Vestry Actions - February 19, 2004

At its February meeting, the vestry:

• Met in focus session with Chris Moran, Executive Director of the Interfaith Council, and discussed with him plans for the parish's participation in the outreach program of housing IFC clients during IFC renovations this summer
• Approved the recommendation of the Investment and Finance Committees that $700,000 of assets not currently invested in the Diocesan Common Trust Fund be invested in equal parts ($350,000) in two Vanguard Funds - Life Style Moderate Growth (VSMGX) and Life Style Conservative Growth (VSCGX) - and that an annual disbursement of 5 percent of the fund value be made available on a quarterly basis; the vestry then instructed the treasurer to invest these funds
• Approved the proposed Articles of Incorporation of the Johnson Intern Program, Inc., to facilitate its attaining 502(c)(3) status
• Approved the 2003 Parochial Report to the Diocese of North Carolina
• Learned that re-programming of the sound system in the church will begin on March 4
• Approved the recommendation of the Personnel Committee for a sabbatical leave policy for professional program staff.