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.

Treasurer’s report. 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.

Respectfully submitted,
Genki Madden

 

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