Finance Committee Meeting Minutes
Present: Lulu Philips, Jan Werness, Jennifer Gahnstrom
Financial Reports – We reviewed the financial reports and noted how income continues to lag far behind expenses.
Rentals – We reviewed the rentals and the income they have generated. Jennifer brought the rental policy which we went over. The price guidelines appear appropriate. The policy and prices will be reviewed periodically and adjusted as needed once we have more experience renting.
A question was raised about renting to a non-profit business. Jan will check out what, if any, tax implications this will have for Walker.
Parsonage – No one has brought forward to the Finance Committee a proposal to keep the parsonage. The deadline for proposals to go to Ed Ed was July 1st.
Fiscal Agent for Empty Bowls – Jennifer listed the tasks she will need to do for this. The majority of the financial work will be dealing with checks for individual donations and sending receipts as required by IRS.
The fiscal agent contract we used in the past burned up. It had not been updated for a long time. Jan will start a draft for a new contract and distribute it to other committee members.
Fundraisers – Rummage sale will be third full week of October; set-up begins on October 20th. A silent auction will be held on December 13th.
Vacation – Lulu will be gone from 8/20/14 to 9/13/14 and from 9/25/14 to 10/10/14. She will miss 2 trustees meetings. Other finance committee members can attend if they want, but Lulu didn’t feel it was necessary for another member to attend.
Future meetings – All meetings will begin at 3:00 pm.
August 13th, September 17th. October 15th, November 12th, December 10th
Minutes by Jan Werness
