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 [1]: 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 [2] finished and sent by the requested July 25^th 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 and Expenses as of Sixth Month 30, 2018 [3]

(8⅓% of Fiscal Year 2019)
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 [4]	$124	$1,490	($1,366)	8%
Dover Quarterly Meeting	$0	$10	($10)	0%
FCNL [5]	$0	$140	($140)	0%
Friends Camp [6]	$0	$280	($280)	0%
FWCC [7]	$0	$60	($60)	0%
Interfaith Council [8]	$0	$50	($50)	0%
NEYM [9] - Equalization Fund	$0	$270	($270)	0%
NEYM - General Fund	$469	$5,630	($5,161)	8%
NHCADP [10]	$0	$100	($100)	0%
NH Council of Churches [11]	$0	$75	($75)	0%
Woolman Hill [12]	$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 FY 2019

Accrual Basis Balance Sheet as of Sixth Month 30, 2018 [13]
Concord Monthly Meeting Balance Sheet	6^th 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.

Current Liquidity Available
Total Current Assets	$24,015
Total NHCLF Loans	$20,819
- Total Current Liabilities	($7,426)
- Replacement Reserve	($31,389)
Total Available:	$6,019