PFoD Board Meeting

Wednesday, December 21, 2016 • 6:30pm – 9:30pm

Time Length Topic Who Desired Outcome Notes Opening

6:30pm 1 min Call to Order Greg Board can do business 6:31pm 3 min Meditation Sakula Begin in harmony 6:34pm 2 min Read Vision Statement * Remind us all of the vision 6:36pm 2 min Call for New Business Greg Revised agenda 6:38pm 2 min Approve Prev. Minutes Tena Final changes & approved

Reports 6:40pm 10 min Spiritual Director Report Sakula Understanding 6:50pm 10 min Action Item Review Alistair Know status of all items 7:00pm 10 min Brief Review of the

Community Meeting Charla Sharing our initial

impressions

New Business 7:10pm 30 min Income Budget 2017 Alistair Understanding the estimates 7:40pm 30 min Expense Budget 2017 -

Reviewing some changes Greg Understanding some updates

since the last meeting 8:10pm 5 min Break 8:15pm 60 min Budget Reconciliation -

Considering the options Alistair Understanding some ways to

reconcile income and exp. 9:15pm 15 min Setting Board Meeting

Dates in 2017 Greg Dates picked for the year

9:30pm 2 min Close Sakula Gratitude & harmony

* PFoD Vision Statement: We envision a City Sanctuary/Refuge, where we as laypeople can set aside our worldly burdens within a community that nurtures virtue, contentment and calm, so wisdom can arise. We aim to provide support for personal explorations into the Buddha's teachings, guidance in training our minds, and direct contact with lineage of Ajahn Chah monastics. Finally we envision a community of mutual support and companionship as we strive to apply these teaching in our daily lives, and walk the eightfold path.

PFoD Board Meeting

Wednesday, December 21, 2016 • 6:30pm – 9:30pm

Time Length Topic Who Desired Outcome Notes Opening

6:30pm 1 min Call to Order Greg Board can do business 6:31pm 3 min Meditation Sakula Begin in harmony 6:34pm 2 min Read Vision Statement * Remind us all of the vision 6:36pm 2 min Call for New Business Greg Revised agenda 6:38pm 2 min Approve Prev. Minutes Tena Final changes & approved

Reports 6:40pm 10 min Spiritual Director Report Sakula Understanding 6:50pm 10 min Action Item Review Alistair Know status of all items 7:00pm 10 min Brief Review of the

Community Meeting Charla Sharing our initial

impressions

New Business 7:10pm 30 min Income Budget 2017 Alistair Understanding the estimates 7:40pm 30 min Expense Budget 2017 -

Reviewing some changes Greg Understanding some updates

since the last meeting 8:10pm 5 min Break 8:15pm 60 min Budget Reconciliation -

Considering the options Alistair Understanding some ways to

reconcile income and exp. 9:15pm 15 min Setting Board Meeting

Dates in 2017 Greg Dates picked for the year

9:30pm 2 min Close Sakula Gratitude & harmony

* PFoD Vision Statement: We envision a City Sanctuary/Refuge, where we as laypeople can set aside our worldly burdens within a community that nurtures virtue, contentment and calm, so wisdom can arise. We aim to provide support for personal explorations into the Buddha's teachings, guidance in training our minds, and direct contact with lineage of Ajahn Chah monastics. Finally we envision a community of mutual support and companionship as we strive to apply these teaching in our daily lives, and walk the eightfold path.

2016-11-09 PFOD Board Meeting Minutes Page 1 of 3

Portland Friends of the Dhamma Planning Board Meeting Minutes

November 9, 2016 Portland Dhamma Center, 1404 SE 25th Ave, Portland

Directors Present: Greg Satir (Chair), Charla Chamberlain, Kristen Saxton, Sakula (Spiritual Director), Stephanie Allderdice Officers Present: Tena Hoke (Secretary), Alistair Williamson (Vice Chair), Bonnie Wilson (Treasurer) The meeting convened at 6:40 following a ten-minute meditation. A quorum was declared, with 4 of 5 Directors present. There was no new business, and the agenda was approved. Minutes Approval. The minutes from the previous meeting held October 12, 2016 were approved with no changes. At this point Bonnie and Kristen arrived, and all five Directors were present. Spiritual Director Report. Sakula clarified that where her report says “To put into place an operational strategy for my eventual exit…” that this is NOT based on a plan to leave. But she does want to have a plan in place to enable her eventual (long term) transition out of the role of Spiritual Director. Financial Report. Greg reviewed the financial statements produced by Bonnie. For Jan-Sept Income is at 100.2% of forecast and expenses are at 94.1% of forecast. Action Item Review. Alistair led a review of the action items highlighted in the minutes of the previous meeting. All items were completed. The action items related to the Wat Atam event were no longer necessary since the event was canceled due to the Thai king’s death. Kristen noted that the income from the auction was about $2900, making it a huge success! Kristen also noted that we have a signed lease with Mary Zinken, so there will be no down time between Samden Ling leaving and Mary Zinken starting up.. Calendaring Exercise for 2017. The four priority board focuses for 2017 (job descriptions, fundraising plan, volunteer structure, and a system to track Board follow-through) were all placed on a calendar along with the other established board tasks. Since responsible people were not assigned to any of the tasks, the calendar is just that, a calendar, not an established plan. Community Meeting Planning. Charla reviewed her updated proposal for the purpose and content of the Annual Community Meeting to be held Dec. 11th. The meeting will be from 10am until 1pm, pre-empting the regular Sunday Sila. Action Item Charla – send email by Nov. 18th inviting the community to attend this meeting. Action Item Charla – send a reminder email about this meeting by Dec. 8th.

2016-11-09 PFOD Board Meeting Minutes Page 2 of 3

Action Item Charla – coordinate child care for the meeting. Action Item Stephanie/Sakula – get the meeting on the web site and online calendar. Action Item Stephanie/Sakula – announce the meeting in The Observer. Action Item Alistair/Stephanie – prepare discussion topics for “We envision a City Sanctuary/Refuge where we as laypeople can set aside our worldly burdens within a community that nurtures vision, contentment and calm, so wisdom can arise.” Action Item Charla/Greg – prepare discussion topics for “We aim to provide support for personal explorations into the Buddha’s teachings, guidance in training our minds, and direct contact with lineage of Ajahn Chah monastics.” Action Item Sakula/Kristen – prepare discussion topics for “Finally we envision a community of mutual support and companionship as we strive to apply these teaching in our daily lives, and walk the eightfold path.” Reviewing Expenses for 2017. Following a review of how each person or team arrived at their projected expense budget, the major changes in projected expenses were highlighted and the work of the Compensation Review Committee was presented. No decisions were made. In preparation for next month’s review of projected income, we will need the following: Action Item Greg – by Dec. 5, project income for: Pledges, Bowl, Fundraising Appeals, Mail/Spontaneous Action Item Kristen – by Dec. 5, project income for: Auction and all Rentals Action Item Bonnie – by Dec. 7, created spreadsheet for budgeting 2017 income The meeting was adjourned at 9:30pm following a brief meditation.

Additional Decisions Approved by E-Mail: Tbd

2016-11-09 PFOD Board Meeting Minutes Page 3 of 3

Spiritual Director’s Report - Oct 12, 2016 • As per action item in Sept’s board meeting minutes, the vision and mission statements have been posted on the downstairs bulletin board • Kristen has picked up the bulk of responsibility regarding signing a new group to lease Tuesday evenings on a weekly basis. I’ll let her report speak on that. • To my delight, Stephanie Allderdice has expressed an interest in volunteering as my admin assistant. We are currently in discussion. As Operations Team Chair I’m looking into recruiting a volunteer lead person for the CareTakers Lead. I hope to have Stephanie in place as Admin. assistant to the S.D. by Dec. 1st. • Luang Por Pasanno expressed his appreciation for how well our community has developed with these words (from his Friday night visit in late Sept) “It’s a delight to be here again. All seems to be working like a well oiled machine.” • I’m in discussion with Jessica S. about doing a weekly meditation/reflections evening. We’re aiming to work something out that fits well for our current programming schedule and her life’s responsibilities. We hope to have something in place by Jan/Feb of 2017. • Again this year I will be doing a retreat at Wat Atam in Woodenville, WA. Fri - Sun, October 28, thru 30th. • I’ve also been invited to offer a daylong at a Theravada monastery in Olympia, WA. sometime in Feb, 2017. Visiting Teachers - Since last board meeting • Luang Por Pasanno, Luang Por Viradhammo along with the Pacific Hermitage monks • Lay Minister Jaya Karlson joined Sakula for an Upasika Daylong • Pacific Hermitage monks for Fri evening and Saturday meal offering • Ajahn Karunadhammo returns to Abhayagiri next week for winter retreat

INCOMEDRAFTBudget

2017

Src of Budget

Est.*

ActualEnd of

Nov 2016Budget

2016

ORIGINALBudget

2016Actual2015

4000 · PledgesTotal 4000 · Pledges 31,000 GS 26,283 28,000 Estimated to be $29,000 by end of 2016 28,000 26,039

4100 · Programming 4110 · Weekly Programs (Fri, Sun) 4,500 GS 4,403 4,500 3,500 3,513

4120 · Workshops (Mon, Sat) 2,000 GS 1,850 2,850 2,850 1,941

4130 · Visiting Teachers 3,000 GS 3,051 2,6502016: Aj Sona, Aj Amaro, Debbie, Jaya, Ayya Tataloka, LP Pasanno, Aj Geoff, PHx62017: Aj Geoff, Debbie, Jaya, PHx4, One more

2,650 2,497

4140 · Mail, Online, Spontaneous 1,500 GS 1,499 1,700 1,700 2,219

Total 4100 · Programming 11,000 10,803 11,700 10,700 10,169

4200 · Fundraising 4210 · Appeals 10,000 GS 4,761 8,500 2015: Jan $1,660 • June $725 • Dec $4,561

2016: Jan $4,288 • June $526 • Dec $x,xxx 8,500 6,946

4220 · Auction 3,000 KS 2,751 1,800 2016: Auction $1000+Cooking $800 2017: Auction 2,000 0

4230 · Directed Asks 1,100 SA 560 1,500"Expenses put out to community (and used in same year - see 4240)" 2017: Monastic Travel $550x2 2016 Budget: Monks $750, Kids $450, Stove $225, Supplies $75; 2016 Actual: Shrine $50, Tix $540

3,000 4,944

4240 · Use of Directed Funds 1,250 BW 1,144 2,364"Directed donations from a previous year (or given this year not from a directed ask - see 4240)"2017: Zafus $850, Monastic food $250 + travel $150

1,575 900

4250 · Other Fundraising 5,000 0 0 2017: Challenge Gift $5000 0 750

Total 4200 · Fundraising 20,350 9,216 14,164 15,075 13,540

4300 · Rental Income 4310 · Evening Rentals 14,250 KS 13,740 14,250 Wed/Su $650 + Tu/Th $300 ea. x 12 x 95%

Prepay for Nov: NRZ -$10, PCML $0, SL $0 14,250 14,320

4320 · Office Rental 7,353 KS 7,095 7,353 $625 + $20 internet x 12 x 95% Prepay for Nov: $0 7,353 3,570

4330 · Special Event Rentals 500 KS 0 300 2,200 900

Total 4300 · Rental Income 22,103 20,835 21,903 23,803 18,790

4400 · Other IncomeTotal 4400 · Other Income 0 60 0 0 140

Total Income (Approx) 84,500 67,000 76,000 78,000 69,000

Total Income 84,453 67,196 75,767 From QB on 12/7/16 77,578 68,678

* The person responsible for the estimate of the income line. This means the person who has identified that there are the resources and organizational commitment to fulfill that income. The person (or group) responsible for the actual execution toward that income is identified elsewhere.

EXPENSE DRAFTBudget

2017

Owner of

Line Item

ActualEnd of

Nov 2016Budget

2016 Notes

ORIGINALBudget

2016Actual2015

5000 · Programming Expense5010 · Visiting Teachers

5011 · Visiting Teacher Travel 2,350 SD 1,416 1,8002016: ✔Aj Sona $450, Ayya Tat $350, Aj Geoff+1 $275x2, Debbie $450; 2017: Aj Geoff + 1 (275x2); Debbie (400); Jaya (700); one more (700)

1,700 658

5012 · Visiting Teacher Meals, Lodging 250 SD 195 200 200 112

5010 · Visiting Teachers 2,600 1,611 2,000 1,900 770

5020 · Lineage/Buddhist Comm Relations 1,700 SD 2,346 2,000

"To maintain the relationship between PFoD and our lineage as well as the greater Buddhist community." E.g., SD to Abhayagiri or PH

1,000 300

5025 · Program Supplies and Expenses 200 SD 0 "To supply items of support to the weekly classes, workshops and other programs" 0 0

5030 · Community Ministry & Training 500 SD 345 400 "For one-on-one meetings with PFoD community members for ministry and training" 0 107

5040 · Outgoing Dana, Gifts 250 SD 0 0 2016: Community has directly given $5,566 0 160

5050 · Teas & Edibles 200 Kitchen 119 250 2016: $25/mo x 10, 2017: $20/mo x 10 250 66

5060 · Altar Supplies 0 SD 0 0 In 2015-16 supplies were donated 0 0

5070 · Books & Publications 0 SD 0 0 0 80

5090 · Children's Program

5091 · Teacher 2,720 SD 2,217 2,8732016: $1275 thru 6/30 + $59.5x26 more Sundays + $17 x 3 one-hour meetings2017: $17/hr x 3.5 hrs/wk x 44 wks + 6 1-hr meetings

3,300 1,574

5092 · Supplies 500 SD 321 427 furnishings 300; supplies 200 0 33

5090 · Children's Program 3,220 2,537 3,300 2016: Was $60/week x 52 + $180 for materials/meetings 3,300 1,606

Total 5000 · Programming Expense 8,670 6,958 7,950 6,450 3,089

5200 · SD Compensation & Training

5210 · Salary 36,947 Treas 30,255 33,450

2016: Cash Salary $11,495+Housing $21,600+SS $2,835 subtracting one payment of Cash Salary $5,320+Housing $21,600+SS $2,360 for Jan 2016 made in Dec 20152017: Increase $1429 for COL/Experience (2016 includes only 11 pay periods)

29,280 28,695

5210 · Salary +2 Hours/Week 2,796 0 0 2 Addl hours/wk

5220 · Health Insurance 4,990 Treas 3,330 3,660 2016: $330 per month2017: Get actual value in december 3,960 3,600

5230 · Professional Dev & Training

5231 · Retreats 1,830 SD 841 2,0002017: Wat Metta 2 wks: $900 travel + $250 toward room/board; Camping 2 wks: $10 food/day + $30 site/day + $60 gas x 2 trips out

4,000 519

EXPENSE DRAFTBudget

2017

Owner of

Line Item

ActualEnd of

Nov 2016Budget

2016 Notes

ORIGINALBudget

2016Actual2015

5232 · Conferences & Peer Support 300 SD 26 0 2017: $25 per month 0 846

5233 · One-on-One Coaching 1,500 SD 450 1,000 2017: $150 per session x 10 sessions 0 340

5234 · Educational Materials 200 SD 169 0 2017: Misc books 0

5230 · Professional Dev & Training 3,830 1,486 3,000 Expenses SD incurs for professional dev(5020 money can be moved here and vise versa) 4,000 1,705

5245 · Payroll Tax Expense 0 Treas 170 90 Employer State WC, SUTA 0 0

5250 · Workers Compensation 400 Treas 350 350 2016: From compensation packet; 2017: Estd increase 335 0

Total 5200 · SD Comp. & Training 48,963 35,591 40,550 37,575 34,000

5400 · Facilities5410 · Mortgage 17,745 Treas 11,482 12,525

$1043.75/mo now + 652.50/mo in 5/2017Incr may be over 3 years ($217.50, 435, 652.50) before final inc in 5/2020 and balloon 4/2025

12,525 12,525

5420 · Insurance 3,098 Treas 2,663 2,950 5% increase 2,700 2,471

5425 · Property Taxes 200 Treas 336 400 2016: Taxes on for-profit rental (for 15-16 and 16-17)2017: Property Taxes (for 17-18) 900 0

5430 · Ongoing Maintenance 1,800 Bldg CC 1,643 2,1502016: $450 for upgrading electric for stove, $100/mo for misc, then on 6/2016 another $500 for stove; 2017: Plan to build a rain cover over downstairs door

1,650 1,060

5440 · Reclass to Capital (Monthly) 3,600 Board 2,750 3,000 2016: $250/mo 2017: $300/mo 3,000 3,000

5450 · Capital Improvements 6,000 Bldg CC 0 0 Electrical wiring upgrade $5000, REMODEL PERMIT $1,000 0 11,180

5460 · Furnishings 1,850 SD 805 1,400 Zabutons 850 directed; cabinets 500; misc 500 1,400 1,542

5470 · Janitorial Supplies 1,500 Bldg CCCaretaker 50 700

2016: Supplies donated2017: Carpet cleaning upstairs only 1000; SUPPLIES $500 (no new major equipment is anticipated to be needed this year)

700 574

5480 · Utilities 5481 · Natural Gas 1,000 Treas 754 1,200 $731 from Oct 15 thru Sept 16 1,200 963

5482 · Electric 1,200 Treas 668 1,000 $928 from Oct 15 thru Sept 16 1,000 908

5483 · Water/Sewer 1,000 Treas 921 1,000 approximately $230/qtr 1,000 820

5484 · Garbage/Recycling 432 Treas 432 450 approximately $36/mo 450 441

5485 · Internet Connectivity 816 Treas 749 800 approximately $68/mo 800 701

5480 · Utilities 4,448 3,524 4,450 4,450 3,834

5490 · Permits & Inspection Fees 60 Bldg CC 123 1,000 $60 fire extinguishers$1000 for new construction permit - MOVED TO CAPITAL 1,000 42

Total 5400 · Facilities (GF) 34,301 23,375 28,575 28,325 25,048

Additional Spent from Capital Fund 6,000 0 0 0 11,180

EXPENSE DRAFTBudget

2017

Owner of

Line Item

ActualEnd of

Nov 2016Budget

2016 Notes

ORIGINALBudget

2016Actual2015

5600 · Administration5610 · Admin Training & Dev 0 Bd Chair 200 200 2016 ORIG: Feb leadership retreat: $1000 from general fund for

lodging, $500 for Tree's fee raised from dana 1,500 1,350

5620 · Admin Travel, Lodging, Meals 0 SD,Bd Chair 0 0 Change to "Admin. Travel, Lodging, Meals" 0 0

5630 · Professional Fees 5631 · Bookkeeping & Accounting 0 Treas 700 700 2016: Adding an increase for treasurer support $700 bookkeeper 700 254

5632 · Legal 0 Bd ChairTreas 0 0 0 0

5633 · Payroll 860 Treas 565 870 Processing 52.50/mo; payroll tax filings 45/qtr + 50 yr 870 0

5630 · Professional Fees 860 1,265 1,570 1,570 254

5640 · Software/Website 0 Treas 0 0 QUICKBOOKS IN 2017??? 500 0

5650 · Office Supplies/Equipment 300 SD 206 300 300 127

5660 · Copy & Printing Services 400SDBd ChTreas

0 500 500 432

5670 · Postage & Shipping 300 " 94 300 300 198

5680 · Government Fees & Dues 5682 · Federal Taxes - 990-T (UBIT) 0 Treas 0 0 0 0

5683 · OR Corporation Fee 0 Treas 0 0 0 0

5684 · Other Government Fees & Dues 0 Treas 500 550 550 100

5680 · Government Fees & Dues 0 500 550 2016: Northwest Dharma dues 50, State of Oregon corporate filing 100, church status 400 2017: NW Dharma dues 10/month 550 100

5690 · Bank Service Charges 0 Treas 224 210 0 107

5699 · Other Expense 0 Treas 335 0 0 -1

Total 5600 · Administration 1,860 2,824 3,630 5,220 2,566

Total Expense (Approx) 94,000 69,000 81,000 78,000 65,000

Total Expense 93,794 68,747 80,705 77,570 64,703

Net Income (Approx) -9,000 -2,000 -5,000 0 4,000

Net Income -9,341 -1,551 -4,938 8 3,975

Other Income & Expense

EXPENSE DRAFTBudget

2017

Owner of

Line Item

ActualEnd of

Nov 2016Budget

2016 Notes

ORIGINALBudget

2016Actual2015

7000 · Interest Income 2 2 2 2 2

7097 · Reversal of Mort Prin Expensed 4,700 4,469 4,700 4,700 4,720

7098 · Waived Interest (Income) 2,610 7,178 7,830 2016: $652.50 x 12; 2017: 652.50 x 4 7,830 7,830

7099 · Waived Interest (Expense) 2,610 7,178 7,830 2016: $652.50 x 12; 2017: 652.50 x 4 7,830 7,830

7100 · Reclass to Restricted (Ad Hoc) 2,305 0 0 Electrical permit $1,000, Additional loan buffer $652.50x2 0 2,087

Net All Income -6,944 2,920 -236 4,710 6,610

BALANCE SHEET ActualEnd of2014

ActulEnd of2015

ActualEnd of

Nov 2016±

BudgetEnd of2016

±

ORIGBudgetEnd of

2016±

All FundsGeneral Fund Available 10,350 12,240 10,691 ⇩ -$1,549 7,302 ⇩ -$4,938 12,248 ⇧ $8

General Fund Current Liabilities 0 925 1,103 ⇧ $178 925 ⇧ $0 925 ⇧ $0

Restricted Funds 14,205 8,701 10,907 ⇧ $2,206 9,337 ⇧ $636 10,126 ⇧ $1,425

Total All Funds 24,556 21,866 22,701 17,564 23,299

Directed Funds • Capital Expense Fund 12,430 4,250 7,000 ⇧ $2,750

• Loan Buffer Fund 0 2,087 2,087 ⇧ $0

• Furniture Fund 850 866 850 ⇩ -$16

• Monastic Fund 0 1,037 970 ⇩ -$67

• Children's Program 0 273 0 ⇩ -$273

• Scholarship Fund 925 188 0 ⇩ -$188

Total Directed Funds 14,205 8,701 10,907

Mortgage 465,420 460,700 456,231 ⇩ -$4,469 Mortgage is currently 79% of the building's value of $580,000 on Zillow

EXPECTED FOR 2016

Income: -$74,500 Expense: -$76,000Net Income: -$01,500

BudgetedNet Income: -$05,000

END OF 2016General Fund: $11,000 Capital Fund: $8,000

UNRECONCILED BUDGET FOR 2017

Income: -$84,500 Expense: -$94,000Unreconciled Difference: -$09,500

Misc. Directed Funds: $4,000

Est. Capital Expenses

2017: $6,000

Reconciling the Budget for 2017

EXPENSE INCREASES IN 2017● Additional Mortgage: $5,200

(-$3,500 this year with phase in)● Carpet cleaning: $1,000● SD COL/experience: $1,400● SD +2 hours/week: $2,800

EXPENSE CARRYOVERS FROM 2016● Additional SD Professional

Development: $2,000● ChurchMutual Insurance: $1000

more than competitor● Other operational expenses that we

could examine for trimming

INCOME MANAGEMENT● Additional fundraising● Expenses dependent on results of

current annual appeal● Expenses dependent on budget

performance mid-year

OTHERS● Spending down the General Fund

Items to Consider in Reconciliation

PORTLAND FRIENDS OF THE DHAMMA

Financial Statement Narrative

for the Eleven Months ending November 30, 2016

PROFIT & LOSS FORECAST VS. ACTUAL – GENERAL FUND

I have very little to say, other than that our expenses for the past 5 months are better than forecast by

$4,500 and the General Fund is up $1,469 from September! One large budgeted item (the electrical

permit) has been budgeted in 2017 and accounts for $1,000 of the improvement.

FUND BALANCES

Fund Balances as of 11/30/16 were: And are expected to be as of 12/31/16:

General Fund (unrestricted) $ 10,700 $11,000

Restricted Funds:

Capital Expenditure 7,000 7,250

Children’s Fund 0 0

Furnishings 850 850

Loan Buffer 2,087 2,087

Monastic 970 970

Scholarship 0 0

Total $21,607 $22,157

Jan - Nov... Forecast $ Over Fo... % of Fore...

Ordinary Income/ExpenseIncome

4000 · Pledges 26,282.50 25,415.00 867.50 103.4%4100 · Programming 10,802.56 9,142.85 1,659.71 118.2%4200 · Fundraising 9,216.16 9,656.15 -439.99 95.4%4300 · Rental Income 20,835.00 20,037.50 797.50 104.0%4400 · Other Income 60.00 1,560.15 -1,500.15 3.8%

Total Income 67,196.22 65,811.65 1,384.57 102.1%

Gross Profit 67,196.22 65,811.65 1,384.57 102.1%

Expense5000 · Programming Expense 6,957.54 8,270.10 -1,312.56 84.1%5200 · SD Compensation & Training 35,591.40 35,723.15 -131.75 99.6%5400 · Facilities 23,374.71 25,941.30 -2,566.59 90.1%5600 · Administration 2,823.84 3,320.15 -496.31 85.1%

Total Expense 68,747.49 73,254.70 -4,507.21 93.8%

Net Ordinary Income -1,551.27 -7,443.05 5,891.78 20.8%

Net Income -1,551.27 -7,443.05 5,891.78 20.8%

2:17 PM Portland Friends of the Dhamma12/07/16 Profit & Loss Forecast vs. Actual - General Fund - BoardCash Basis January through November 2016

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Nov 30, 16

ASSETSCurrent Assets

Checking/Savings001 · Wells Fargo Business Checking 14,799.47002 · Wells Fargo Business Savings 3,013.99

Total Checking/Savings 17,813.46

Other Current Assets1200 · Undeposited Funds

1220 · PayPal Receivable 1,365.961200 · Undeposited Funds - Other 3,522.05

Total 1200 · Undeposited Funds 4,888.01

Total Other Current Assets 4,888.01

Total Current Assets 22,701.47

Fixed Assets1900 · Building - 1404 SE 25th Ave 468,101.56

Total Fixed Assets 468,101.56

TOTAL ASSETS 490,803.03

LIABILITIES & EQUITYLiabilities

Current LiabilitiesOther Current Liabilities

1300 · Security Deposits 925.002500 · Payroll Tax Liability -2.862900 · Monastic Fund Payable 181.00

Total Other Current Liabilities 1,103.14

Total Current Liabilities 1,103.14

Long Term Liabilities2600 · Mortgage Package

2610 · Mortgage Backed Loan 224,229.132620 · Direct Loan 232,001.56

Total 2600 · Mortgage Package 456,230.69

Total Long Term Liabilities 456,230.69

Total Liabilities 457,333.83

Equity3000 · Opening Balance Equity 27,237.5132000 · Unrestricted Net Assets 1,105.99Net Income 5,125.70

Total Equity 33,469.20

TOTAL LIABILITIES & EQUITY 490,803.03

2:26 PM Portland Friends of the Dhamma12/07/16 Balance SheetAccrual Basis As of November 30, 2016

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