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 [1]Faith and Practice [1].

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 [2]: 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 [3]: 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,
		[4]
/s/ Jonie LaBombard, Recording Clerk		/s/ Mark Barker, Presiding Co-Clerk

Concord Monthly Meeting

Income & Expenses as of Eleventh Month 30, 2017 [5] (50% of Fiscal Year)
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

Accrual Basis Balance Sheet as of Eleventh Month 30, 2017 [5]
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