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Finance Committee Report 11-11

Finance Committee Report from November 13, 2011

  1. The Finance committee would like to publish the distribution of the contributions from Lee Carter Estate:

1st Distribution: 50% went to the new meeting house fund for bricks and mortar in the amount of $569.00 and 50% went to the general fun in the amount of $569.00.

2nd Distribution: 33% in the amount of $2,460.33 went to the new meeting
house fund for bricks and mortar and 66% in the amount of $4,920.67
went to the General Fund.

  1. The Budget request includes a $1,190 increase in operational expenses. This increase is to provide funds to provide for the appraisal of the art work owned by the meeting and to provide for a Ryder to the homeowners insurance policy. There is also an increase in the child care line item to provide child care during the business meeting for worship. The Good Works budget makes donations at the same level as last fiscal year..

  1. The Finance Committee is anticipating the annual audit to begin after January 30, 2012.

  1. The Finance Committee is researching the meaning of “Fiduciary Responsibility” and intends to consider Assets Management issues and to make recommendations to the business meeting for worship in the Spring of 2012.

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