CMM 2017-11-12
Minutes of Meeting for Worship for Business
Concord (NH) Monthly Meeting of the Religious Society of Friends
Eleventh Month 12th, 2017
Attending: 11
11.1 The meeting opened with worship.
11.2 Budget Committee Report: Total income for the fiscal year to date is $10,724.01; total expenses are $9,004.24. Nothing of particular note in this month’s financial transactions. The Special Projects line is now broken out to show the balance of the funds raised to support Christine at the Kakamega Orphanage.
11.3 PSECC Report: Peace, Social and & Earthcare Concerns Committee has requested that their budget line be increased to $450 from the previous $100. Friends approved and requested that Budget Committee consider how to fund this request.
11.4 AMTP (Appalachian Mountain Teen Project) Property Ad Hoc Committee report: A contractor has removed all of the debris from the AMTP property. Property Committee and the AMTP Committee have walked the land and noted that there are minor issues that can be addressed. Friends graciously accepted the donation and requested Property Committee to address issues of liability and insurance. Friends would like to express their thanks to the AMTP for their generous gift and the excellent work that they have done over the years. We will endeavor to be good stewards of the property.
11.5 Fourth Sunday Program Suggestions to Ministry & Counsel Committee for Fourth Sunday programs: death penalty; history of non-violence and the importance of it today; Steve Blackmer / Church of the Woods.
11.6 The meeting closed with worship.
| Submitted by, | Accepted as the Approved Record, | |
| /s/ Jonie LaBombard, Recording Clerk | /s/ Richard Kleinschmidt, Presiding Co-Clerk |
| Concord Monthly Meeting Income & Expenses | 2017-06 — 2017-10 | FY 2018 Budget | Remaining | % Budget |
|---|---|---|---|---|
| Income | ||||
| Contributions | $10,268.00 | $24,746.00 | ($14,478.00) | 41.5% |
| Interest Income | $1.51 | $220.00 | ($218.49) | 0.7% |
| Rental Income | $454.50 | $800.00 | ($345.50) | 56.8% |
| Miscellaneous Income | $0.00 | $0.00 | $0.00 | |
| Total Income | $10,724.01 | $25,766.00 | ($15,041.99) | 41.6% |
| Expenses | ||||
| Program | ||||
| Budget Committee | $0.00 | $20.00 | ($20.00) | |
| Hospitality | $41.54 | $180.00 | ($138.46) | 23.1% |
| Library | $0.00 | $80.00 | ($80.00) | |
| Ministry & Counsel | $0.00 | $175.00 | ($175.00) | |
| Outreach | ||||
| Website Expenses | $0.00 | $240.00 | ($240.00) | |
| Outreach - Other | $183.77 | $260.00 | ($76.23) | 70.7% |
| Total Outreach | $183.77 | $500.00 | ($316.23) | 36.8% |
| Peace, Social & Earthcare Concerns | $215.42 | $100.00 | $115.42 | 215.4% |
| Youth & Religious Education | $9.37 | $300.00 | ($290.63) | 3.1% |
| Total Program | $450.10 | $1,355.00 | ($904.90) | 33.2% |
| Property | ||||
| Building Maintenance | $261.80 | $600.00 | ($338.20) | 43.6% |
| Debt Service | $1,903.20 | $3,806.00 | ($1,902.80) | 50.0% |
| Donation in Lieu of Taxes | $0.00 | $300.00 | ($300.00) | |
| Electricity | $443.45 | $1,000.00 | ($556.55) | 34.6% |
| Grounds | $0.00 | $100.00 | ($100.00) | |
| Insurance | $666.25 | $1,700.00 | ($1,033.75) | 39.2% |
| Replacement Reserve Expense | $2,255.00 | $5,411.00 | ($3,156.00) | 41.7% |
| Snow Removal | $0.00 | $2,000.00 | ($2,000.00) | |
| Supplies - Bldg. & Maintenance | $62.07 | $185.00 | ($122.93) | 33.6% |
| Wood Pellets | $488.37 | $1,300.00 | ($811.63) | 37.6% |
| Total Property | $6,080.14 | $16,402.00 | ($10,321.86) | 37.1% |
| Support | ||||
| AFSC | $376.00 | $1,457.00 | ($1,081.00) | 25.8% |
| Dover Quarterly Meeting | $0.00 | $10.00 | ($10.00) | |
| FCNL | $0.00 | $131.00 | ($131.00) | |
| Friends Camp | $0.00 | $270.00 | ($270.00) | |
| FWCC | $0.00 | $57.00 | ($57.00) | |
| Interfaith Council | $0.00 | $50.00 | ($50.00) | |
| NEYM - Equalization Fund | $260.00 | $260.00 | ($0.00) | 100.0% |
| NEYM - General Fund | $1,838.00 | $5,516.00 | ($3,678.00) | 33.3% |
| NH Council of Churches | $0.00 | $50.00 | ($50.00) | |
| Woolman Hill | $0.00 | $208.00 | ($208.00) | |
| Total Support | $2,474.00 | $8,009.00 | ($5,535.00) | 30.9% |
| Total Expense | $9,004.24 | 35.0% | ||
| Net Income | $1,719.77 |
Prepared by Greg Heath and Chris Haigh
| Concord Monthly Meeting Balance Sheet | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Checking/Savings | |||
| Checking 123410166 | $28,247.04 | ||
| Money Market 101049498 | $2,580.46 | ||
| Total Checking/Savings | $30,827.50 | ||
| Other Current Assets | |||
| Prepaid Insurance | $266.50 | ||
| Prepaid Wood Pellets | |||
| Total Other Current Assets | $266.50 | ||
| Total Current Assets | $30,094.00 | ||
| Fixed Assets | |||
| Building | $466,454.97 | ||
| Land | $50,000.00 | ||
| Total Fixed Assets | $516,454.97 | ||
| Other Assets | |||
| NH Community Loan Fund Loans | $10,485.20 | ||
| Total Other Assets | $10,485.20 | ||
| TOTAL ASSETS | $558,034.17 | ||
| LIABILITIES & EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Building & Grounds Fund | $570.47 | ||
| Friendly Assistance Fund | $1,000.00 | ||
| Operating Reserve | $3,000.00 | ||
| Solar Grant Funds | $1,225.00 | ||
| Special Projects | |||
| Kakamega (Kenya) Orphanage | $242.70 | ||
| Social Justice Fund | $1,800.00 | ||
| Total Special Projects | $2,042.70 | ||
| Total Current Liabilities | $7,838.17 | ||
| Long-term Liabilities | |||
| Mortgage Loan | $24,331.56 | ||
| Replacement Reserve | $27,751.81 | ||
| Total Long-term Liabilities | $52,083.37 | ||
| Total Liabilities | $59,921.54 | ||
| Equity | |||
| General Fund Balance | 456,814.61 | ||
| Temporary Restricted Net Assets | 96.00 | ||
| Unrestricted Net Assets | 39,482.25 | ||
| Net Income | 1,719.77 | ||
| Total Equity | $498,112.63 | ||
| TOTAL LIABILITIES & EQUITY | $558,034.17 |
Do we have the resources to support our obligations? YES
