CMM Balance Sheet Comparison 2023-06-15
Concord Monthly Meeting - Statement of Operations
June 2022 through May 2023
| Concord Monthly Meeting Statement of Operations | 2022-06-01 – 2023-05-31 | Budget – FY 2022-23 | $ Over Budget | % of Budget Remaining |
|---|---|---|---|---|
| Income | ||||
| Contributions | $27,591.35 | $27,400.00 | $191.35 | 100.7% |
| Interest Income | 929.88 | 810.00 | 119.88 | 114.8% |
| Rental Income | 1,729.00 | 900.00 | 829.00 | 192.1% |
| Solar Roof Lease | 240.00 | 240.00 | 0.00 | 100.0% |
| Total Income | 30,490.23 | 29,350.00 | 1,140.23 | 103.9% |
| Expense | % of Budget Spent | |||
| Program | ||||
| Finance Committee | 0.00 | 30.00 | (30.00) | 0.0% |
| Hospitality | 64.84 | 100.00 | (35.16) | 64.8% |
| Library | 25.59 | 140.00 | (114.41) | 18.3% |
| Ministry and Counsel Committee | 0.00 | 400.00 | (400.00) | 0.0% |
| Outreach Committee | 189.80 | 175.00 | 14.80 | 108.5% |
| Peace & Social Concerns | 0.00 | 150.00 | (150.00) | 0.0% |
| Right Relations | 0.00 | 400.00 | (400.00) | 0.0% |
| Web Site Committee | 147.63 | 1,000.00 | (852.37) | 14.8% |
| Youth & Religious Ed. Committee | 176.21 | 300.00 | (123.79) | 58.7% |
| Total Program | 604.07 | 2,695.00 | (2,090.93) | 22.4% |
| Property | ||||
| Data Usage | 1,007.86 | 960.00 | 47.86 | 105.0% |
| Debt Service | 3,806.40 | 3,805.00 | 1.40 | 100.0% |
| Donation in Lieu of Taxes | 500.00 | 500.00 | 0.00 | 100.0% |
| Electricity | 999.12 | 1,000.00 | (0.88) | 99.9% |
| Grounds | 78.25 | 100.00 | (21.75) | 78.3% |
| Insurance | 2,884.26 | 2,890.00 | (5.74) | 99.8% |
| Maintenance | 1,276.06 | 1,180.00 | 96.06 | 108.1% |
| Replacement Reserve Expense | 3,810.00 | 3,810.00 | 0.00 | 100.0% |
| Snow Removal | 1,460.00 | 1,600.00 | (140.00) | 91.3% |
| Supplies - Bldg. & Maintenance | 149.86 | 250.00 | (100.14) | 59.9% |
| Wood Pellets | 1,318.80 | 1,200.00 | 118.80 | 109.9% |
| Total Property | 17,290.61 | 17,295.00 | (4.39) | 100.0% |
| Support | ||||
| AFSC | 1,640.00 | 1,640.00 | 0.00 | 100.0% |
| Dover Quarterly Meeting | 10.00 | 10.00 | 0.00 | 100.0% |
| FCNL | 157.00 | 157.00 | 0.00 | 100.0% |
| Friends Camp | 314.00 | 314.00 | 0.00 | 100.0% |
| FWCC | 68.00 | 68.00 | 0.00 | 100.0% |
| Interfaith Council | 50.00 | 50.00 | 0.00 | 100.0% |
| NEYM - Equalization Fund | 314.00 | 314.00 | 0.00 | 100.0% |
| NEYM - General Fund | 6,491.00 | 6,491.00 | 0.00 | 100.0% |
| NH Council of Churches | 75.00 | 75.00 | 0.00 | 100.0% |
| Woolman Hill | 241.00 | 241.00 | 0.00 | 100.0% |
| Total Support | 9,360.00 | 9,360.00 | 0.00 | 100.0% |
| Total Expense | 27,254.68 | 29,350.00 | (2,095.32) | 92.9% |
| Net Income | 3,235.55 | 0.00 | 3,235.55 | 100.0% |
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 | 2023-05-31 | 2022-05-31 | $ Change | Notes |
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Checking/Savings | ||||
| Checking *068 | 23,630 | 20,409 | 3,221 | |
| Granite State Cr Union Savings | 10 | - | 10 | new account |
| Money Market *076 | 6,613 | 6,605 | 8 | |
| Total Checking/Savings | 30,253 | 27,014 | 3,239 | |
| Other Current Assets | ||||
| Prepaid Electricity | 5,002 | 6,001 | (999) | decreased $1000 yearly |
| Prepaid Expense - Other | - | 148 | (148) | |
| Prepaid Insurance | 1,738 | 1,643 | 96 | |
| Prepaid Wood Pellets | 604 | - | 604 | the bin is nearly full now |
| Total Other Current Assets | 7,344 | 7,791 | (447) | |
| Total Current Assets | 37,597 | 34,805 | 2,792 | |
| Fixed Assets | ||||
| Building | 466,455 | 466,455 | - | |
| Land | 144,400 | 144,400 | - | |
| Total Fixed Assets | 610,855 | 610,855 | - | |
| Other Assets | ||||
| Granite State Credit Union CD | 3,034 | - | 3,034 | long term savings |
| NH Comm. Loan Fund | 24,869 | 23,982 | 887 | long term savings |
| Total Other Assets | 27,904 | 23,982 | 3,921 | |
| TOTAL ASSETS | 676,355 | 669,642 | 6,713 | |
| LIABILITIES & FUND BALANCES | ||||
| Liabilities | ||||
| Mortgage Loan | 6,340 | 9,723 | (3,383) | last payment will be Jan 2025 |
| Total Liabilities | 6,340 | 9,723 | (3,383) | |
| Equity | ||||
| General Fund Balance | 610,855 | 610,855 | - | |
| General Fund Balance - Other | 561 | (8,134) | 8,694 | from FY net gain, loan principal payments, closing operating reserve of $2000 this year |
| Total General Fund Balance | 611,416 | 602,721 | 8,694 | |
| Temp. Restricted Net Assets | ||||
| Donor Restricted Funds | ||||
| Asylum Seekers Support Fund (ASSF) | 37 | 1,760 | (1,724) | |
| Kakamega Family Support Fund | 2,553 | 794 | 1,759 | yard sale |
| Mindful Mortality | 775 | 200 | 575 | |
| Social Justice Fund | 303 | 603 | (300) | |
| Solar Grant Fund | 1,209 | 1,209 | - | |
| Total Donor Restricted Funds | 4,877 | 4,567 | 310 | |
| Meeting Temp. Restricted Funds | ||||
| Blended Meeting Technology | - | 183 | (183) | |
| Building & Grounds Fund | - | 485 | (485) | |
| Friendly Assistance Fund | 950 | 1,000 | (50) | |
| Operating Reserve | - | 2,000 | (2,000) | |
| Replacement Reserve | 52,773 | 48,963 | 3,810 | annual increase per budget |
| Total Meeting Temp. Restricted Funds | 53,723 | 52,631 | 1,092 | |
| Total Temp. Restricted Net Assets | 58,600 | 57,198 | 1,402 | |
| Total Equity | 670,015 | 659,919 | 10,096 | |
| TOTAL LIABILITIES & EQUITY | 676,355 | 669,642 | 6,713 |
