Diocese of Rhode
Island
Commission on Finance
Meeting, April 5, 2018
St. Luke’s Church East Greenwich
Present: The
Rt. Rev. Nicholas Knisely; Stephan Sloan; The Rev. Peter Tierney.
Also present:
Joan DeCelles; Dennis Burton; The Rev Canon Linda Grenz; The Rev Edwin
Hallenbeck.
Guest:
Richard Sellers, Consultant.
The
meeting was called to order at 5:05 p.m. by Chair Tierney, who offered an
opening prayer.
Note: There was not a quorum present,
therefore this was an information session only with no votes taken.
The Minutes of The meeting of March 1, 2018
were received, but not voted upon.
ECC Solar Farm Analysis. Presentation and discussion by
Dennis Burton and Richard Sellers based on the report “ECC Solar Project: Next
Steps.” The report was prepared with the support and assistance of the Advisory
Committee most of whom have extensive experience with solar project planning
and operation. Key points are:
• Frequent meetings of Solar
Advisory Committee.
• Legal issues identified and
addressed.
• Max size of 10 MW DC established.
• Ten potential Partners interested,
6 bids solicited, shortlisted 4 companies, 2 finalists.
• Extensive analysis of 2 finalists
with expert assistance, data in report.
• Recommend next steps: Negotiate
MoU with RER by end of April, prepare alternative process in case negotiations
fail.
The Report
was received with interest and several matters were discussed at length. The
same Report was made at Diocesan Council April 4, 2018 and was referred to
Council Executive Committee for final approval with the understanding it would
be reviewed by COF. Those present agreed with this process of decision. Mr.
Sellers left the meeting.
COF Report. Mr. Burton:ce.
• St. Peter and Andrew apartments.
An analysis of three options was distributed, indicating the best choice is to sell
the apartments to Gemma property Management. It was agreed this appears to be
the best option. Dennis will follow up details. A business plan will be needed
for St P&A church and plans for how best to prepare the Rectory for
occupancy, see below.
• Mobile station land sale, 389
Elmwood Ave, Providence is still in negotiation, with most concerns settled.
• Grace Church, Providence. A
meeting was held with the present and former Sr Wardens for updates. The Cemetery
situation needs study, the Diocese is willing to receive a proposal for what
might be done.
• Edwards Homes. An audit is needed
of the financial status of the Homes so the bookkeeping can be brought over to
the Finance Office. Bookkeeping can be brought over to the Finance Office per
agreement with Hallworth House to provide accounting and administrative
services to the Edwards Homes. The accounts are presently part of the Hallworth
House financial structure.
Finance Report of March 2018 was reviewed briefly
by Ms. DeCelles stating there were no significant variations. It was noted that
the Variations Report begun in 2017 was very useful and might be used again
this year.
Apportionment Aging Report. Churches are up to date except
for several that run a month late and the two that are expected to be problems
throughout the year.
St. Peter & Andrew Church, Providence. Canon Grenz reported
that May 1st has been established as the retirement date for the
Rev. Joyce Penfield, Priest-in-charge. Canon Grenz has met with the Wardens to
consider changes needed. They are revising the budget to consider funds needed
for the church to function in 2018.
The
meeting was adjourned at 6:20 p.m.
Respectfully
submitted
Edwin
Hallenbeck
Secretary
Next
meeting: May 3, 2018. 5 p.m.
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