Finance Council
Minutes of February 18, 2008
Members Present: Tom Halloran (via telephone), Marty K. Zanotti, Mark Palko, Bob
Pearl, Renee Estremera, Fr. Dave, Doug Hill and Dan Sage
Excused: Marty P. Zanotti and Len Robare
Guest: Eileen Updegrove
Tuition Agreements:
Fr. Dave contacted the neighboring parish schools to determine the tuition that
would be charged to our school families and any additional requirements that had
to be met for those rates.
St. Charles will offer our families its parishioner rate
1st Student – 2,150
2nd Student – 1,850
3rd Student – 1,550
without requiring our families to register at St. Charles.
St. Anthony of Padua will also offer its parishioner rate without requiring
registration.
St. Bart’s would require registration to obtain the parishioner rate. For those
not choosing to register we would have to pay a subsidy of 1,050 per student.
St. Bridget’s has offered a cluster rate without requiring registration however;
the families would have to participate in its fundraisers.
1st – Student 2.300
2nd – Student 1,840
3rd - Student 1380
IWA’s tuition is 3,000 per student and the families would be required to
participate in all fundraisers (including purchasing $3,000 in gift certificates
which go to the school).
Revised Save Our School Plan
A number of parents contacted members of the council to consider a new financial
plan with 200 students which would include fund raising activities similar to
the other schools. These parents would begin to recruit the school families to
re-register at SJB in an effort to get 200 students.
The revised financial plan is based on 200 students and would be a multi-year
plan. Then tuition rates (including fees) would be
1st - Student 2,800
2nd - Student - 5,300 (2,800 + 2,500)
3rd - Student - 7,500 (2,800 + 2,500 + 2,200)
Financial support of $65,000 from the SJB Child Care Center would be added to
the school revenue. There would still be deficit of $100,000 to be overcome.
Establishment of a long-term fundraising programs that will require parent
involvement such as, Reverse Raffle,
Night at the Races, and gift card program.
We need a commitment for fundraising from both the school families as well as by the parish community. For example, we estimate that we could easily raise $100,000 in Giant Eagle gift cards alone. The school families would still sell them to reduce their individual tuitions, as they have been doing, but the parish family could buy them to raise the needed additional funds for the school revenue.
A re-registration program would begin on February 20 – February 27 to see if we
can register 200 students. A letter to the school parents outlining the plan
will be sent home on Wednesday and that letter will be published in the bulletin
on Sunday, February 24th. A town meeting will be held on Thursday night
following 7:00 p.m. Mass to lay out the plan in detail and to answer any
questions.
The revised plan was presented to the Core Group of parents following the
meeting.
Next Finance Council meeting: Tuesday, March 11th at 7:00 p.m. in the Bell
Tower.
Tom Halloran
Chair
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