provincial team Report to the Province

THE UNITED STATES - CANADA PROVINCIAL TEAM

finance

Goal: To implement a financial plan that ensures financial viability for the community and for the Province’s mission now and in the future.

 

Narrative: Marina Hernandez, RSCJ, Ron Bruns & Diana Wall, RSCJ

Goals

✻ Finance at the Service of Mission is each RSCJ’s responsibility

✻ Shared conversation is the form of communication desired in presenting our finances

✻ Transparency is the manner and attitude used for the presentation of our financial resources, including integration with 2009-2014 Strategic Plan

 

 

Some Finance
Committee Members

Projections

✻ Investments – Dependence on investment income requires a diversified portfolio.

✻ Medical facillity and living support comprise 50% of annual expense

✻ Recap of long-term projection of Finance future.

✻ Financial Assets projected to grow during the 20-year period

✻ Revenues stay constant while expenses decline

 

 

Some Finance
Committee Members

Summary

✻ Finances are strong due to:

✻ Elder Care decision

✻ Property sales

✻ Success of mission for Life campaign

✻ Stock market returns

✻ Other Finance related items:

✻ Janet Anderson promoted to Controller

✻ Reviewing & updating Human Resource Manual for staff

✻ Reviewed and addressed underutilized housing

✻ Addition of committee members to Finance and Investment Committees

✻ Consolidated Oakwood finances into St. Louis Office

✻ Oakwood modifications

✻ Renovations to Rosewood

✻ Addressing deferred maintenance items in Oakwood

Investment Committee