CMM 2014-07-13
Minutes of Meeting for Worship for Business
Concord (NH) Monthly Meeting of the Religious Society of Friends
Seventh Month 13, 2014
Attending: 12
7.1 The meeting opened with a period of worship.
7.2 Welcoming Return: The Meeting welcomed the return of our sojourning member Richard Kleinschmidt with open hearts and arms.
7.3 Sixth Month Minutes: Correction to Minute 2014.6.7: For the fiscal year ending May 31st, 2014, our total income is…
7.4 Budget Committee Report: For the period of June 1st– June 30th, the first month of the fiscal year June 2014—May 2015 our total income is $2,502, total expense is $377, and net income is $2,125. We have received 10% of our income and spent 2% of our budgeted expenses.
It was suggested that the financial report include last year's actual figures for the comparable period. If lines that have no budgeted amount or expenses are not included in the financial report then the font could be larger. Budget Committee will consider this.
7.5 Nominating Committee Report: The committee recommends that Richard Kleinschmidt be appointed to Ministry and Counsel Committee. Friends approved wholeheartedly.
7.6 NEYM Annual Sessions Representation: Friends approved the appointment of Mark and Virginia Barker and Jay Smith as representatives to New England Yearly Meeting sessions in August 2014.
7.7 Outreach and Cookbook: Friends discussed developing a gluten free and vegetarian cookbook to be sold as a fundraiser, and possibly having a booth at the 2015 Canterbury Fair for outreach and to sell gluten free foods and the cookbook. Greg Heath and Kathy Urie are willing to help Sara Smith and Ruth Heath with this project. It was suggested that the committee consider making the cookbook available for Christmas gift-giving. Friends approved.
7.8 AFSC-NH Program Fundraiser: AFSC-NH has requested that the Meeting consider sponsoring its fall fundraising dinner, and so be listed as a sponsor in the program. Friends approved setting up a special collection for this purpose and directing Ministry and Counsel decide how to use those funds as a sponsorship and/or ad in the program. Contributions or pledges for this should be made before July 31st.
Friends recommended that the Budget Committee consider including this as part of next year's budget.
7.9 The meeting closed with a period of grateful worship.
Submitted by,
/s/ Jonie LaBombard, Recording Clerk
/s/ Ruth Heath, Presiding Co-Clerk
| Actuals for | Annual | Actuals Compared With: | ||
|---|---|---|---|---|
| 6/1/2014— 6/30/2014 | Budget | Annual Budget | % of Budget | |
| INCOME | ||||
| Contributions | 2,402 | 24,228 | -21,826 | 10% |
| Interest Income | 0 | 75 | -75 | 0% |
| Miscellaneous Income | 0 | 200 | -200 | 0% |
| Prior Year Funds | 0 | 0 | 0 | 0% |
| Rental Income | 100 | 800 | -700 | 13% |
| Uncatagorized Income | 0 | 0 | 0 | 0% |
| TOTAL INCOME | 2,502 | 25,303 | -22,801 | 10% |
| EXPENSE | ||||
| Program | ||||
| Budget Committee | 0 | 50 | -50 | 0% |
| Hospitality / Outreach | 0 | 150 | -150 | 0% |
| Library | 0 | 0 | 0 | 0% |
| Ministry and Counsel Committee | 0 | 50 | -50 | 0% |
| Peace & Social Concerns Committee | 0 | 50 | -50 | 0% |
| Workshop (net) | 0 | 0 | 0 | 0% |
| Youth & Religious Education Committee | 0 | 300 | -300 | 0% |
| Program - Other | 0 | 0 | 0 | 0% |
| Total Program | 0 | 600 | -600 | 0% |
| Property | ||||
| Building Maintenance | 0 | 250 | -250 | 0% |
| Building Wood Heat Upgrade | 0 | 0 | 0 | 0% |
| Debt Service | 0 | 3,806 | -3,806 | 0% |
| Donation in lieu of taxes | 0 | 300 | -300 | 0% |
| Electricity | 97 | 1,300 | 1,203 | 7% |
| Furnishings | 0 | 0 | 0 | 0% |
| Grounds | 100 | 100 | 0 | 100% |
| Insurance | 0 | 1,916 | -1,916 | 0% |
| Rent Expense | 0 | 0 | 0 | 0% |
| Replacement Reserve Expense | 0 | 5,075 | -5,075 | 0% |
| Snow Removal | 0 | 1,900 | -1,900 | 0% |
| Supplies - Building & Maintenance | 50 | 400 | -350 | 13% |
| Telephone | 60 | 430 | -370 | 14% |
| Wood Pellets | 0 | 1,300 | -1,300 | 0% |
| Property - Other | 0 | 0 | 0 | 0% |
| Total Property | 307 | 16,777 | -16,470 | 2% |
| Support | ||||
| AFSC | 0 | 1,300 | 1,300 | 0% |
| Dover Quarterly Meeting | 0 | 10 | -10 | 0% |
| FCNL | 0 | 120 | -120 | 0% |
| Friends Camp | 0 | 253 | -253 | 0% |
| FWCC | 0 | 53 | -53 | 0% |
| Interfaith Council | 0 | 50 | -50 | 0% |
| NEYM - Equalization Fund | 0 | 500 | -500 | 0% |
| NEYM - General Fund | 0 | 5,000 | -5,000 | 0% |
| NH Council of Churches | 0 | 50 | -50 | 0% |
| The Meeting School | 0 | 0 | 0 | 0% |
| Support - Other | 0 | 0 | 0 | 0% |
| Total Support | 0 | 7,336 | -7,336 | 0% |
| Other | ||||
| Advertising | 70 | 140 | -70 | 50% |
| Miscellaneous Expenses | 0 | 50 | -50 | 0% |
| Other - Other | 0 | 0 | 0 | 0% |
| Total Other | 70 | 190 | -120 | 37% |
| TOTAL EXPENSE | 377 | 24,903 | -24,256 | 2% |
| NET INCOME | 2,125 | 400 | 1,725 | |
| Concord Monthly Meeting Balance Sheet | 6th Month 30, 2014 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Checking/Savings | |||
| Checking 123410166 | $10,538 | ||
| Money Market 101049498 | $1,577 | ||
| Total Checking/Savings | $12,116 | ||
| Other Current Assets | |||
| Prepaid Insurance | $1,105 | ||
| Total Other Current Assets | $1,105 | ||
| Total Current Assets | $13,221 | ||
| Fixed Assets | |||
| Building | $466,455 | ||
| Land | $50,000 | ||
| Total Fixed Assets | $516,455 | ||
| Other Assets | |||
| NH Community Loan Fund 15 | $1,000 | ||
| NH Community Loan Fund 16 | $1,000 | ||
| NH Community Loan Fund 17 | $1,000 | ||
| NH Community Loan Fund 18 | $1,000 | ||
| NH Community Loan Fund 19 | $1,000 | ||
| Total Fixed Assets | $5,000 | ||
| TOTAL ASSETS | $534,676 | ||
| LIABILITIES & EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Construction Projects | $139 | ||
| Operating Reserve | $3,000 | ||
| Special Projects | |||
| Kakamega (Kenya) Orphanage | $196) | ||
| Total Special Projects | $196 | ||
| Total Current Liabilities | $3,335 | ||
| Long-term Liabilities | |||
| Mortgage Loan 1 | $31,505 | ||
| Replacement Reserve | $11,000 | ||
| Total Long-term Liabilities | $42,505 | ||
| Total Liabilities | $45,840 | ||
| Equity | |||
| General Fund Balance | $457,375 | ||
| Unrestricted Net Assets | $30,799 | ||
| Net Income | $662 | ||
| Total Equity | $488,835 | ||
| TOTAL LIABILITIES & EQUITY | $534,676 |
Do we have the resources to support our obligations? YES
Variable Assets Less Current Liabilties and Replacement Reserve = $3,885
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 | $13,221 |
| Total NHCL Loans | $5,000 |
| - Total Current Liabilities | ($3,335) |
| - Replacement Reserve | ($11,000) |
| Total Available: | $3,885 |
