Church of the

7580 Clinton Street
Elma, New York 14059


Finance Committee


Finance Committee

Meeting Minutes –April 26, 2017




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


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



Stewardship is having the wisdom to understand that everything we have is a gift from God.

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