Church of the
Annunciation

7580 Clinton Street
Elma, New York 14059

716.683.5254

Finance Committee

ANNUNCIATION CHURCH ELMA, NY

Finance Committee

Meeting Minutes – 

June 28, 2017

 

Attendance:

Present

Larry Zielinski, David Walsh, Jack Bergmann, Mike Skrip, Deacon Jim Jaworski, Robert Ziolkowski, Kris DiScipio, Joseph Widmer, Melissa Weisenburg, Sarah Saltarelli, Peter Bassey. Guests: Thomas Franczyk, Richard Jauch

Absent

Fr. Gene Ulrich

 

 

I   Minutes Approved of May 24, 2017 Meeting

  • Motion by David Walsh
  • Seconded by Jack Bergmann
  • Minutes approved 

 

 

II   Youth Faith Formation FY 2017/2018 Budget Presentation - Melissa Weisenburg, Sarah Saltarelli

  • Focus for upcoming year “Take Head Knowledge to Heart Knowledge” – Relationship with Jesus/Church especially in high school
  • Program Theme:  Heart of God – Provide for a relationship with God, and an encounter with God
  • The planned program is in compliance with Diocese of Buffalo new curriculum guidelines for the 2017/2018 year
  • Numerous planned initiatives will be instituted among families, young children, junior high school youth ministry participants (Edge), and the vibrant high school youth ministry (Lifeteen)
  • There will be intergenerational events among all Youth Faith Formation programs emphasizing prayer and community
  • FY 2017/2018 budget includes planned revenues $69,639 and anticipated expenses of approximately $198,000 for a planned Youth Faith Formation parish investment of $128,000. This will be reviewed when the overall FY 2017/2018 Annunciation Parish budget is formulated

 

 

III May 2017 Financials – Robert Ziolkowski

  • Parishioner receipt revenue $69,522; total church net revenue $72,697 v. $70,059 plan
  • Net Parish expenses $53,828
  • Net cash flow $18,869 v. planned $9,741  (includes Interest/Investment income)
  • YTD FY 2016/2017 net cash flow $140,451
  • YTD 2016/2017 parishioner receipt revenue $610,777 v. YTD 2015/2016 $634,003
  • Investment/Income value increased by $1,434
  • Master Plan Building Fund balance is $559,516
  • Total Church revenue was better than plan due to $2060 in donations directed to 2017  

      Annunciation Picnic

  • The Scrip Program no longer exists. The program checking account was closed and funds were 

      placed in the Parish Primary checking account

 

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

  • Parish is awaiting bids for window replacement in rectory
  • Selbert Hall/Kitchen Master Plan upgrade cost is $20,809
  • Discussion occurred regarding methods of financing the Annunciation Cemetery Master Plan.  

      Topics included providing inter-department financing or a Parish “loan” for the planned Cemetery    

      project

 

 

V   Church of the Annunciation Parish Master Plan Update - Deacon Jim Jaworski

  • A Parish Town Hall Meeting was held June 19, 2017 to provide parishioners with an overview of the

       Master Plan including Architectural Site Drawings

  • A meeting with the neighbors adjoining the Parish campus was held June 15, 2017 to discuss the    

       Master Plan. The Cemetery upgrade, Pavilion/Garage Building, a new playground, and other site  

       improvements were discussed.  Architectural Site Drawings were available and reviewed by  

       Thomas Kujawa, principal architect of K-Arc Design. Subsequent to this meeting there were 

       modifications to the Plan to reposition the Pavilion/Garage and provide noise/site reduction 

             considerations through appropriate landscaping.

  • A meeting with Town of Elma Supervisior Dennis Powers and Building Inspector/Zoning Officer    

       Joseph Colern was held June 26, 2017 to provide information to the Town of Elma. The site plan 

       will be presented to the Town of Elma Zoning Board and Planning Board in August 2017.

  • The Diocese of Buffalo has been informed and consulted on all ongoing matters related to the 

       Church of the Annunciation Master Plan

 

 

VI   Diocese of Buffalo Lay Pension Plan Update – Deacon Jim Jaworski

  • Discussion occurred regarding satisfying the Annunciation Parish “unfunded liability” for the Diocese of Buffalo Lay Pension Plan as calculated by the Diocese and Hart & Keenan Company.

The Finance Committee voted to support Fr. Gene’s decision to pay in full the calculated obligation.

  • The “Present Value” of the Annunciation School unfunded pension liability was calculated, and a 

       check for $80,592 was forwarded to the Diocese of Buffalo

 

 

Next meeting: July 26, 2017 @ 7:00 pm Parish Center

 

Respectfully submitted by Mike Skrip

 

 

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