CMM 2020-01-12

Minutes of Meeting for Worship with Attention to Business

Concord (NH) Monthly Meeting of

the Religious Society of Friends

First Month 12, 2020

Nine Friends gathered and entered into quiet worship. We accepted the minutes of Twelfth month [1] as posted on the website.

01.1 Finance Committee: We received the Finance Committee report. Donations are slightly above the budgeted amount. Income from rentals is also slightly higher than expected. Property Committee is looking into the appropriate amount to hold in our reserves for major replacements. Income and expenses from June through December of the current fiscal year, we have received $16,660 which is 60% of projected income 58% through the fiscal year. Expenditures for the seven months were $12,400. The balance sheet was updated with minor structural change since the last report.

Finance and Property Committees should be aware of the rollover dates of our loans to the NH Community Loan Fund.

Committee requests for funding in next year’s budget should be submitted to the Finance Committee by March 31. They are requested to consider the good that they can do in the world with their funds.

01.2 Property Committee expects to have a suggested amount for the major replacement reserves by the end of March. They are also researching possible new heating systems. Noise reduction in the Fellowship Room should become a higher priority for the committee as it is difficult for those of us with hearing issues.

01.3 Ministry & Council reported that this month’s Fourth Sunday program will focus on the State of Society [2] report [for 2019]. An upcoming Fourth Sunday program on how to engage the Meeting on racism and micro-aggression will hopefully lead to ongoing involvement with this issue.

01.4 Peace, Social, and Earthcare Concerns Committee is still focusing on the mass incarceration issue, perhaps working with the ACLU [3].

Friends considered and approved a letter responding to the killings and threat of war in the Middle East as attached.

01.5 Kakamega Fundraisers: The Meeting has raised approximately $900 as of January 1, through the SERRV [4], ‘Make and Take’, and the “Abundance in Advent” [5] calendar fundraisers. Friends are invited to send their contributions for the advent calendar even if they haven’t finished all of their calculations.

Meeting was concluded with a brief moment of worship purposing to meet again on the second First Day of Second Month 2020.

Submitted by,		Accepted as the Approved Record,

/s/ Jone LaBombard, substitute Recording Clerk		/s/ Richard Kleinschmidt, Presiding Clerk

Concord Monthly Meeting

Income and Expenses as of Twelfth Month 31, 2019 [6]

(58⅓% of Fiscal Year 2020)
Concord Monthly Meeting Income & Expenses	2019-06-01 – 2019-12-31	FY 2020 Budget	Amount Remaining	% Budget
Income
Contributions	$15,115	$25,150	$10,355	60%
Interest Income	$7	$680	$673	1%
Rental Income	$1,538	$1,500	-$38	103%
Solar Roof Lease	$0	$240	$240	0%
Total Income	$16,660	$27,570	$10,910	60%
Expenses
Program
Budget/Finance Committee	$0	$30	$30	0%
Hospitality	$56	$180	$124	31%
Library	$40	$90	$50	44%
Ministry & Counsel	$0	$225	$225	0%
Outreach
Outreach - Other	$0	$355	$355	0%
Website Expenses	$64	$280	$216	23%
Total Outreach	$64	$635	$571	10%
Peace, Social & Earthcare Concerns	$0	$600	$600	0%
Youth & Religious Education	$42	$300	$258	14%
Total Program	$203	$2,060	$1,857	10%
Property
Building Maintenance	$9	$600	$591	2%
Debt Service	$1,903	$3,805	$1,902	50%
Donation in Lieu of Taxes	$0	$500	$500	0%
Electricity	$583	$1,000	$417	58%
Grounds	$0	$100	$100	0%
Insurance	$1,101	$2,000	$899	55%
Replacement Reserve Expense	$2,800	$4,800	$2,000	58%
Snow Removal	$0	$2,000	$2,000	0%
Supplies - Bldg. & Maintenance	$154	$200	$46	77%
Wood Pellets	$1,180	$1,680	$500	70%
Total Property	$7,732	$16,685	$8,953	46%
Support
AFSC [7]	$913	$1,565	$652	58%
Dover Quarterly Meeting	$0	$10	$10	0%
FCNL [8]	$0	$150	$150	0%
Friends Camp [9]	$0	$300	$300	0%
FWCC [10]	$0	$65	$65	0%
Interfaith Council [11]	$0	$50	$50	0%
NEYM [12] - Equalization Fund	$0	$290	$290	0%
NEYM - General Fund	$3,553	$6,090	$2,538	58%
NH Council of Churches [13]	$0	$75	$75	0%
Woolman Hill [14]	$0	$230	$230	0%
Total Support	$4,465	$8,825	$4,360	51%
Total Expense	$12,400	$27,570	$15,170	45%
Net Income	$4,260

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 FY 2020

Accrual Basis Balance Sheet as of Twelfth Month 31, 2019 [15]
Concord Monthly Meeting Balance Sheet	12^th Month 31, 2019
ASSETS
Current Assets
Checking/Savings
Checking 123410166	$17,379
Money Market 101049498	$6,599
Total Checking/Savings	$23,978
Other Current Assets
Prepaid Electricity	$8,417
Prepaid Insurance	$2,062
Total Other Current Assets	$10,479
Total Current Assets		$34,457
Fixed Assets
Building	$466,455
Land (including new lot)	$144,400
Total Fixed Assets		$610,855
Total Other Assets - NH Community Loan Fund [16]		$21,550
TOTAL ASSETS			$666,862
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable	$348
Total Accounts Payable	$348
Other Current Liabilities
Building & Grounds Fund	$485
Friendly Assistance Fund	$1,000
Operating Reserve	$3,000
Solar Grant Funds	$1,209
Special Projects
AFSC-NH	$200
Christine / Kakamega Care Centre	$1,301
Social Justice Fund	$897
Total Special Projects	$2,398
Total Other Current Liabilities	$8,093
Total Current Liabilities		$8,441
Long-term Liabilities
Mortgage Loan 1	$18,920
Replacement Reserve	$39,469
Total Long-term Liabilities		$58,388
Total Liabilities		$66,829
Total Equity		$600,033
TOTAL LIABILITIES & EQUITY			$666,862

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.

Do we have the resources to support our obligations? YES

Variable Assets Less Current Liabilities and Replacement Reserve = $3,837

Current Liquidity Available
+ Total Current Assets	$34,457
+ Total NHCLF Loans	$21,550
Total Available Assets		$56,007
- Total Current Liabilities	($8,441)
- Replacement Reserve	($39,469)
- YTD Net Income	($4,260)
		($52,170)
= Net Unrestricted Funds: (if projected budget is achieved)		$3,837

Middle East War Threat [17]

[Third Draft As approved by Meeting for Business– Sunday 1/12/20]

A Quaker response to the killings and threat of war in the middle east.

More killing is not the answer.

International affairs are complicated. We do not pretend to know all the answers, but we are clear that the Holy Spirit teaches us to love our enemies and that revenge only leads to more hatred.

As we grope our way through this life, we seek guidance from the Holy Spirit, and we seek to live in ways that take away the seeds of war and violence.

We urge you to tell the White House that you want an end to the killing in the Middle East. We invite anyone concerned by the threat of war to sit with us in Quaker worship as we listen to the promptings of Love and Truth in our hearts and seek to bring God’s love to this world.

ConcordFriendsMeeting.org, 11 Oxbow Pond Road (Exit 17), Canterbury, NH