Visit our Parish Website

Get driving directions from anywhere to ASCS!

Visit the Dallas Diocese Website.

All Saints Catholic School
School Finance Committee Minutes
9-13-04

    Attendees:  Carolyn Bisulca, Niki Goodman, Patrick Leavey,  Martie Owan, Margherita Rader

• Meeting was called to order at 6:30pm.  Minutes from previous meeting were read and approved.

• A school finance committee (SFC) roster was distributed.  A proposed schedule of SFC meetings for the 2004-05 academic year was reviewed and revised.

• Niki distributed and reviewed current school financial statements.

• Accreditation Overview was provided.  School Finance Committee was assigned Domain III – Governance, Administration and Management.
• Task force formed: Carolyn, Patrick & Niki will meet to collect information and address items contained in Domain III.
• Target date for draft completion of Domain:  November 16^th.
• 5 Year Operational Budget Projection Plan Template was introduced by Carolyn.  The entire committee expressed their appreciative thanks to Carolyn for her countless hours of work on developing this awesome template. 
• Key areas of consideration, exploration and impact  to projected 5 Year Plan are:
• Monies available to pay debt service
• Jeff indicated that there monies to pay debt service for 2 years
• Student enrollment / growth velocity
• Is the planned growth over a five year period correct?
• Parish contribution to the school budget
• Will the parish continue to contribute to the school operating expense?
• Faculty salaries
• We must plan to get faculty salaries up to par with those of the diocese
• Cost of tuition
• Is the vision for tuition to remain at the current price or to go down or up?
• % of budget assigned to assisted tuition
• This year there is a ~7% of the budget assigned to assisted tuition. What amount is correct?
• Capital expenses
• What growth expenses are necessary for books etc – if we continue to grow at the rate that Carolyn’s suggested last night will $10,000 be adequate or will we need to assign more money to capital expenses?
• Staffing
• Faculty – is the number of faculty adequate?
• Administrative – a school of 400 children will need significantly more administrative personnel than we have now – how many is enough?
• HSA contribution
• This year the HAS auction is expected to give $125,000
• What amount should we expect from the yearly auction?
• Grants
• What component of grant support should we expect?
• Utilities / maintenance
• What will the utility cost be?
• Inflation
• What inflation rate should be added?
• Pre-K
• Is this a good idea?
• Last night we briefly touched on the bad feeling that our Pre-K plans this year resulted in. Should we pursue this? At what expense?
• Other income
• space leasing etc. – how can we plan this ?
• School loan responsibility
• What is the responsibility of the school to repay the building loan?
• Pledge to building fund
• Should this continue – is it renewable for all families or just new people?
• A thank you note from a family receiving tuition assistance was shared with the committee members.
• Meeting was adjourned at 8:35pm.  Next meeting is scheduled for Monday, October 18 at 6:30pm in the Counselor/Conference room.