SUBCOMMITTEE CO-CHAIRS:

• Dan Costello: This e-mail address is being protected from spambots, you need JavaScript enabled to view it , 703.850.6328 Cell, 202.393.8673 Work
• Jaye Lopez: This e-mail address is being protected from spambots, you need JavaScript enabled to view it , 202-531-3844

SUBCOMMITTEE MEMBERS:

John Carter (not present), Aaron Adkins, Byron Smalley, Greg DuRoss, Ron Wilson (not present), Kurt Jacobs (not present), epin Tuma (not present), Drew Boatner, Ivan Santos (not present)

Topics Addressed at Last Meeting on June 9th:

• Reviewed our progress to date; we are engaging in meaningful discussions with real estate professionals, developers, and fundraisers
• Reviewed a number of task areas in some detail, including potential sale of parish assets (tax assessment value of the parking lot (actually 2 parcels) is $1 million); status of parish assets (discussions with our investment advisor Ellen Weiss about the nature and liquidity of our assets); development options (although we have identified several contractors who could potentially show interest in us, we anticipate that our discussions with them will be carried out over an extended period of time); future maintenance costs associated with new or renovated physical plant (reviewed data reflecting “square foot” costs associated with utilities, insurance, etc; in essence, the larger our space, the greater our costs)
• Continued to make and refine assigned task areas to individual committee members

Next Meeting:

Monday, June 16th, at 7:00 pm; St. Thomas’ Parish – Guild Room

Agenda Items: Review progress to date

Feedback Needed from Parishioners: Our committee’s goal is to take a financial inventory of all parish assets and potential revenue sources potentially available to the parish. We will research all feasible options with the intention of providing reliable and quantifiable facts and analysis to the Discernment committee, Vestry, and Parish members so they can make an informed decision on the future growth of the parish.

We would encourage everyone in the parish to review the Finance committee’s charge and provide any information or resources which may assist with our review. And we would encourage anyone to join the Finance committee to lend their time and talents to the process.