CMM 2024-11-10
Minutes of Meeting for Worship with Attention to Business
Concord (NH) Monthly Meeting of
the Religious Society of Friends
10th of Eleventh Month 2024
Thirteen Friends gathered for meeting for worship to attend to business in person and by Zoom. We opened with a period of quiet worship.
The Minutes of Tenth month 2024 were approved as posted on our website with one correction. Minute 10.2 misstated the account balance for prepaid electricity. The relevant portion of the minute should have read: “…Oxbow Solar LLC has acknowledged the Meeting’s credit for prepaid electricity in the amount of $3,500 (calculated to the end of October 2024) and thereby reduces the required payment for the solar array assets to $14,566.”
11.01 Finance Reports: Greg H, Bookkeeper, reported on operations from June through October 2024. Income was $17,622 and expenses were $13,531 for a net gain of $4,091. We have completed the purchase of the solar array resulting in a variety of changes to the balance sheet. Cash on hand is $13,292. The IRS form 990T has been submitted requesting a governmental payment of approximately $15,300 for the installation of the geothermal system.
| Total Income: | $17,622 | |
|---|---|---|
| Total Expenses: | $13,531 | |
| Net Income: | $4,091 |
11.02 Burial and Green Burial in the Town of Canterbury. Kathy U reported on her survey of members regarding their interest in burial in Canterbury. This arose due to an inquiry from the Cemetery Trustees of the Town of Canterbury. Of the 24 surveyed there are 8 who could be interested in being buried in Canterbury and 2 are presently residents of Canterbury. Greg H will report this to the Trustees. Eventually we will hear more back from them.
11.03 Newsletter Report. Juliet C. announced that she is moving distribution of the newsletter to Thursday noon and the deadline for submissions will be Wednesday at 5 p.m.
11.04 AFSC Support Committee. Sara S. reported that they have been working on their annual fundraiser. The fundraising in advance has been very successful. The committee would like to engage with the Meeting and invites the Meeting to arrange for participation in one of our 4th Sunday programs. A program for the support of recently incarcerated women is presently underway.
Following our closing worship Friends adjourned purposing to meet again on Twelfth Month 8, 2024 as way opens.
| Respectfully submitted by, | Accepted as the Approved Record, | |
| /s/ Gregory Heath, Recording Clerk | /s/ Heidi Babb, Presiding Clerk |
| Concord Monthly Meeting Statement of Operations* | 2024-06-01 – 2025-10-31 | Budget – FY 2024-25 | Budget Remaining | % of Budget Raised |
|---|---|---|---|---|
| Income | ||||
| Contributions | $14,585 | $24,600 | $10,015 | 59% |
| Interest Income | $0 | $1,090 | $1,090 | 0% |
| Rental Income – Child Care | $2,757 | $7,440 | $4,683 | 37% |
| Rental Income – Others | $280 | $1,300 | $1,020 | 22% |
| Total Income | $17,622 | $34,430 | $16,808 | 51% |
| Expenses | % of Budget Spent | |||
| 1 Program | ||||
| Finance Committee | $0 | $100 | $100 | 0% |
| Hospitality | $101 | $100 | -$1 | 101% |
| Library | $0 | $140 | $140 | 0% |
| Ministry & Counsel | $165 | $400 | $235 | 41% |
| Outreach Committee | $0 | $175 | $175 | 0% |
| Peace, Social & Earthcare Concerns | $0 | $150 | $150 | 0% |
| PSECCC - Peace Pole | $841 | $610 | -$231 | 138% |
| Website Expense | $282 | $1,000 | $718 | 28% |
| Youth & Religious Education | $0 | $300 | $300 | 0% |
| Total Program | $1,389 | $2,975 | $1,586 | 47% |
| 2 Property | ||||
| Data Usage | $590 | $1,236 | $646 | 48% |
| Debt Service – Mortgage, P&I | $1,903 | $2,855 | $952 | 67% |
| Depreciation | $1,879 | $4,508 | $2,609 | 42% |
| Electricity | $500 | $1,000 | $500 | 50% |
| Furnishings | $0 | $1,000 | $1,000 | 0% |
| Grounds | $0 | $1,000 | $1,000 | 0% |
| Insurance | $1,431 | $3,498 | $2,067 | 41% |
| Maintenance | $2,478 | $3,000 | $522 | 83% |
| Snow Removal | $0 | $1,600 | $1,600 | 0% |
| Supplies - Bldg. & Maintenance | $84 | $3000 | $216 | 28% |
| Total Property | $8,864 | $19,997 | $11,133 | 44% |
| 3 Support | ||||
| AFSC | $0 | $1,946 | $1,946 | 0% |
| Dover Quarterly Meeting | $0 | $10 | $10 | 0% |
| FCNL | $0 | $167 | $167 | 0% |
| Friends Camp | $0 | $333 | $333 | 0% |
| Friends General Conference (FGC) | $0 | $164 | $164 | 0% |
| Friends United Meeting | $0 | $164 | $164 | 0% |
| FWCC | $0 | $234 | $234 | 0% |
| Interfaith Council | $0 | $50 | $50 | 0% |
| NEYM - Equalization Fund | $0 | $372 | $372 | 0% |
| NEYM - General Fund | $3,203 | $7,689 | $4,486 | 42% |
| NH Council of Churches | $75 | $75 | $0 | 100% |
| Woolman Hill | $0 | $255 | $255 | 00% |
| Total Support | $3,278 | $11,459 | $8,181 | 29% |
| Total Expense | $13,531 | $34,431 | $20,900 | 39% |
| Net Income | $4,091 |
* “A budget is a moral document” ~ often attributed to Martin Luther King, Jr. (1929 – 1968)
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 | 10th Month 31, 2024 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Checking/Savings | |||
| Checking MCSB | $13,116 | ||
| Money Market MCSB | $114 | ||
| Savings Granite State Cr Union | $10 | ||
| Schwab Cash Account | $51 | ||
| Total Checking/Savings | $13,292 | ||
| Other Current Assets | |||
| Prepaid Insurance | $567 | ||
| Total Other Current Assets | $567 | ||
| Total Current Assets | $13,859 | ||
| Fixed Assets | |||
| Building/Furnishings/Fixtures | $531,695 | ||
| Less Accumulated Depreciation | ($38,761) | ||
| Land (including new lot) | $144,400 | ||
| Total Fixed Assets | $637,334 | ||
| Other Assets | |||
| Total NH Community Loan Fund | $23,361 | ||
| Total Other Assets | $23,361 | ||
| TOTAL ASSETS | $674,553 | ||
| LIABILITIES & EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Other Current Liabilities | |||
| Prepaid Contributions | $100 | ||
| Total Other Current Liabilities | $100 | ||
| Long-term Liabilities | |||
| Loan - Solar Panel System | $9,000 | ||
| Mortgage Loan | $2,785 | ||
| Total Long-term Liabilities | $11,785 | ||
| Total Liabilities | $11,885 | ||
| Equity | |||
| General Fund Balance | |||
| Fire Safety Improvements | $33,635 | ||
| Land & Building Fund - Other | $610,855 | ||
| General Fund Balance – Other | $561 | ||
| Total General Fund Balance | $611,416 | ||
| Temp. Restricted Net Assets | |||
| Donor Restricted Funds | |||
| Asylum Seekers Support Fund (ASSF) | $247 | ||
| Kakamega Family Support Fund | $918 | ||
| Mindful Mortality | $975 | ||
| Solar Grant Fund | $1,209 | ||
| Total Donor Restricted Funds | $3,349 | ||
| Meeting Temp. Restricted Funds | |||
| Friendly Assistance Fund | $950 | ||
| Total Meeting Temp. Restricted Funds | $950 | ||
| Total Temp. Restricted Net Assets | $4,299 | ||
| Unrestricted Net Assets | $42,863 | ||
| Net Income | $4,091 | ||
| Total Equity | $662,668 | ||
| TOTAL LIABILITIES & EQUITY | $674,553 |
