Finance Council Meeting, Feb 16:
Attendees: Michele Stevens, Chuck Mashek, Tom Singewald, Janine Roberts, Chris Holthaus, Fr David Schatz. Also present: Deacon Phil Paladino, Dixie Jacobs.
Minutes were reviewed and accepted as written.
Monthly Financials: Offertory is about $22,000 above budget. Adjusting for the extra weekend in January this year, offertory is almost $10,000 above last year’s giving. Utilities are $3,000 below budget due to this year’s warm winter. NCYC was $4,000 in the “red” due to some last minute cancellations and unexpected expenditures. To meet operating expenses in the fall, we took a $25,000 general savings withdrawal. With offertory significantly above budget, the $25,000 will be returned to the savings account this month.
LED Lights: Tabled. The conversion to LED lights will be evaluated further for the whole facility and a proposal presented at a later meeting.
Building & Grounds Proposals: Tabled due to time constraints.
Executive Session - 2016/17 staffing
Feb Agenda: Decision item – salary packages; draft budget; building & grounds’ proposals.
Update – Salary Package Summary: Increase to salaries $9640. Increase to cafeteria packages $2595. Total salary package increase for all employees is $12,235.