Finance Council

Reviewed April Financial Reports: income was strong but is still lagging for the fiscal year
Balance Sheet still shows good cash reserves
Current Fund-A-Need (Boiler Replacement) balance is $69,000—great response so far
Repairs to the building from the recent water damage should be complete is 2 weeks
No major repair/replacement projects planned for this summer. Potholes in the parking lot will be filled.
Ash trees along White Bear had to be removed
The Rain Garden project is complete. Trees have been planted.
No updated information on selling Ryan Field
Additional building security enhancements are planned
Budget for next year was discussed
Membership for next year was reviewed

March income from envelope collections were down compared to budget and from last year at this time.
Overall operating expenses are higher than budget and last year but are being monitored closely
YTD Snow Removal is much higher than budget due to our record snowfalls
Parking Lot cleanup and repair was discussed
Status of repairs from the Water leak damage was reviewed
Results from the Fund-A-Need and Friends and Family event were reviewed
2023-2024 preliminary budget was reviewed
Recruiting for new members for Finance Council and Parish Council will be after Masses on April 29 & 30

February Income was lower than budget
Cash reserves are still strong
Utility costs are high but close to budget. Snow Removal is much higher than budget
Next year's budget is being prepared
We took a tour of the building to see the water damage and ongoing repairs. There was extensive damage but insurance will cover most of it.
Plan is to upgrade both bathrooms to modern facilities (toilets first, then sinks). This will lower the chance of this happening again and make them more user friendly
Friends and Family Event and the Boiler replacement Fund-A-Need were reviewed.
Composting program will start soon. This will lower trash removal costs and be good for the environment.
Recruiting for new members for Finance Council and Parish Council will be in April and May

The financial Balance Sheet
Profit and Loss statement for January 2023; we have decreased the amount of deficit in budgeted income for the fiscal year as compared to December 2022
Continued the review of the Finance Council Constitution and Bylaws
Building Maintenance - no major repairs or issues
The replacement of the broken window, now boarded with plywood, at Door 3 will take place when the weather grows warmer; the broken window was accidentally caused by our snow removal company during work after a snowstorm
A decision was made about a maintenance project to fund in the 2023 Friends and Family Event, and an announcement will be made soon to the parish about the project
No activity so far on the selling of Ryan Field

The financial Balance Sheet
Profit and Loss statement. Results were good for November. However, increased Gas and Electric costs are significant.
Building Maintenance issues in the Parish. Increased costs due to a car accident which knocked out power to the building.
Plan to explore expanding the composting program
No activity so far on the selling of Ryan Field

St. Pascal's financial Balance Sheet
4 Additional "Principal Only" donations of $36,184 were received and applied to the mortgage
Profit and Loss statement from October
Building Maintenance issues in the Parish and School buildings
Ryan Field is now on the market
Stewardship Report for 2021-2022 Fiscal year is in the mail