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Finance Committee Report 11-10

Finance Committee Report to Business Meeting of 11/21/10

The Finance Committee met on Nov. 10. Greg Cliburn, Simon DeDeo and Peggy Giltrow were present. Marcy Pompei was unexpectedly called out of town. The committee missed her wisdom, and the caring practicality which Lee Carter brought to our deliberations in the last 18 months.

Most of the meeting was spent dealing with the draft operating budget for 2011. The committee appreciated the responses of committee conveners as we dealt with individual line items. Thanks to the Good Works committee for providing their part of the budget, and for presenting Meeting with the opportunity to discuss how much we are prepared collectively to commit to helping those in need in our local community and in the larger Quaker world. The draft budget is provided separately for Friends to consider.

Rising costs for operating expenses and an increase in Good Works spending mean that we are presenting a deficit budget. If Meeting agrees to the proposed draft, we must find a way to energize our Meeting community to support that budget, through increased donations or in some other manner. If each member could give $300 in unrestricted donations to Meeting in 2011, we would be very close to the needed amount. In these difficult times, some people will not be able to give that much, but some will be able to give more.

We suggest that if Meeting agrees to try to fund the proposed budget that we would prorate Good Works donations to organizations during the year, and finish donations equally at the end of the year, depending on what has actually come in. In other words, we would budget in hope and spend based on reality.

The Finance Committee asks Meeting to approve the establishment of an Emergency Assistance Fund. Wording to describe the fund and its relation to the Emergencies line item in Good Works is provided on a separate sheet. The Finance Committee will continue its work to describe each designated Meeting fund and present the descriptions to a business meeting after the beginning of the new year.

Respectfully submitted,

Peggy Giltrow, convener

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