2013 Annual Session report – Treasurer

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Pacific Yearly Meeting

Treasurer’s Report-Narrative

Annual Session

July, 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 06/30/2013.
  • Income from Monthly Meetings (#4101) for this fiscal year, as of 6/30/2013, is $112,214. Thank you!
  • In the current fiscal year, $4,000 has been moved from the Youth Program Reserve to the general account. The current (06/30/13) 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 June 30, 2013, we had $87,553 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.

Respectfully submitted,
Ed Flowers
Treasurer

 

2013 Annual Session Proposed Budget

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2012 Proposed
6100 · Income Budget Actual 2013
6110 · Miscellaneous Contributions 1,000 225 250
6111 · Registration fees for Session 119,150 98,816 106,800
6112 · Fees from Session Accts. 8,241 8,000
6113 · Fees from General Accts. 6,607 6,000
Total 6100 · Income 120,150 113,889 121,050
6200 · Expenses
6220 · Registrar’s Expenses 300 92 200
6221 · Secretariat’s Expenses 1,000 726 1,500
6222 · Arrangement Clerk Expenses 1,000 0 600
6223 · Children’s Program 12,500 9,928 11,000
6224 · Cost of Facilities 83,000 71,629 92,400
6225 · Junior Yearly Meeting 5,700 4,819 5,500
6226 · Young Friends 200 53 200
6227 · Breakage 100 0 100
6228 · PYM Clerk’s Invited Guests 1,000 422 1,000
6229 · Insurance 2,200 500 500
6232 · Bank Fees 50 12 50
6233 · Miscellaneous 100 0 0
6234 · Fee for registration 5,000 5,000 3,000
6235 · Contingency Expenses 8,000 0 5,000
Total 6200 · Expenses 120,150 93,181 121,050
Excess: 20,708

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)