Finance Council
Minutes of October 8, 2007
Members Present: Tom Halloran, Marty K. Zanotti, Mark
Palko, Bob Pearl, Renee Estremera, Marty P. Zanotti and
Fr. Dave
Excused: Len Robare, Dan Sage and Doug Hill
Parish Financial Report Review
The annual report to the diocese has been submitted and now we must present it
to the parish.
It is planned to present the financial report on the weekend of December 2 - 3.
The reports will be published in the bulletin and discussed
by a member of the council during the homily.
Status of School Programs
Mrs. Updegrove reported that the Spanish language program and the Hot Meal
program have been successfully implemented.
She has contacted the vendors for cost estimates to continue Spanish next year
($13,041, 1% increase) and the Technology instruction Program ($17,500, more
than 3% increase).
These cost will be added to the budget for evaluation.
The school office will work with Nancy Lorincz on implementing Quicken for the
school accounts.
There is a need to isolate the technology fee from the general fee income.
We would prefer not to open a new checking account.
We need to establish tuition and fees for the Pre-school for next year.
It must be self-sustaining at a minimum.
The school will provide the current and projected enrollment.
Roof Repairs
Two contractors will be scheduled to visit the week of October 22 –26.
Parish Budget 2007-2008
The first version of the parish budget was presented to the council.
It was based on an extrapolation of financial reports for the prior two years.
Several areas need to be revised as the income and expenses will be changed by
the
current enrollment in the school, the projected income from next year’s festival
and the elimination of the Heritage building expenses.
The projected cost of the roof repairs will have to be modified when bids are
awarded.
Gift Certificate Program Expansion
The initial weekend sales were about $1,400 which will net us about $65.
There was some interest in purchasing the certificates weekly, however, we need
to evaluate the
methods of delivery before doing any expansion.
If credit cards had been used; our $65 return would have been reduced to $23 (at
a 3% processing fee) or $37 (at 2%).
Next Finance Council meeting: Monday, November 13th at 7:00 p.m. in the Bell
Tower.
Tom Halloran
Chair
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