Church of the
Annunciation

7580 Clinton Street
Elma, New York 14059

716.683.5254

Finance Committee

ANNUNCIATION CHURCH ELMA, NY

Finance Committee

Meeting Minutes –April 26, 2017

 

Attendance:

Present

Fr. Gene Ulrich, Larry Zielinski, Joseph Widmer, David Walsh, Kris DiScipio, Jack Bergmann, Mike Skrip, Deacon Jim Jaworski, John Neidhart

Absent

Robert Ziolkowski

 

 

I   Minutes Approved of March 22, 2017 Meeting

  • Discussed amended minutes related to Annunciation Service Club request
  • Motion to amend March 22, 2017 meeting minutes by Joseph Widmer
  • Seconded by David Walsh
  • Minutes approved as amended

 

II   Building and Grounds Committee Report to Finance Committee and Capital Needs FY 2017/2018 –

                     John Neidhart

  • Roofing repairs to date at total cost of $103,000 includes areas within church and Selbert Hall.
  • Additional planned repairs of roof replacement and HVAC unit to Selbert Hall walkway into church and meeting room will cost approximately $20,000 to $25,000. This will occur in FY 2016/2017.
  • Diocese of Buffalo aids in “bid package” support
  • Discussion occurred regarding planned rectory repairs and replacement of windows, roof and HVAC. Priorities and subsequent funding costs will be determined.
  • Church Sacristy roof will be repaired in FY 2017/2018
  • Parish Grounds Septic Systems – Macken will determine appropriate needs for repair/replacement. Bids will be obtained for necessary work.

 

III  March 2017 Financials – David Walsh

  • Parishioner receipt revenue $57,112; total church net revenue $63,803 v. $66,784 plan
  • Net Parish expenses $79,427
  • Net cash flow (-)$15,624 v. planned (-)$11,448  (includes Interest/Investment income)
  • YTD FY 2016/2017 net cash flow $109,522
  • YTD 2016/2017 parishioner receipt revenue $474,275 v. YTD 2015/2016 $505,235
  • Investment/Income value decreased by $572
  • Master Plan Building Fund balance is $528,587
  • March 2017 Parishioner revenues $6,793 unfavorable to plan
  • March 2017 special donations for picnic $2,333
  • Holy Name Society donated $3,647 to provide for Holy Name Society Room updates

 

IV Fiscal Year 2016/2017 Capital Spending - Deacon Jim Jaworski

  • A new “used” truck for parish needs was purchased for $12,000
  • The parish’s old truck was sold for $6,000

 

V   Diocese of Buffalo Lay Pension Plan Update – Fr. Gene Ulrich

  • Ongoing discussions with representatives from Diocese of Buffalo, Hart & Keenan Company and parishes assessed with a proposed “unfunded obligation” determined by the Diocese of Buffalo.

 

 

Next meeting: May 24, 2017 @ 7:00 pm Parish Center

 

Respectfully submitted by Mike Skrip

 

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