Vestry actions

At its April meeting, the vestry:

• Approved a requested reduction in the hours of the Director of Christian Education to a maximum of 32 hours per week and approved the creation of Christian Education Assistant, part time, 12 hours per week, effective May 1, the total compensation for the Director of Christian Education and the Assistant not to exceed the budgeted salary of the Director of Christian Education
• Approved the recommendation of the Finance Committee to transfer $100,000 from the current Buildings and Grounds Fund to the Buildings and Grounds Endowment, $50,000 from the current Outreach Fund to the Worship and Program Support Endowment, and $50,000 from the current Outreach Fund to the Evangelism and University Endowment, the funds to which these amounts are being transferred being newly created permanent endowment funds
• Approved the recommendation of the Finance Committee to create a new fund named Chapel Renovation under the Program Funds category and transfer the negative money now in the current income category of the Stoudemire Fund to the new fund
• Amended the current charter and membership of the Investment Committee.

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© 2006 The Chapel of the Cross