia Nash Fund $40,000, 9) Guatemalan Educational Opportunities Partnership $5,000, 10) MQ School Counseling Enrichment $20,000, and 11) Contingency $15,000.
4. Governance– No report.
5. Resource Enrichment – Fr. Dan reported that the Legacy Society dinner is planned for May 23rd and the membership invitation dates are in progress.
6. Human Capital – Walter Leachman announced his retirement effective August 31, 2018.  A committee consisting of Joe, Scott, David, Becky, and Tony was formed to review the organizational structure and recommend any changes and offer advice to Fr. Dan in the search of personnel options.
7. Night of Angels - The event was April 20th.  The early results reflect a net income of about $38,000.  Becky thanked all the volunteers and supporters.
8. The 2018 Festival is October 12-13.  Melissa Sloan is planning ahead scheduling meetings with the committee volunteers.Festival -
9. Diocesan Annual Appeal - The Diocese has moved this appeal from the spring to the fall.  Fr. Dan is seeking feedback on the timing of this in conjunction with the Stewardship of Treasure and IGiveCatholic.
   ACTS English Men's retreat - The Finance Council men were invited to attend the 4/26-28/18 retreat at Cliffview.
   Financial Reports and Budget Variances— The variance reports comparing actual to budget were provided.
       
   Next Meeting – May 22nd at 7:30 a.m. Meeting adjourned at 8:55 am.