Mission Matter$
PARISH ADMINISTRATION & FINANCE
|
|
Sustainability is living on nature's income rather than living on its capital.
-Murray Gell-Mann
|
|
|
|
ECCT is appreciative to all of its parishes who endeavored to ensure the prudent management of their resources, fulfilled their financial commitments, have submitted their Audit or Financial Reviews, and Parish Survey in a timely manner.
|
|
ANNOUNCEMENTS
CLERGY COMPENSATION
Effective Jan. 1
st
2020, the minimum salary cost of living adjustments should be incorporated into the Clergy’s compensation. Please visit the Treasurer’s Newsletter via
this link
for
Salary schedules and more. If you have inquiries, please contact the Canon for Mission Finance & Operations,
Rosanna Rosado.
AUDIT AND FINANCIAL REVIEW
Please submit your Audit or Financial Review by March 31
st
. Delays may cause interruptions for parishes going through a transition, obtaining a Missionary Society Revolving Loan, or remaining in ‘Good Standing’ at ECCT’s Annual Convention.
The Finance Office maintains a list of CPA’s (Certified Public Accountants) or Independent Public Accountants that other churches in ECCT have used.
If you would like to receive a list of Certified or Independent Public Accountants used by other ECCT parishes, please contact
Karolyn Nicolaides.
BEST PRACTICES
2020 invites us to safeguard the long-term sustainability and continuity of our parishes as we journey in God’s Mission. ECCT offers guidance in fulfilling the administrative, financial, and canonical expectations that are fundamental to our common life. The collaboration among ECCT parishes boosts equilibrium, enhances transparency and ensures accountability, these elements are essential as we journey together in God’s mission.
Good Standing Criteria:
- Timely annual parochial reports (due by March 31st).
- Timely annual audits/financial reviews of financial records and control measures (due by June 30th).
- Current on Common Mission Support, Property & Casualty and Group Life and Dental insurance payments to The ECCT.
- Current on Pension payments to the Church Pension Fund for clergy or lay employee retirement plans.
- Current on Revolving Loan Fund payments to ECCT (if applicable).
- Compliance with the prudent management of parish investment assets (ECCT’s Canon IV.2.A).
- Submission of the Parish Survey or a Parish Survey update to ECCT within the past 24 months.
You may review all Parish Financial Reporting Requirements on our website
here
.
PARISH SURVEY
Your bishops and staff at the Commons have been working on ways to bolster collaboration between parishes and the people of the Episcopal Church in Connecticut working towards God’s mission and have rolled out a parish survey that supports this effort. We ask that all parishes complete their surveys in a timely manner and then refresh their data annually. Parishes that have not completed or last completed their survey more than two years ago, please update your information in the online portal.
Parishes can access the survey
here.
If your parish has yet to complete their survey, please find instructions on how to submit your data
here
.
If you require assistance or further information, please contact
Matt Handi
at 203-639-3501, ext. 107.
|
|
Values investing product available for D&B participants
Theresa Dupont, Donations and Bequests
Donations & Bequests (D&B) newly offered “Values Investing Fund” is now available to participants. The fund is in the rapidly-growing Environmental, Social & Governance (ESG) category of mutual funds, which invests in corporations with strong records of Environmental stewardship, Social responsibility and exemplary Governance practices. It has a target asset allocation of 57% corporate stocks, 35% fixed income securities, 5% tangible assets and 3% cash.
Update:
Be on the look out for D&B spending plan letters. Annually, D&B account holders are invited to review their spending plans. To assist in the review the D&B Total Return Spending Plan letters will be mailed in December. Please return this form by January 27
th
2020 to
Theresa Dupont
,
even if you are not requesting a change.
|
|
HR Matters: New Legislation Regarding Employment
Kayla Tubolino, SHRM-CP, Human Resources and Title IV Manager
It was a busy summer for Governor Ned Lamont and a number of state legislators that passed many changes for Connecticut relating to employment. How will this affect your church?
The minimum wage has changed on October 1, 2019 from $10.10 to $11. The minimum wage will increase $1 each year until it reaches $15 an hour. Although parishes (who are not running schools) are exempt on this piece of legislation, parishes of the Episcopal Church in Connecticut are strongly encouraged to participate.
Another change affecting nearly all employers in Connecticut is the ‘Time’s Up Act’. This piece of legislation broadens the requirement for employers to provide anti sexual harassment training to its supervisors and employees with three or more employees and to supervisors with under three employees. The bill also includes additional posting obligations for employers and expands the number to days a complaint can be filed to 300.
Connecticut Commission on Human Rights and Opportunities (CHRO) has created a two-hour training to satisfy the updated requirement. This training can be accessed
here.
This law does not contain an exemption for parishes. ECCT is working on a solution for parishes to satisfy the new requirements. Stay tuned for more on this in the next month or so.
|
|
Property Claim Reminder
Matt Handi, Operations Manager
Beginning in August 2018, our insurance broker relationship transitioned over to Beecher Carlson. Contact information is below.
For property claims
, please continue to call
John Webster
at York Risk Services. John’s number is 201-388-4509.
Account management:
All general questions should be addressed to: Michael McGowan, Managing Director, 646-358-8521, Cell 646.285.2462,
mmcgowan@beechercarlson.com.
Certificates of Insurance/Evidence of Coverage:
For evidence of insurance or an auto ID card: Linda Volpe, Client Services Administrator, 646-658-8543 or cell 646-740-6217,
lvolpe@beechercarlson.org.
Claims Reporting Information
Type of Loss: General Liability or Automobile Liability.
Example of General Liability Loss: A third party slips or falls at the Church. Example of Auto Liability Loss – You get into a car accident
Type of Loss: Workers Compensation.
Example: An employee is injured at work.
In addition to the above please feel free to contact
Matt Handi
at 203-639-3501, ext. 107 to further discuss if you have any questions.
|
|
Employment Opportunity: Property Manager
ECCT is still looking for a part time, project based Property Manager to oversee diocesan owned properties. On average, the hours are about 20-25 hours per week.
We are looking for someone who has had experience managing multiple properties/ locations at once, can perform property evaluations, and work with the finance & operations team to support the oversight of each property. To see a full job description please
click here
.
Apply with a resume and cover letter on indeed.com.
Further information about the position can be found
here.
If you know of anyone who might be interested in applying for this position, please ask them to contact
Kayla Tubolino
at the Commons, (203) 639-3501, x119.
|
|
2019 - 2020 ECCT Cycle of Prayer Available
|
|
|
|
|
|
|
