Amended and approved based on FC review on 5/18/10
Convened on 4/20/10
Submitted by Rick Meyer

Present: Ed Savard, Rick Meyer, Leila Pine, Carolyn Saunders, Carolyn Cooper, Margot Garcia

Absent: Pete Velonis, Chris Wallace

The first item on the agenda was to discuss the corrections offered by the NMD/UUCT Liaison to the March Minutes and any corrections that other people might consider necessary. After a brief discussion the March Minutes were approved as corrected.

MSP: The March minutes were approved as corrected.

The next item on the agenda was a report by the NMD/UUCT Liaison pertaining to the NMD policy review and questions put forth by the UUCT FC. After a review of various attachments to an email sent to the NMD/UUCT Liaison by the UUCT FC Chairperson NMD Finance Committee members answered all questions which were then returned by the Liaison to the UUCT FC Chairperson at the FC meeting. These responses included an expenditure reimbursement form showing the required signatures, answers to an Internal Audit, and answers to sixteen questions asked by the UUCT FC Chairperson. In addition, the NMD/UUCT Liaison presented a memorandum she wrote in order to clarify the definition of a “predatory fiscal sponsor” so that UUCT would be aware of the limits in place in regard to UUCT’s financial relationship with NMD. For this purpose she attached a list of five points that are important for the UUCT Congregation to understand when they are thinking about the NMD budget, which, although it has been integrated into the UUCT budget, requires no financial support from UUCT and has been prepared solely to support the operation of NMD. She requested that that list be attached to the UUCT budget for the congregation to see when the UUCT budget is presented for a vote. The FC Chairperson concluded this discussion by saying that the previously-requested tasks asked of NMD had been completed

Then a discussion took place about how the NMD budget should be shown in our financial report.

The next item on the agenda was to discuss the March Financial Report. The Treasurer started by reading the Financial Notes.

There was some discussion about money donated by one congregant which is often specified for use for projects pertaining to a particular staff member. The Treasurer said the subject would be brought up before the Board in order to discuss implementing a policy regarding this type of occurrence.

MSP: The March Financials were approved.

The Treasurer then mentioned that corrective action had been taken in regard to one staff member who was being underpaid and another staff member who was not receiving all the benefits he is due.

Then there was a discussion about possible ways in which more money could be shaved off the budget. The FC Chairperson expressed that she would send the list of recommendations to the BOT for their consideration.

The FC Chairperson then read some changes she was recommending to the Cash Management Procedure.

MSP: The changes to the Cash Management procedure were approved.

With no further business the meeting was adjourned at 8:30 pm.