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Finance Council Meeting Minutes:
Tuesday, April 18, 2017
Present: Frank Hsu, Rev. Dan Noll, Joe Beavin, Walter Leachman, Scott King, Martha Casher, David Gadberry, Stevie Dennis, Becky Brown, Donald Vittitow, Brian Bratten and Annette Hamlin.
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Not Present: Rob Twist, Tony Pescatore and Julian Gorham.
Meeting commenced at 7:35 am.
- Prayer –Frank led the monthly parish meeting prayer.
- Father Dan Noll comments/updates – Father Dan wished everyone a happy Easter, announced that the Diocese has confirmed that Becky will continue as principal of the School, and led the group in singing Happy Birthday to Annette.
- Approval of the March 21, 2017 Minutes –The Minutes were approved as written.
- Finance Council Committee Reports:
1) Budget/Finance –A) Contributions being received from the “50/50” parishoners continue to be tracking as anticipated, but the Offertory contributions from the remaining parishoners continue to be less than projected. It is anticipated, though, that the Parish will experience a positive cash flow of approximately $15,000 over 2016-17 budget projections. B) As a prelude to the discussion of the budget subcommittee’s proposed 2017-18 budget, the financial statements through March 31, including a cash flow statement, were presented and discussed. Various aspects of the statements were discussed, and Walter and Annette addressed questions asked by Council members. Copies of the financial statements presented are included with these Minutes. C) The budget subcommittee’s proposed budget for 2017-18 was presented by Scott King. Among other things, Scott noted that the budgeted projection for Offertory contributions is less than that budgeted for 2016-17 but is slightly higher than what actually is now expected to be received in 2016-17, and that a payroll increase of 3% is included. An enrollment of 427 students is expected for the School, with 46 students receiving the new student incentive tuition rate. After discussion, the Council voted to approve a motion made by David Gadberry and seconded by Martha Casher to recommend to Father Dan that the proposed budget be presented to the Parish Pastoral Council for acceptance. The proposed budget and underlying assumptions are included with these Minutes.
3) Facilities & Maintenance –Nothing new to report.
4) Governance –Nothing new to report.
- —Scheduled for October 13-14.
Night of Angels---Scheduled for May 12.
Resource Enrichment and Financial Planning---There are now 42 members of the Legacy Society; dinner scheduled for May 24.
Diocesan Matters—The Diocesan Annual Appeal for the upcoming year begins April 29-30.
Time and Talent---Sign-ups were March 11-12 and 18-19. Two individuals have expressed interest in serving on the Finance Council.
Human Capital—Melissa Sloan is being hired as the new Parish Life Coordinator.
Next Meeting –May 23 at 7:30 a.m. Meeting adjourned at 8:48 am.