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<p class=MsoNormal>The RFC had a great year this year, and we exceeded our
financial targets for both our events, and were able to run at a surplus
again. Our charter is to fund a significant portion of Middle School
Sports, and we were able to do this in spades.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><b>For next year, we still need a couple of people to help
with organizing the Carnival and the Beefsteak dinner. If you are
interested in helping with either of these events, please let me know, and
I’ll add you to the list of volunteers. <o:p></o:p></b></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Looking to next year, we have established the following
budget targets for the RFC. NOTE: as with the PTO, the RFC budget
is now done through the Foundation.<o:p></o:p></p>
<p class=MsoNormal>Expenses<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Carnival - $10,000<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Beefsteak - $10,000<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Middle School Sports - $14,000<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Funding sports related capital projects (new hoops, new mats,
etc…) - $30,000<o:p></o:p></p>
<p class=MsoNormal>Income<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Carnival - $25,000<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Beefsteak - $25,000<o:p></o:p></p>
<p class=MsoListParagraph style='text-indent:-.25in'>-<span style='font-size:
7.0pt;font-family:"Times New Roman","serif"'>
</span>Draw from RFC account at Foundation (to cover capital projects) -
$14,000<o:p></o:p></p>
<p class=MsoNormal>Bottom line, our target is a balanced budget…
With that said, we informed the Foundation that we always face a risk that we
cannot find volunteer coaches and need to hire coaches. This would mean
our funding for Middle School sports would need to be around $42,000 instead of
$14,000.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>From a bookkeeping perspective, we transferred our checking
account balance of $75,000 to an account with the Foundation. These funds
were raised by the RFC to support the sports programs, and would be used to
meet the short-fall in-case we need to hire professional coaches and/or if the
capital needs exceed the funding available from this year’s expected
fund-raising.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>At the last Foundation meeting, Mr. Neilson requested a
series of capital projects. The sports related projects were: new hoops
in the lower school gym, new mats, and new scoreboards. These requests
were all approved by the Foundation Board (in fact ALL of his requests were
approved and we encouraged him to expand on several of his proposed
ideas). Using some back-of-the envelope math, we will need closer to
$30,000 to fund these sports related capital projects, and our transferred
funds more than cover the requests. With this said, we are reaching out
to the CYO parents to see if they would contribute to the hoops and scoreboards
since they are heavy users of them – anything that is raised from the CYO
parents will reduce the amount the RFC is giving.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Lastly at the same Foundation meeting, a Foundation Board
member asked Mr. Neilson why he did not ask for a turf field to be put in to
replace the current dirt / grass field among his many requests. He
detailed several reasons why he does not see this as the best use of funds at
this time. Some of his reasons were: (1) he thinks this field will
attract more people to the field and he is afraid of liability issues unless
the field is properly secured; (2) he does not feel the size of the field will
be useful for much (it is too small for soccer or baseball, as examples); (3)
he thinks the parish’s master plan might use that field for a relocated
playground and the field might be built in some other location – although
he recognizes that decisions in this area are slow in coming… ; and (4)
he is very concerned with drainage in storms and the effect the field will have
on that. Bottom line, even though we have the funds available from both
the RFC and from the Foundation to fund a new field, he does not want it
now. He does not want to spend money on a field and security and drainage
now only to have something change in 2 or 3 years… If you are a
supporter of having a turf field at Resurrection, we recommend that you let
your support be known to Monsignor Boyle and/or Mr. Neilson. This will
help them prioritize this potential project with the other potential projects
they assess on a year-in-year-out basis.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Thanks,<o:p></o:p></p>
<p class=MsoNormal>Tom<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Tom Steinthal<o:p></o:p></p>
<p class=MsoNormal><a href="mailto:Tom@TheSteinthals.com">Tom@TheSteinthals.com</a><o:p></o:p></p>
<p class=MsoNormal>(914) 659-2947<o:p></o:p></p>
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