CMM 2017-12-10
Minutes of Meeting for Worship for Business
Concord (NH) Monthly Meeting of
the Religious Society of Friends
Twelfth Month 10, 2017
Attending: 14
12.1 The meeting opened with worship, followed by a reading from §3.05 from Britain Yearly Meeting’s Faith and Practice.
12.2 Budget Report: Total income YTD is $12,630.77; total expenses are $10,581.04; net income is $2,049.73. Income is at 49% and we are half way through the year.
12.3 PSECC Budget Increase: Budget Committee recommends that the budgeted amount for contributions be increased to cover the increase in budgeted amount for PSECC Committee. Friends accepted that recommendation.
12.4 Documenting Funds: Friends requested that Budget Committee review the change in format of the financial report. Friends requested that Budget Committee peruse the minutes and collect information about the various funds to be put in a document in paper form and on the website.
12.5 AMTP Property Transfer: Our attorney has been in contact with AMTP’s attorney who is drawing up the documents for the closing which we hope will be by the end of December.
12.6 Celebration of Don and Lois Booth’s Property Gifts: Donna San Antonio, the retired AMTP executive director, asked that we hold a celebration to honor Don and Lois Booth after the property is transferred. The committee will work with her to plan this.
12.7 History of Friends in Concord: Friends expressed an interest in having the history of Concord Friends Meeting be collected in a document for all to enjoy.
12.8 Dover Quarter Contributions: A question was raised about our yearly contribution to Dover Quarterly Meeting. Friends requested that Budget Committee consider the amount we give yearly to Dover Quarterly Meeting as part of next year’s budget process.
12.9 Outreach: As outreach, seven signs have been placed at nearby intersections on Thursdays and taken down on Sundays. Friends approved the continuation of the process at the discretion of the sign poster.
12.10 Solar Committee: The solar grant request has been submitted but nothing has been heard since their questions were clarified. We believe that the current budget has funds for these grants.
12.11 State of Society 2017 Preparation: Ministry and Counsel is planning for the Fourth Sunday program in January to be discernment on the State of Society.
12.12 Intervisitation: NEYM wishes to document how much informal intervisitation is happening. Anyone visiting another meeting, or attending an event at another meeting is requested to email NEYM at visits [at] neym [dot] org.
12.13 The meeting closed with worship.
| Submitted by, | Accepted as the Approved Record, | |
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| /s/ Jonie LaBombard, Recording Clerk | /s/ Mark Barker, Presiding Co-Clerk |
| Concord Monthly Meeting Income & Expenses | 2017-06 — 2017-11 | FY 2018 Budget | Remaining | % Budget |
|---|---|---|---|---|
| Income | ||||
| Contributions | $12,063 | $24,746 | ($12,683) | 49% |
| Interest Income | $2 | $220 | ($218) | 1% |
| Miscellaneous Income | - | - | - | |
| Rental Income | $566 | $800 | ($234) | 71% |
| Total Income | $12,631 | $25,766 | ($13,135) | 49% |
| Expenses | ||||
| Program | ||||
| Budget Committee | - | $20 | ($20) | |
| Hospitality | $43 | $180 | ($137) | 24% |
| Library | - | $80 | ($80) | |
| Ministry & Counsel | - | $175 | ($175) | |
| Outreach | ||||
| Website Expenses | - | $240 | ($240) | |
| Outreach - Other | $184 | $260 | ($76) | 71% |
| Total Outreach | $184 | $500 | ($316) | 37% |
| Peace, Social & Earthcare Concerns | $215 | $450 | ($235) | 48% |
| Youth & Religious Education | $22 | $300 | ($278) | 7% |
| Total Program | $464 | $1,705 | ($1,241) | 33% |
| Property | ||||
| Building Maintenance | $288 | $600 | ($312) | 48% |
| Debt Service | $1,903 | $3,806 | ($1,903) | 50% |
| Donation in Lieu of Taxes | - | $300 | ($300) | |
| Electricity | $524 | $1,000 | ($476) | 52% |
| Grounds | - | $100 | ($100) | |
| Insurance | $800 | $1,700.00 | ($901) | 47% |
| Replacement Reserve Expense | $2,706 | $5,411 | ($2,705) | 50% |
| Snow Removal | - | $2,000 | ($2,000) | |
| Supplies - Bldg. & Maintenance | $65 | $185 | ($120) | 35% |
| Wood Pellets | $488 | $1,300 | ($812) | 38% |
| Total Property | $6,774 | $16,402 | ($9,628) | 41% |
| Support | ||||
| AFSC | $736 | $1,457 | ($721) | 51% |
| Dover Quarterly Meeting | - | $10 | ($10) | |
| FCNL | - | $131 | ($131) | |
| Friends Camp | - | $270 | ($270) | |
| FWCC | - | $57 | ($57) | |
| Interfaith Council | $50 | $50 | 100% | |
| NEYM - Equalization Fund | $260 | $260 | 100% | |
| NEYM - General Fund | $2,297 | $5,516 | ($3,219) | 42% |
| NH Council of Churches | - | $50 | ($50) | |
| Woolman Hill | - | $208 | ($208) | |
| Total Support | $3,343 | $8,009 | ($4,666) | 42% |
| Total Expense | $10,581 | $26,116 | ($15,535) | 41% |
| Net Income | $12,631 | $25,766 | ($13,135) | 49% |
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 Balance Sheet | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Checking/Savings | |||
| Checking 123410166 | $29,564.09 | ||
| Money Market 101049498 | $2,580.46 | ||
| Total Checking/Savings | $32,144.55 | ||
| Other Current Assets | |||
| Prepaid Insurance | $133.25 | ||
| Prepaid Wood Pellets | |||
| Total Other Current Assets | $133.25 | ||
| Total Current Assets | $32,277.80 | ||
| 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 | $559,217.97 | ||
| LIABILITIES & EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Building & Grounds Fund | $525.49 | ||
| Friendly Assistance Fund | $1,000.00 | ||
| Operating Reserve | $3,000.00 | ||
| Solar Grant Funds | $1,225.00 | ||
| Special Projects | |||
| Kakamega (Kenya) Orphanage | $690.52 | ||
| Social Justice Fund | $1,800.00 | ||
| Total Special Projects | $2490.52 | ||
| Total Current Liabilities | $8,241.01 | ||
| Long-term Liabilities | |||
| Mortgage Loan | $24,331.56 | ||
| Replacement Reserve | $28,202.81 | ||
| Total Long-term Liabilities | $52,534.37 | ||
| Total Liabilities | $60,775.38 | ||
| Equity | |||
| General Fund Balance | |||
| Temporary Restricted Net Assets | |||
| Unrestricted Net Assets | |||
| Net Income | |||
| Total Equity | $498,442.59 | ||
| TOTAL LIABILITIES & EQUITY | $559,217.97 |
Do we have the resources to support our obligations? YES
