CMM 2023-08-13

Minutes of Meeting for Worship with Attention to Business [1]

Concord (NH) Monthly Meeting of

the Religious Society of Friends

Eighth Month 13^th, 2023

On Eighth Month 13, 2023, ten Friends gathered for meeting for worship to attend to business, in person and by Zoom. We opened with a brief period of quiet Worship.

Minutes of Seventh Month 2023 were approved as posted on our website.

08.01 Membership Clearness Committee Report: Ministry & Counsel reported on a clearness committee for Paula Werme's request for membership in our Meeting. They felt clear that she should be a new valued member of our community, and we heartily agreed and welcomed her to membership.

08.02 Meetinghouse Fire Code Conformance: The committee working to bring the Meetinghouse up to fire code for a place of public assembly reported on the progress of the work. Fundraising activities are underway, grant requests are in progress, and contributions are beginning to be received. We have secured short-term loans from some members of Meeting to enable the work to be completed expeditiously. The Clerk disclosed that she owns stock in the public company that the project team selected for fire alarm monitoring. She had no part in the selection of that company but, as an officer of our corporation, needed to disclose the ownership interest.

08.03 Finance Committee presented a report for the first two months of the current fiscal year. Total income for the period was $2,862. Total expenses were $2,630 for a net income of $232.

They also reported in detail on changes to the balance sheet, which have been extensive due to project costs for the change from the wood pellet furnace to a geothermal heating system and other fire safety related expenses. More changes are expected as the project advances in the coming months. The balance sheet and the income and expense report are attached to these minutes. To date we have received $20,414 and expended $22,253 on the project.

Financial Summary
Total Income:	$2,862
Total Expenses:	$2,630
Net Income:	$232

08.04 Dover Quarterly Meeting Invitation: Mark B brought a request from Dover Quarterly Meeting to meet at our Meetinghouse on October 29^th. Friends approved hosting this meeting. Kathy U has agreed to help organize our hosting of this event. The Meeting’s COVID policy will be shared with the rest of the Quarter. However, we plan to review that policy in September and will then need to update everyone in the Quarter about that. There is also the possibility that the policy could be changed again in October, which would require further notice. Friends also will be invited to attend remotely by Zoom.

We closed with a brief period of quiet worship, purposing to meet again on the second First Day of Ninth month.

Submitted by,		Accepted as the Approved Record,

/s/ Jennifer Smith, Recording Clerk		/s/ Elizabeth Meyer, Presiding Clerk

Concord Monthly Meeting

Statement of Operations as of Seventh Month 31, 2023 [2]

(16⅔% of Fiscal Year 2024)
Concord Monthly Meeting Statement of Operations	2023-06-01 – 2023-07-31	Budget – FY 2023-24	Budget Remaining	% of Budget Raised
Income
Contributions	$2,715	$27,400	$24,685	10%
Grants	$0	$0	$0	0%
Interest Income	$22	$810	$788	3%
Rental Income	$125	$900	$775	14%
Solar Roof Lease	$0	$240	$0	0%
Total Income	$2,862	$29,350	$26,488	10%
Expenses				% of Budget Spent
Program
Finance Committee	$0	$30	$30	0%
Hospitality	$30	$100	$60	29%
Library	$0	$140	$140	0%
Ministry & Counsel	$0	$400	$400	0%
Outreach Committee	$0	$175	$175	0%
Peace, Social & Earthcare Concerns	$0	$150	$150	0%
Right Relations	$0	$400	$400	0%
Website Expense	$0	$1,000	$1,000	0%
Youth & Religious Education	$47	$300	$253	16%
Total Program	$77	$2,695	$2,618	3%
Property
Data Usage	$196	$960	$764	20%
Debt Service	$952	$3,805	$2,853	25%
Donation in Lieu of Taxes	$0	$500	$500	0%
Electricity	$167	$1,000	$833	17%
Grounds	$0	$100	$100	0%
Insurance	$497	$2,890	$2,393	17%
Maintenance	$0	$1,180	1,180	0%
Replacement Reserve Expense	$635	$3,810	$3,175	17%
Snow Removal	$0	$1,600	$1,600	0%
Supplies - Bldg. & Maintenance	$108	$250	$142	43%
Wood Pellets	$0	$1,200	$1,200	0%
Total Property	$2,554	$17,295	$14,741	15%
Support
AFSC [3]	$0	$1,640	$1,6400	0%
Dover Quarterly Meeting	$0	$10	$10	0%
FCNL [4]	$0	$157	$157	0%
Friends Camp [5]	$0	$314	$314	0%
FWCC [6]	$0	$68	$68	0%
Interfaith Council [7]	$0	$50	$50	0%
NEYM [8] - Equalization Fund	$0	$314	$314	0%
NEYM - General Fund	$0	$6,491	$6,491	0%
NH Council of Churches [9]	$0	$75	$75	0%
Woolman Hill [10]	$0	$241	$241	0%
Miscellaneous Expenses	–	–	–	–
Total Support	$0	$9,360	$9,360	0%
Total Expense	$2,630	$29,350	$26,720	9%
Net Income	$232

NB. The Income & Expenses Sheet was created with two decimal points, which were removed for readability, the cents being unimportant to the overall understanding. This can have the effect of throwing off any given sum by a dollar due to compounded rounding. — Prepared by Greg Heath and Chris Haigh.

Concord Monthly Meeting FY 2024

Accrual Basis Balance Sheet as of Seventh Month 31, 2023 [11]
Concord Monthly Meeting Balance Sheet	7^th Month 31, 2023
ASSETS
Current Assets
Checking/Savings
Checking MCSB	$31,883
Money Market MCSB	$113
Savings Granite State Cr Union	$10
Total Checking/Savings	$32,006
Accounts Receivable
Accounts Receivable	$0
Total Accounts Receivable	$0
Other Current Assets
Prepaid Electricity	$4,835
Prepaid Insurance	$1,242
Prepaid Wood Pellets	$604
Total Other Current Assets	$6,681
Total Current Assets		$38,686
Fixed Assets
Building	$466,557
Equipment	$22,118
Land (including new lot)	$144,400
Total Fixed Assets		$633,075
Other Assets
Granite State Credit Union CD	$3,056
Total NH Community Loan Fund [12]	$24,869
Total Other Assets		$27,926
TOTAL ASSETS			$699,687
LIABILITIES & EQUITY
Liabilities
Long-term Liabilities
Loan - Heating - Fire Safety	$22,000
Mortgage Loan	$6,340
Total Long-term Liabilities		$28,340
Total Liabilities		$28,340
Equity
General Fund Balance
Fire Safety Improvements	$500
Land & Building Fund - Other	$610,855
General Fund Balance – Other	$561
Total General Fund Balance		$611,916
Temp. Restricted Net Assets
Donor Restricted Funds
Asylum Seekers Support Fund (ASSF)	$37
Kakamega Family Support Fund	$2,518
Mindful Mortality	$775
Social Justice Fund	$303
Solar Grant Fund	$1,209
Total Donor Restricted Funds	$4,842
Meeting Temp. Restricted Funds
Friendly Assistance Fund	$950
Replacement Reserve	$53,407
Total Meeting Temp. Restricted Funds	$54,358
Total Temp. Restricted Net Assets		$59,200
Net Income		$232
Total Equity		$671,347
TOTAL LIABILITIES & EQUITY			$699,687

Fire Safety and Geothermal Heating System Report [13]

Fire Safety and Geothermal Heating System Report as of 8^th of Eighth Month 2023
Expense Item	Actuals	Budget	Upddated Amount	+/-
Source of Funds
Capital Campaign	$500	$20,000	$20,000	-
Federal Subsidy (30% of geothermal)		$17,490	$15,053	$2,438
Sale of Pellets *	($86)	$500	$500	$500
Sale of Other Items				-
Replacement Reserve	$20,000	$20,000	$20,000	-
Total Source of Funds	$20,414	$57,990	$55,553	$2,938
* Sandbags & Dolly purchased for selling pellets
Expense
Fire Alarm System	$3,731	$11,175	$12,437	($1,262)
Code Compliance Consultant	$2,008	$1,500	$2,008	($508)
Emergency Lighting/Exit Signs	$195	$197	$195	$2
Electrician	$244	$1,000	$244	$756
Legal	-	$259	-	$259
Fire Department Key Entry	$507	$500	$507	($7)
Geothermal Heating	$15,568	$58,300	$50,175	$8,125
Contingency	-	$369	-	$369
Total Expense	$22,253	$73,300	$65,566	$7,734
Net