ALL SOULS UNITARIAN CHURCH BOARD MEETING

March 9, 2005

Minutes

 

Board Officers

 

 

 

 

 

 

Johnson, Bruce

President

Present

 

Wetzel, Ed

Treasurer

Absent

Atwater, Rich

V President

Present

 

Middleton, Mike

Secretary

Present

 

 

 

 

 

 

 

Board Members

 

 

 

 

 

 

Murphy, Jane

Exp 2005

Present

 

DeRocker, Joy

Exp 2006

Present

Murphy, John

Exp 2005

Present

 

Miller, Babette

Exp 2006

Absent

Rempel, John

Exp 2005

Present

 

Bartley, Brian

Exp 2007

Present

 

 

 

 

Evans, Sarah

Exp 2007

Present

Boland, Katie

Exp 2006

Present

 

Stanis, Suzanne

Exp 2007

Absent

Byer, Greg

Exp 2006

Present

 

Wiesinger, Eric

Exp 2007

Present

 

 

 

 

 

 

 

Others Present

 

 

 

 

 

 

Clear, Bruce

Minister

 

 

Craig, Bonnie

Office Adm.

 

Clear, Nancy

R. E.

 

 

Sibert, Tom

Cap. Campaign

 

Basson, Rodney

Endowment

 

 

 

 

 

 

 

Bruce Johnson called the meeting to order at 7:04 pm. 

 

Minutes

            Minutes of the February 9 Board meeting were approved.

 

Treasurer’s Report

            Bonnie presented the Treasurers Report.  Our cash flow this year is net positive due to our decision to cut back on the Heartland and UUA dues we pay.  Bonnie also presented a more realistic way to budget for pledge income based on the historic in-flow.

 

Capital Campaign

            Tom presented the Capital Campaign Financial Report.  Pledges from the leadership group total $493,849.83 at this point.  This is a very impressive number to the Board.  Tom believes we are on track and notes that more needs to be done to reach the 1.25 million goal.  Tom received accolades from the board for his work and the committee’s work.  Tom expressed his appreciation for the contributors.

            Follow up will soon involve the building committee.

            Bonnie expressed a desire to be able to transfer funds, online, between the Capital Campaign account and the Operating fund.  Mike will look into the Operations Manual for authority guidance. 

 

Endowment

            Mike presented the endowment report from the endowment committee, which included the purpose and limits of the endowment, the income and expense statement, the account balance summary, a chart of investment performance and several requests for authorization. 

            One request was for approval to open a margin account with Schwab to consolidate all of our holdings into one account that may be margined for liquidity reasons for the upcoming building project.

            The second request was for approval to sell our JP Morgan shares and Ultra shares to meet the board approved diversification of 75% stocks 15% bonds and 10% cash.  The remainder would be reinvested in the Vanguard S&P 500 index, the High Yield Corp bond fund and/or the Mutual Shares fund.

            Both motions were seconded and approved. 

 

Minister’s Report

            Bruce C presented the report.  Bruce gave the opening talk to kick off the Capital Campaign at the March 5 gala.       

 

Religious Education Report

            Nancy presented the report.  Nancy talked about the combined effort of local Unitarian kids to sing open the Earth Day celebration.

            A discussion arose about background checks for instructors in the RE department.  It was pointed out that Nancy’s knowledge of the instructors and the busy classrooms we have contribute to a safe environment.  Bonnie will look at the insurance coverage we have.  Nancy will consider if any changes need to be made and what they might be.

 

Canvass Report

            Bruce J reported that the pledge total for 2005 is over $274,000, which is comfortably close to our pledge budget of $279,500.

 

Old Business

            Katie will put some personal touch sales effort into the SCRIP program.

            The e-Bay project is going public with a low limit of $50 in value for items we will sell. 

 

 

The meeting adjourned at 8:26 PM

Mike Middleton, Secretary to the Board