Mary, Mother of God Parish
Meeting Minutes for 04/20/2023
St. Ita Jubilee Hall – 7pm
Council members received the minutes of the March meeting and the financial statements and reports earlier via email the agenda.
The meeting began at 7:00pm with Father Bob leading us in prayer.
Jim Muss made a motion to approve the minutes which was seconded by Don Haider. The minutes were unanimously approved.
Updates from Father Bob
Financial Report July 1, 2022, through March 31, 2023
FY 24 Budget
The projected budget operating loss is approximately 400,000 (without the benefit or Net Fundraising Income and Interest & Investment Income included in the draft). Considerable discussion took place involving all members of the Council regarding how best to present the FY24 budget, including how to share it with parishioners. Much discussion surrounded the progress made by the Fundraising Strategy committee and the need to reallocate funds held at the Arch Bank into higher yielding products. Stuart and Yasmin will continue finetuning the budget and include Other Income and Expense items that are regularly seen from year-to-year, so the Finance Council has a broader financial picture.
Buildings and Grounds Report
At Saint Ita:
11 projects were presented for FY24. The Finance Council approved an amount totaling $148,500 to fund those projects.
Cultural Center Update
The fundraising committee met. Our fundraising events are not significant fundraisers. Some ways we can fill the gap for our budget deficit:
The May 25th meeting has been moved to May 11th
The meeting ended at 8:07 pm with Father Bob leading the council in prayer.