2013 RepCom Treasurer Report

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Pacific Yearly Meeting

Treasurer’s Report-Narrative

Representative Committee Meeting

March 1-3, 2013

PYM has two accounts; the General Account for all economic activity outside of the Session, and the Session Account. For both accounts, the fiscal year is October 1st through September 30th.

Items of Note

General Account

  • For the General Account, this report covers the years 2011-12 and year-to-date, 10/01/2012 through 01/31/2013.
  • Income from Monthly Meetings (#4101) for this fiscal year, as of 1/31/2013, is $63,595. Thank you!
  • 5213-Attendance Assistance for the Annual Session was budgeted at $7,000, and $1,286.50 of it was not used.
  • Last fiscal year, income exceeded expenses by $3,795. This was added to the Reserve.
  • In the current fiscal year, $4,000 has been moved from the Youth Program Reserve to the general account. The current (1/31/13) balance in the Youth Program Reserve is $13,383.
  • We have a $20,000 3-year loan to Friends House. The interest on this 3%, which is much better than any CD we can get at this time.
  • FGC Scholarship (#2735) is used to support Young Friends to attend FGC. This account now has a balance of $1,979, down from $20,460 in 2000.
  • On page 3 of the report, I’ve added Donations to Restricted Funds. Thank you!

Session Account

  • For the 2012 Session, income exceeded expenses by $20,709.
  • As of January 31, 2013, we had $33,971 in the Session bank account. We also have deposits of $4,000: $2,000 with Mt. Madonna for 2013 and $2,000 with Walker Creek for 2014.
  • Note that in 2010 the Session Reserve was $1,832, in 2011 it was $16,729, and that now it is $37,971.

Respectfully submitted,

Ed Flowers

Treasurer

See 2013 RepCom Treasurer Report  for full report and spreadsheets not displayed here. (PDF file)