Minutes of Finance Committee meeting, May 22, 2005

Present: Jody Blum (Chairperson), Daniel Gamulka, Esther Edell, Dov Cooper, Alain Rosenthal, Philip Yakar

Budget 2005

A draft budget was presented and discussed. The outline showing income and expenditure of 303,000 was approved and will be presented to the Vaad Ham'nahel. (Budget attached below).

The following changes will be instituted:

a) The childrens' activities will be split into three lines: expenses, leaders paid with a t'lush and those without.

b) Salaries will be listed separately (administration, janitor, secretary).

c) In the actual 2005 column, the money paid to Tutti Bros. for pre-Pesach cleaning will be transferred to maintenance from cleaning (5000 NIS +).

d) The committee is not convinced there is a need for the Yedidion to be published this year, but has budgeted it. Should it be cancelled, the 6500 NIS cost could be the beginning of a reserve fund.

Membership dues 5766

Recommended they be raised by 50 NIS across the board. Part of the income will be treated as a donation and will, therefore, be tax-deductible. The maximum allowable will be checked with appropriate experts (accountants etc.).

Recommended that new members will receive a 25% discount, instead of 50%. This increase in dues is essential to balance the budget. The committee is aware that an appeal for donations for chairs will be made.

Reserve Fund

The committee recognizes the need for the setting-up of a reserve fund and asks that the Development Committee develop appropriate fund-raising mechanisms.

Hall Rental Prices

Recommended that the following tariff change be adopted.

For events/chugim run by members the price will be, instead of 75 NIS, 50 NIS per hour, unless the renter charges participants a fee; in which case the fee will be that of non-members. The non-members fee will be 300 NIS for no more than three hours; every additional hour100 NIS.

Bank Hapoalim Account

As of today, 106,000 NIS in the bank.

It was suggested that a request for a donation be written on cards given at the time of Aliyot, etc.

Yedidya draft budget, 2005

Actual %
Budget 30/4/05 of budget  Comments
Expenses
Salaries 70,000 22,844 32.6% Includes Admin., Sec & Custodian
Cleaner 40,000 19,290 48.2%
Child. Leaders
Bookkeeper 15,500 5,148 33.2%
Audit 5,300 0.0%
 
Purim 10,000 9,944 99.4% Flow through to Kuppat Tzedaka
Child. Programs 4,000 1,200 30.0%
Kiddush 6,000 1,305 21.8%
Yedidion 6,500 0.0%
 
Bldg. Fund 27,000 0.0%
 
Insurance 10,000 0.0%
Electricity 30,000 10,380 34.6%
Water 2,000 517 25.9%
Alarm 6,330 6,330 100.0% Why was this raised by over 100%?
License Fees 1,100 1,081 98.3%
Bank Charges 620 212 34.2%
 
Office Expenses 2,000 440 22.0%
Computer 750 236 31.5%
Telephone 2,000 710 35.5%
Mail 700 281 40.1%
Travel 200 43 21.5%
Copying & Printing 2,000 0.0%
 
Maintance 25,000 2,596 10.4%
Cleaning Supplies 3,000 856 28.5%
 
Events 8,000 3,560 44.5%
Shabbaton 25,000 24,997 100.0%
Total 303,000 111,970 37.0%
 
Income
Membership Dues 163,000 30,158 18.5%
HH seats 5,000 -262 -5.2%
Events 8,000 5,043 63.0%
Purim 22,000 22,295 101.3%
Donations 40,000 36,145 90.4%
Use of Building 40,000 14,825 37.1%
Shabbaton 25,000 23,603 94.4%
Total 303,000  131,807  43.5%

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