Finance Commission
The St. Agnes Finance Commission has existed since 1976. It meets ten months a year on the second Wednesday of each month in the Parish Rectory. The Commission consists of Fr. Flynn and eight laypersons as shown above. The Chairperson is elected by the other members and turnover in the Chairperson position and the Commission overall is relatively infrequent. The members enjoy serving the Parish in their Finance Commission capacity and this largely accounts for the long tenure of each member. It takes a few years to feel comfortable with all the issues that come before the Commission and their service is a tangible way to express their loyalty to the Pastor and the Parish. The Chairperson recaps monthly (3rd Tuesday of the month) to the Parish Council the key agenda items covered at the Finance Commission meeting.
The Finance Commission has general responsibility for the financial affairs of the Parish and pays particular attention to the levels and trends in the key revenue and expenditure categories, including capital expenditures. Within the past five years a Maintenance Sub-Committee was established to assure the Finance Commission that all the physical aspects of Parish physical assets were being looked after and reviewed for upgrade, repair, replacement. Following on the heels of the Parish’s successful 1993 Capital Fund Campaign which has enabled many capital projects right up to the present time, the Maintenance Sub-Committee has sharpened the Parish’s close vigilance of the integrity of the physical plant that constitutes Parish facilities.
A Parish financial report is rendered annually in the fall after the Commission has had an opportunity to collate, summarize and review the figures at its September/October meetings. The communication effort is accompanied by an explanatory message from the Chairperson at all the Masses so that a uniform message is imparted to all Parishioners. There has been an annual reporting to the Parish since 1981.
Members of the Finance Commission also assist with counting and depositing the weekly collections, which would include the Archdiocesan collections and the Grand Annual.
The Finance Commission reviews the financial budgets submitted by all the ministries that require financial support from the Parish. This typically occurs in May/June. The approved support is then communicated back to the individual ministries.
A significant source of Parish revenue remains the rental income generated by the tenant in the lower school facility. For the last five years this tenant has been on a year-to-year lease that provides for annual adjustment based on the cost of living.
The members of the Finance Commission are: Ernest Arsenault, Chair, Mark Blaisdell. Catherine Costello, James D'Agostino, Gerald Fiore, Richard Howard, Richard Junker , and Philip Pacino.