CMM 2018-07-08
Minutes of Meeting for Worship for Business
Concord (NH) Monthly Meeting of
the Religious Society of Friends
Seventh Month 8, 2018
Attending: 8?
7.1 The Meeting was opened with a brief period of silence. The minutes as published on our website for sixth month Meeting for Worship with attention to business were accepted.
7.2 Membership: M & C committee reported that the application for membership from Jonah Sutton-Morse progressed through clearness committee and way was found open to accept him as a member of our community. Meeting accepted the report with gratitude and joy.
7.3 Budget Report: Meeting treasurer reported on our finances year-to-date. The statement is attached. Friends were reminded that the budget can be altered during the year if needed. The process for committees is to send a request about the needs to the budget committee. The report was accepted.
7.4 NEYM Minute 2017-42: We reflected on a request to respond about our individual and corporate involvement with support for our immigrant neighbors and for Muslims generally as called upon by minute 2017-42 of the Yearly Meeting. One member agreed to write and share with the others gathered today about our activities in this realm. Others should respond to him quickly if they have material to add. He will endeavor to have this report finished and sent by the requested July 25th deadline to allow a report to emerge at August NEYM sessions. Friends spent another period of time reflecting on the spiritual aspects of our involvement.
7.5 Meeting was closed with a brief period of quiet worship, purposing to meet again on second First Day of Eighth month.
| Submitted by, | Accepted as the Approved Record, | |
| /s/ Jennifer J. Smith, Recording Clerk | /s/ Richard Kleinschmidt, Presiding Co-Clerk |
| Concord Monthly Meeting Income & Expenses | 2018-06-01..30 | FY 2019 Budget | Over/(Under) Budget | % Budget |
|---|---|---|---|---|
| Income | ||||
| Contributions | $1,710 | $25,600 | ($23,890) | 7% |
| Interest Income | $0 | $680 | ($680) | 0% |
| Rental Income | $50 | $800 | ($750) | 6% |
| Total Income | $1,760 | $27,080 | ($25,320) | 7% |
| Expenses | ||||
| Program | ||||
| Budget Committee | $0 | $20 | ($20) | 0% |
| Hospitality | $0 | $180 | ($180) | 0% |
| Library | $0 | $50 | ($50) | 0% |
| Ministry & Counsel | $0 | $175 | ($175) | 0% |
| Outreach | ||||
| Website Expenses | $0 | $280 | ($280) | 0% |
| Outreach - Other | $105 | $260 | ($155) | 40% |
| Total Outreach | $105 | $540 | $435 | 19% |
| Peace, Social & Earthcare Concerns | $0 | $300 | ($300) | 0% |
| Youth & Religious Education | $0 | $300 | ($300) | 0% |
| Total Program | $105 | $1,565 | ($1,460) | 7% |
| Property | ||||
| Building Maintenance | $0 | $600 | ($600) | 0% |
| Debt Service | $0 | $3,810 | ($3,810) | 0% |
| Donation in Lieu of Taxes | $0 | $310 | ($310) | 0% |
| Electricity | $83 | $1,000 | ($917) | 8% |
| Grounds | $0 | $100 | ($100) | 0% |
| Insurance | $144 | $1,800 | ($1,656) | 8% |
| Replacement Reserve Expense | $480 | $5,760 | ($5,280) | 8% |
| Snow Removal | $0 | $1,900 | ($1,900) | 0% |
| Supplies - Bldg. & Maintenance | $0 | $190 | ($190) | 0% |
| Wood Pellets | $0 | $1,720 | ($1,720) | 0% |
| Total Property | $707 | $17,190 | ($16,483) | 4% |
| Support | ||||
| AFSC | $124 | $1,490 | ($1,366) | 8% |
| Dover Quarterly Meeting | $0 | $10 | ($10) | 0% |
| FCNL | $0 | $140 | ($140) | 0% |
| Friends Camp | $0 | $280 | ($280) | 0% |
| FWCC | $0 | $60 | ($60) | 0% |
| Interfaith Council | $0 | $50 | ($50) | 0% |
| NEYM - Equalization Fund | $0 | $270 | ($270) | 0% |
| NEYM - General Fund | $469 | $5,630 | ($5,161) | 8% |
| NHCADP | $0 | $100 | ($100) | 0% |
| NH Council of Churches | $0 | $75 | ($75) | 0% |
| Woolman Hill | $0 | $220 | ($220) | 0% |
| Total Support | $593 | $8,325 | ($7,732) | 7% |
| Total Expense | $1,405 | $27,080 | ($25,675) | 5% |
| Net Income | $355 | ($355) |
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 | 6th Month 30, 2018 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Checking/Savings | |||
| Checking 123410166 | $6,291 | ||
| Money Market 101049498 | $6,582 | ||
| Total Checking/Savings | $12,873 | ||
| Other Current Assets | |||
| Prepaid Electricity | $9,917 | ||
| Prepaid Expense - Other | $64 | ||
| Prepaid Insurance | $862 | ||
| Prepaid Wood Pellets | $300 | ||
| Total Other Current Assets | $11,142 | ||
| Total Current Assets | $24,015 | ||
| Fixed Assets | |||
| Building | $466,455 | ||
| Land (including new lot) | $144,400 | ||
| Total Fixed Assets | $610,855 | ||
| Total Other Assets - NH Community Loan Fund | $20,819 | ||
| TOTAL ASSETS | $655,689 | ||
| LIABILITIES & EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Building & Grounds Fund | $476 | ||
| Friendly Assistance Fund | $1,000 | ||
| Operating Reserve | $3,000 | ||
| Solar Grant Funds | $1,209 | ||
| Special Projects | |||
| Kakamega (Kenya) Orphanage | $441 | ||
| Social Justice Fund | $1,300 | ||
| Total Special Projects | $1,741 | ||
| Total Current Liabilities | $7,426 | ||
| Long-term Liabilities | |||
| Mortgage Loan 1 | $21,693 | ||
| Replacement Reserve | $31,389 | ||
| Total Long-term Liabilities | $53,082 | ||
| Total Liabilities | $60,507 | ||
| Total Equity | $595,182 | ||
| TOTAL LIABILITIES & EQUITY | $655,689 |
NB. The following was not in the original spreadsheet, but was calculated from data in the spreadsheet.
Do we have the resources to support our obligations? YES
Variable Assets Less Current Liabilties and Replacement Reserve = $6,019
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.
| Total Current Assets | $24,015 |
| Total NHCLF Loans | $20,819 |
| - Total Current Liabilities | ($7,426) |
| - Replacement Reserve | ($31,389) |
| Total Available: | $6,019 |
