CMM 2014-10-12

Minutes of Meeting for Worship for Business

Concord (NH) Monthly Meeting of the Religious Society of Friends

Tenth Month 12, 2014

Attending: 12

10.1 The meeting opened with worship.

10.2 Ninth Month Minutes: The minutes of the Fourteenth Day, Ninth Month, 2014 Meeting for Business were reviewed.

10.3 Financial Report: Treasurer David Woolpert presented the financial report for June 1^st - September 30^th, 2014. To date total income is $6,361 (25% of yearly budget); total expense is $2,945 (12% of budget); net income is $3,417. He noted that we're in the early phase of the fiscal year so many expenses for things like snowplowing and wood pellets have not yet occurred. He reminded committee members of their budgeted amounts that haven’t been used. With energy rates rising sharply this year, Friends discussed ideas for conserving energy to be considered by the Property Committee.

10.4 Puente de Amigos Committee: Ruth Heath read a letter from Len Cadwallader to Dover Quarterly Meeting asking for consideration of a contribution to the Puente de Amigos Committee [1] as Dover QM has a sister relationship with a Cuban meeting [La Iglesia Evangelica de Los Amigos, the Quaker church in Holguin, Cuba [2]]. Concord Meeting also received a similar letter. Friends tabled consideration of this matter to be considered by the Budget Committee.

10.5 Greater Concord Interfaith Council: Pat Wallace will not be able to attend the October and November meetings of the Greater Concord Interfaith Council [3]. Mark Barker will attend the October meeting. We are looking for someone to attend the November one.

10.6 Student Sponsorship at Kakamega Care Centre: Our $300 sponsorship of Christine at the Kakamega Care Centre [4] is due in January. The YRE Committee is sponsoring three fundraisers: Kathy Urie will be organizing the sale of the Peace Corps calendars; we will be selling Fair Trade chocolate bars; the children will be making frozen cookie dough to be sold at All-NH Friends.

10.7 Outreach Pilot Project: Friends discussed a question from the section of the New England Quaker Outreach Pilot Project Application Form on establishing your outreach baseline.

What level of awareness is there in your community of your Quaker meeting?

some level of awareness due to presence on the web
no longer in the Monitor's free ads for Sunday services
25% awareness by people who have been here more than 10 years due to activism by individual members
awareness starting to wane
less than 15%
7%
5% based on people met while walking dog

10.8 The meeting closed with grateful worship.

Submitted by

/s/ Jonie LaBombard, Recording Clerk

/s/ Ruth Mobilia Heath, Presiding Clerk

Concord Monthly Meeting

(33% of Fiscal Year 2015)
Concord Monthly Meeting Income & Expenses	2014-06 — 2014-09	FY 2015 Budget	Remaining	% Budget
Income
Contributions	$6,186	$24,228	($18,042)	26%
Interest Income	$0	$75	($75)	0%
Miscellaneous Income	$0	$200	($200)	0%
Prior Year Funds	$0	$0	$0	0%
Rental Income	$175	$800	($625)	22%
Total Income	$6,361	$25,303	($18,942)	25%
Expenses
Program
Budget Committee	$0	$50	($50)	0%
Hospitality / Outreach	$46	$150	($104)	31%
Library	$0	$50	($50)	0%
Ministry & Counsel	$0	$400	($400)	0%
Peace, Social, & Earthcare Concerns	$0	$50	($50)	0%
Youth & Religious Education	$64	$300	($236)	21%
Total Program	$110	$1,000	($891)	11%
Property
Building Maintenance	$0	$250	($250)	0%
Debt Service	$952	$3,806.00	($2,854)	25%
Donation in Lieu of Taxes	$0	$300	($300)	0%
Electricity	$319	$1,300	($981)	25%
Grounds	$100	$100	$0	100%
Insurance	$0	$1,916	($1,196)	0%
Rent Expense	$0	$0	($0)	0%
Replacement Reserve Expense	$0	$5,075	($5,075)	0%
Snow Removal	$0	$1,900	($1,900)	0%
Supplies - Bldg. & Maintenance	$85	$400	($315)	21%
Telephone	$60	$430	($370)	14%
Wood Pellets	$0	$1,300	($1,300)	0%
Total Property	$1,515	$16,777	($15,262)	9%
Support
AFSC	$0	$1,300	($1,300)	0%
Dover Quarterly Meeting	$0	$10	($10)	0%
FCNL	$0	$120	($120)	0%
Friends Camp	$0	$253	($253)	0%
FWCC	$0	$53	($53)	0%
Interfaith Council	$0	$50	($0)	0%
NEYM - Equalization Fund	$0	$500	($500)	0%
NEYM - General Fund	$1,250	$5,000	($3,750)	25%
NH Council of Churches	$0	$50	($50)	0%
Total Support	$1,250	$7,336	($6,086)	17%
Other
Advertising	$70	$140	($70)	50%
Miscellaneous Expenses	$0	$50	($50)	0%
Total Other	$70	$190	($120)	37%
Total Expense	$2,945	$25,303	($22,358)	12%
Net Income	$3,417	$0	($3,417)

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 David Woolpert

Concord Monthly Meeting FY 2015

Accrual Basis Balance Sheet as of Ninth Month 30, 2014 [6]
Concord Monthly Meeting Balance Sheet
ASSETS
Current Assets
Checking/Savings
Checking 123410166	$13,163
Money Market 101049498	$1,577
Total Checking/Savings	$14,741
Other Current Assets
Prepaid Insurance	$1,105
Total Other Current Assets	$1,105
Total Current Assets		$15,845
Fixed Assets
Building	$466,455
Land	$50,000
Total Fixed Assets		$516,455
Other Assets
Loans to NH Community Loan Fund	$5,000
Total Fixed Assets		$5,000
TOTAL ASSETS			$537,300
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Construction Projects	$139
Operating Reserve	$3,000
Special Projects
AFSC-NH	($100)
Kakamega (Kenya) Orphanage	$166)
Total Special Projects	$66
Total Current Liabilities		$3,205
Long-term Liabilities
Mortgage Loan 1	$31,505
Replacement Reserve	$11,000
Total Long-term Liabilities		$42,505
Total Liabilities			$45,710
Equity
General Fund Balance	$457,375
Unrestricted Net Assets	$30,799
Net Income	$3,417
Total Equity		$491,590
TOTAL LIABILITIES & EQUITY			$537,300

Do we have the resources to support our obligations? YES

Variable Assets Less Current Liabilties and Replacement Reserve = $6,640

NB. The Balance 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.

Current Liquidity Available
Total Current Assets	$15,845
Total NHCL Loans	$5,000
- Total Current Liabilities	($3,205)
- Replacement Reserve	($11,000)
Total Available:	$6,640