Finance Committee Minutes 9/16/14
Present: Fr. Dan Noll, Scott King, Walter Leachman, Joe Beavin, Rob Twist, Cheryl Gatzmer, Frank Hsu, Bill Richer, Ron Wedding, Becky Brown, Don Vittitow, John Tibe, Wayne Rickert
Scott King opened the meeting @ 7:35 AM with communal prayer and reflection by all present.
Minutes of the August 19 meeting were approved on motion by Frank Hsu and
seconded by Cheryl Gatzmer.
No committee reports were made as the meeting was dedicated to a review of the 5-Year financial plan submitted by Rob Twist.
Rob Twist led the members through the 5 Year Plan covering Income, Cash Flows, Outstanding Loans, current and projected balance sheets, and Future Goals for the council to consider.
Members contributed comments, questions to each area covered and the need for additional information in several areas.
Fr. Dan thanked Rob and others for the efforts in producing the forecast and was hopeful that we would be able to fulfill our expectations of increasing income and reducing debts. He believes we are on the right track as we look to the future.
Walter Leachman announced the preliminary Festival results showing income of
$112M and anticipated expenses of $52-62M for the event.
The meeting adjourned at 9:10AM.
The next scheduled meeting is Tuesday, October 21 @ 7:30AM
last updated 11/06/2014 jm
