Capital Appeal Financial Report – Submitted by Bob Frymoyer Next meeting on ?. Our debt is now $33,000 from our appeal project budget. Appeal giving in February was $4,500 which was lower than in previous months due to pledges being completed. Despite members giving beyond their pledges and continued non-pledged giving (for which we are grateful), we can expect monthly giving to be reduced. Nonetheless, we expect to be nearly debt free by the end of the year.
But, we will continue to pay our quasi-endowment remaining debt of approximately $200,000 with conintued capital development giving. This will be along with applying 30% of our endowment proceeds toward the quasi debt, pending Council action this month. We plan to do additional review of outstanding pledges after March giving us determined. (See also Finance Chair’s report.)
Administration & Personnel Report – Submitted by Patti Shatto Next meeting on May 3, 2023. The A&P committee met on March 8, 2023. At this meeting, most of the remaining job descriptions were reviewed. Administrative changes were made to some of them in order to reflect updated job titles. The committee also began the process of reviewing policies. We hope to complete the policy review at the May meeting.
February 2023 Reports
Strategic Planning Committee (report 2)_ Report – Submitted by Bob Frymoyer Next meeting on ?. For Council's information the report just submitted below is the draft of the end of year 2022 status report on Trinity's strategic plan. Once it is complete it will be shared with the congregation through our various media. We plan to have a brief discussion at Council's March meeting to share and review.
As you can see in the draft, we are making great progress at acting on the various goals, etc. of the plan. More to be in the coming year for sure. BUT, please take the time to reflect on and recognize the initiatives we are taking. We are "kicking".
Administration & Personnel Report – Submitted by Patti Shatto Next meeting on March 8, 2023. The committee met February 8. The focus of the meeting was reviewing and updating job descriptions for all Trinity staff. This process will conclude in March. The committee will then move on to reviewing the policies in force in order to ensure they are in compliance with current law.
Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ?. The S&T bank loan has been closed and remaining balance borrowed from quasi-endowment fund per last month's actions, leaving a remaining balance of approximately $36,000.
Giving toward the appeal was $4,800 in January, a reduction from previous months. Roughly $2,000 of this amount was from non-pledgers. Best quesstimates of additional dollars to be received form the$30,.000 in remaining outstanding pledges is roughly $10,000, thus indicating our need to rely on non-p;ledges giving to rid ourselves of our debt for this project.
January 2023 Reports
Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ??. Daryl Ackerman's report contains the financial for December for our appeal. In summation….
– Giving was Approx. $6,000 in December. Some members continue to donate above and beyond the pledges;
– After January's loan payment, our loan with S&T bank is around $43,000;
– Finance Committee last week voted to pay off our bank loan
and borrow from ourselves from Quasi-Endowment fund,
thereby saving interest monies in 2023.
– We expect our loan to be repaid to be repaid by the end of \
this year with waning contributions as the year goes on.
We sent out thank you letters to donors who gave in $500 or more during the later half of 2022 and expect to do the same this year. (Such letters may actually stimulate more giving, but we certainly are appreciative of the generous contributions received.)