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Dear Fr Charles and Jennifer,
Fr Charles, I had asked about designated funds during the meeting.
Question 1
Question 1
I just wanted to clarify, maybe this info got lost in the Chancellor change-over, but Holy Trinity Parish in Sarnia Ontario sent a gift of $80k to the UOCC a few years back, as designated funds: $40k for building renovations and $40k for hiring an Archivist. I understand that some indoor renovations were done, new curtains, etc, but I can’t imagine that all $40k was used. These funds should be listed as Designated Funds and they should not be in the operations bank account.
Answer provided by Jennifer Parks
The $40K for the Archivist is being held in account 26000 Restricted Funds: 26000C – Capital project funds: 27200 Archives Building Fund on the balance sheet.
The 40K for the building renovations is being held in 26000 Restricted Funds: 23099 – Reserve Funds: 23100 Reserve – Major repairs on the balance sheet.
At Sep 30/2023 the 40K breaks down as follows:
$3,000. Replace/Fix/Install light fixtures and bulbs interior and exterior (bulk was for new exterior lighting at the back entrances and parking lot).
$3,500. Moving and setting up of office furniture in unused offices on the main floor (including Chancellor change over), moving and setting up of kitchenette, reception area and board room on the main floor.
$4,000. Installation of new back door (previous original wood door was broken and unusable – this is a fire exit)
$11,000. New window coverings in offices on the main floor.
Total spent at Sep 30-23 is $21,500;
The amount left in the reserve account (23100) is $18,500.
Question 2
Question 2
Sobor: it was decided that any proceeds from Sobors was to be put aside and used for future Sobors. My recollection was that fr Charles, you were already on the CB when this was decided. These funds should also be listed as Designated Funds.
Answer provided by Jennifer Parks.
Please see my response in Question #7 from Donna Reed.
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