Dharma Rain - Board Minutes
Board Minutes Summary — March 8, 2012
Legal Council for Nonprofits. Dharma Rain has
hired legal council to review our employee contracts and medical policies
for our employees.
Property Committee. We are in
the due diligence period for the 82nd Ave property. The board is scheduled
to vote May 24th whether or not to accept the property
after due diligence is concluded. Dharma Rain representatives met with the
neighborhood associations adjacent to the 82nd Avenue property.
Year to date Revenues are $82,400 and Expenses are $77,900 for a Net Operating
Surplus of $4,500. Net Deficit After Outlays is <$100>. Unrestricted
cash balance is $33,200. Overall activity is well within the budget. Food
costs continue below budget. There are slight revenue decreases for residents,
zendo rentals, and Dharma Garden.
The board voted unanimously to purchase the Accountant/Enterprise version
of Quickbooks at an estimated cost of $500.
The Bodhidharma fundraiser netted $29,000.