RANGJUNG YESHE GOMDE CALIFORNIA · PDF file2015 RYG CA Annual Financial Report Prepared August...
Transcript of RANGJUNG YESHE GOMDE CALIFORNIA · PDF file2015 RYG CA Annual Financial Report Prepared August...
RYG CA is a Religious 501c3 Organization – Tax ID 95-4619361 www.gomdeusa.org | PO Box 162, Leggett CA 95585 | 707-925-0201 | [email protected]
RANGJUNG YESHE GOMDE CALIFORNIA
ANNUAL FINANCIAL REPORT FOR 2015
2015RYGCAAnnualFinancialReport PreparedAugust2016
Final2015Report 2
1. IntroductionandOverview
ItiswithgreatjoythatwepresentthisannualfinancialreporttotheboardandofficersofRangjungYesheGomdeCaliforniaandallSanghamembers.GomdeCAservestheSanghainseveralimportantwaysbyproviding:
1. ArangeofTibetanBuddhistteachingretreatseachsummerwithhighlamasandteachers.
2. AsummerstudyandpracticeprogramforstudentsofallbackgroundstogainexperienceinthecompleteBuddhistpath.
3. TraininginthetextualandoraltranslationofBuddhistlanguages.4. TranslatingthewordsoftheBuddhaandtheclassictextsofIndianandTibetan
Buddhism.5. Ayear-roundplaceforpersonalretreatandcontemplationwithlamasupportinthe
summer.6. ArefugeandpristineplacetostudyandpracticetheDharmawithoutthedistractionof
dailymodernlifeandpressures.
Gomdevolunteersasagroupmadeahugeandverysuccessfulefforttokeepoperatingexpenseslowonceagain.Wecouldnotcontinuetooperateandoffersuchamazingprogramswithouttheirdevotion,time,effort,andresources.ManyofthesesamevolunteersarealsofinancialdonorstoGomde.Inadditiontotheirlaborofloveanddevotion,ourmemberswereverygenerousin2015!Revenuesin2015totaledabout$326,000,including$3,900ininterestincome,whileexpensestotaledabout$264,500foraverypositivefiscalbalanceofabout$61,600.Thisrepresents19%ofourtotaloperatingrevenues.
2. ProgramsandEducation
GomdeCAhostedseveralmajorprogramsin2015includingseminarswithChökyiNyimaRinpoche,DzigarKongtrulRinpoche,andKhandroRinpoche,aretreatontheTārā’sTripleExcellenceProgramwithLamaTenzinandHeidiKoppel,andseveralprogramswithLamaTsultrimSangpothatofferedourcommunityextendedteachingsonkeypointsoftheBuddhistpath.Afterthefirein2014,itwasgreattohostourteachersonthelandonceagain!LamaTsultrimreturnedtoGomdeCAforthesummer,andledstudyandpracticeweekends,taughtstudentsintheBuddhistSummerStudiesprogram,andprovidedsupportforpersonalretreatantsontheland.LamaGerryandLamaKunzangalsotaughtseveralprograms.LamaKunzangmovedtoGomdeCAasoneofourresidentLamasin2015.
TranslationworkcontinuedattheDharmachakraTranslationCenter,includingtextsforthe84000ProjectandsadhanasfromtheChoklingTersar.CatherineDaltonandRyanDamrontaughtsixtalentedstudentswhospentthesummeratGomdetoparticipateintheDharmachakraSchoolofTranslation’ssummertranslationworkshop.
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LamaTsultrim,LamaGerry,CatherineandRyanalsotaughtandgavelecturesintheBuddhistStudiesSummerprogram,whichbroughttenfull-timeresidentstudentstoGomdeCAinthesummerof2015.
LamaTenzinandHeidiKoppelleadthe10-dayGreenTaraRetreatinOctober2015
LearningmudraswithLamaTsultrimSangpo.
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3. DevelopmentandPublicity
Duringthespringof2015,Nepalexperiencedaverydevastatingearthquakeandmultipleaftershocks,whichgeneratedmuchdestructionandsuffering.OurpreciousmonasteryinBoudha,Ka-NyingShedrubLing,wasseverelydamagedaswell.
Duringour2015annualdinner,wedecidedtolaunchafundraisingefforttosupportGomdeCAandparticipateinthePledgetoRebuildcampaignedstartedinNepalbyRinpoche’sstudentsthere.GomdeCApledged$500permonthandaskedfor20matchingdonorsat$30amonth.WegeneratedourgoalandGomdeCAcontinuestoprovidethissupporttotherebuildingeffortsatthemonasterythroughtheShedrubDevelopmentFund.WiththiseffortandtheAugustauctionbySanghamembers,weraised$21,555forNepalEarthquakerelief.
Onceagain,ourSanghasteppedupanddonatedabout$72,000atourannualdinnertoGomdeoperationsandprojects.Wealsohadarecordnumberofdonationssentbytheendoftheyearandeveryonethatpledgedfollowedthrough!Ourtotaldonationsfortheyearequaledalmost$164,000,ora40%increaseover2014!ThankyouSangha!
SeveralsanghamembersalsohostedafundraiserforNepalinAugust2015atalocalwinery.Itwasanamazingevent,withwonderfulfood,wineandmusic,andabout$20,000wasraisedforEarthquakereliefinNepal!ManythankstoDez,Kathleen,andVickiinparticularlywhospearheadedtheevent!
Seethelastsectionofthisreportformoreinformationonourplannedprojectsandfundingneeds.
OurpreciousChökyiNyimaRinpocheatthe2015AnnualDinner
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4. ManagementStructureandAssignments
Inearly2016,theBoarddividedthemanagementstructureintothreeareas:Therearethree(3)overallmanagementareaswithexistingsubareasnestingunderthedirectionofonepersonordirector.ThethreedirectorsworkasateaminmanagingGomde’soperations,programs,andlong-termdevelopmentinacohesivemanner.Currentmanagersofparticularareasserveundereachoveralldirector,butretainmostoftheirresponsibilities.Eachmanagerworkscloselywithandreportstothedirectorintheirarea.SeeattachedMatrixwithcurrentstaffingandvolunteersbymainareas,andsubareas.RyanDamronisdirectorofProgramsandEducation,RhondaLoPrestiisdirectorofPublicityandDevelopment(fundraising),andJoanneBrionisdirectorofGomde(replacingShabadKhalsa).JoanneBrionalsocontinuestoserveasTreasurerfortheorganization;RyanDamronservesasVicePresidentandBoardMember,andRhondaLoPrestiservesasBoardMember.
OurOfficersarecontinuingtheirservice,includingDavidShlimasRYGCA’sPresident,RyanDamronasVice-President,JoanneBrionasTreasurer.KelliePowellsteppeddownasSecretaryandTobinRangdrolhassteppedintothisposition.Currentboardmembersareasfollows(somearealsomanagersorofficers,asnotedabove):
¨ ShabadKhalsa,Chairmanofthe
Board¨ DianeRichardson¨ CatherineDalton¨ BruceHammond¨ RhondaLoPresti
¨ DorjeBond¨ DavidShlim¨ RyanDamron¨ JeriPeterson
Wehavemadesomesimplifyingchangestoourfinancialtrackingsystemthisyeartostreamlinethebookkeepingprocess.Wehavereducedthenumberofclasseswetrackandnowwewillhavereportsfor:
• Gomdeoperationsandmaintenance
• Capital
• RatnaShop
• Seminars
• DharmachakraTranslationCenter(DTC)/BuddhistSummerStudiesProgram(BSSP)
Thusforthisyear’sreporttheformatwillbeslightlydifferentfromprioryears’reporting.In2015,wehadseveralstaffingchangesatGomde
• LeeRustresignedtogoonhis“walk-about”withthedonkeysintheSpringof2015
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• BarbaraIannoliourbookkeeperresignedandwasreplacedwithKathyKohberger
• LarissaPreesteppedupasheadcookfortheseminarsandhelpedouttremendouslyduringthesummerretreats
• TroyAnsleyandMichaelPaynebecameresidentstaffinthefallof2015andcontinuetoliveontheland.
LarissaPree,doinghermagicinthekitchen!
Wesometimesprovidestipendstothoselivingandworkingonthelandduringthenon-summerseasoncalledresidentstaff.Duringseminarsandprograms,wepaytranslatorsandcooksandmakeofferingstoallteachersandmonks.Wealsopaidasummaryprogrammanager/volunteermanagerlastsummer.Allotherwork/positionsin2015arefilledbyvolunteersanduseourwork-study–crewleaderprogram.Wecontinuetohirecontractlaborandconsultantsforspecialprojectsandworkonthelandasneeded.Atremendousamountofworkwascompletedonthelandin2015bymembervolunteersofallsorts.
5. Majorprojectsin2015
HighlightsofnewprojectsatGomdeCAin2015include:
1. NewPumpHousewithsolararraytorunthepumpatthenewwatertank
2. StorageBuilding:Purchaseofthenewprefabricated1,100sqftmetalstoragebuildingfortheShedraMeadow(toreplacethestoragecapacityofthebarn)
3. SepticSystem:ExpandedthesepticsystemattheSanghaHouse
4. CreatureComforts:Furnished5tentcabinswithnewbedsandfurniture
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NewSepticSystemattheSanghaHouse
6. FinancesandProfitandLoss
AsTableS-1belowshows,Gomdereliesheavilyonrevenuesfromseminarsandprograms(36%)anddonationsofSanghamembers(50%),andtoalesserextentonincomefromRatnaShopsales,StudyandPracticeactivities,lodgingfees,andrevenuesfromprivateretreatactivity.RatnaShophad$15,100innetsalesin2015inpartduetothediligenceandhardworkofAniMarciawhomanagestheshopoverthesummeranddoestheshoppinginthefallinNepal.Ratnashopsaleswereupsince2014RatnaShopsalesbutsowascostofgoodssold;thenetsalesofRatnaShopactivitywasabout$2,000in2015.Withtheonlineshopstillnotactive,itappearsthatoursaleswillremainflat.However,thiscouldbeamoreanimportantsourceofrevenueoncethereissomeonetomanagetheRatnaShoponline.
Donationsandmembershipfeeswereabout$164,000in2015whichwas40%higherthan2014.In2013,wereceivedonelargedonationforcapitalimprovementsof$50,000,whichisstillbeingheldinreserveandwillbeusedforthenewStorageBuildingunderway.Weraisedabout$115,500inone-timedonationsincludingduringChökyiNyimaRinpoche’sretreatinAugustatthedinner.Weraisedabout$48,000inmonthlydonationsthroughouttheyearfromabout50donors;thisequaledabout$78permonth,onaverage.Monthlydonationscontinuetobeanimportantsourceofoperatingincomefortheorganization;monthlydonationswereupby15%in2015comparedto2014duetothediligenceofRhondaLoPresti.
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Weraised$2,000fromourBenefactorandPatronprogramwherememberscanofferadonationwhentheyregisterforaprogramonline.Wecontinuetoreceiveanexemptionfromourpropertytaxes.In2010,RYGCAwasapprovedforpropertytaxexemptionstatuswiththeCountyofMendocinoandtheStateofCalifornia.Wecontinuetomakedonationstothelocalvolunteerfiredepartmentandlocalschooldistricttomakeupforsomeofthislostcountyfunding.Localagenciesgetmostoftheirfundingthroughpropertytaxrevenues.Wealsoparticipateinalocalfiresafetyprograminthedrymonths,whichincludesaerialfiresurveyinginMendocinoCounty.
TableS-1ActualProfit&LossSummaryfor2015RangjungYesheGomdeCA
Actuals Percent Actuals Percent Net PercentSourcesandUsesofFunds 2015 Distribution 2014 Distribution Change Change
AnnualRevenuesDonations&Membership $163,900 50% $116,912 46% $46,988 40%LamaTravelFund $68 0% $2,525 1% ($2,457) -97%Seminar&ProgramFees $116,100 36% $98,454 39% $17,646 18%Camping/LodgingFees/Retreats $15,800 5% $10,748 4% $5,052 47%RatnaShopSales $15,100 5% $13,409 5% $1,691 13%RatnaShopCOGS ($9,640) -3% ($6,300) -3% ($3,340) 53%Grants $7,535 2% $9,960 4% ($2,425) -24%OtherIncome $17,474 5% $5,975 2% $11,499 192%TotalAnnualRevenues $326,337 100% $251,683 100% $74,654 30%
AnnualExpensesAdvertising/Communications $8,881 3% $7,611 3% $1,269 17%AutosRepairandGas $6,889 3% $3,821 2% $3,068 80%Contributions,Lamas,Grants $57,263 22% $50,464 22% $6,799 13%NonEmployeeContractLabor $76,945 29% $65,213 28% $11,732 18%Insurance $12,847 5% $11,752 5% $1,095 9%Taxes,BankCharges,CCFees $12,105 5% $7,197 3% $4,909 68%Maint.Bldg.&Land,Equip. $18,926 7% $13,650 6% $5,276 39%FoodandSundries $15,777 6% $13,546 6% $2,231 16%Materials,Supplies&Equip. $14,361 5% $9,355 4% $5,006 54%OfficeandAdm.(1) $9,226 3% $14,119 6% ($4,893) -35%TravelCosts $6,613 3% $13,261 6% ($6,647) -50%Utilities,Internet,Telephone $24,651 9% $22,541 10% $2,110 9%TotalAnnualExpenses $264,484 100% $232,530 100% $31,955 14%
FundBalance $61,853 $19,154Balanceas%ofRevenues 19.0% 7.6%
(1)
figuresroundedtonearest$100
PreparedbyKathyKohberger,BookkeeperandJoanneBrion,RYGCATreasurer,July2016
For2014includes$3,850infacilityrentalcostsduetofireandneedtoholdretreatsattheGyutoFoundation.
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TableS-2summarizesourincomeandexpensesbythenewfiveclasses.TheCapitalexpensesareincludedinfixedassetsandnotshownintheoperatingbudgetbelow.Thistableillustrateshowseminarsprovidealargepartofourfundingincombinationwithdonations,bothmonthlyandonetime.
7. BalanceSheet:AssetsandLiabilities–2015
TableS-3providesabalancesheetforRYGCaliforniaasofDecember31,20154.Fixedassetsrefertotheland,autos,majorequipmentandbuildings.Itshouldbenotedthatthevalueofthepropertyshownisthemostrecentassessedvalueandnotthecurrentmarketvalueofthelandandbuildings.Asa501c3non-profitorganization,RYGCAisexemptfrompropertytaxesasdiscussedabove.Asshown,totalcashonhand,includingchecking,savingsandCDs,equalsabout$244,400asofDecember31,2015,about$20,000morethanin2014.Liabilitiesattheendoftheyear,asshownbelow,equalzero.RYGCAdoesnothaveanymajoroutstandingdebt,includingcreditcarddebt.Weoperatecompletelyonacashbasisorpay-as-you-go.WiththeplanneddevelopmentandrenovationsassociatedwiththeUsePermit,wemayneedtorevisitthisfinancialpolicy.OfthetotalrevenuesasofDecember31,2015,17%orabout$42,000wasavailableforoperatingcostsinourmaincheckingaccountand$51,000availablemoneymarketaccount.Otherfundsareheldinvariousreserves,includingCDs,forspecialprojectslikegrants,andcapitalimprovements,andthemasterplanprocess.Currentreservesandsavingstotalabout$151,000.Muchofthesefundsareslatedforprojectsasdiscussedinthelastsectionofthereport.
TableS-2ActualProfit&LossSummarybyClassfor2015RangjungYesheGomdeCA
ItemGomdeO&M RatnaShop Seminars
Education/DTC
Total2015GomdeCA
TotalIncome $209,500 $14,900 $102,500 $8,800 $335,700minusCostofGoodsSold $0 ($9,600) $0 $0 ($9,600)GrossProfit $209,500 $5,300 $102,500 $8,800 $326,100
TotalExpenses(1) $182,400 $3,300 $67,900 $10,900 $264,500
NetOperatingBudget $27,100 $2,000 $34,600 ($2,100) $61,600
(1) Seminarexpenseshereonlyincludetravelcosts,costofcooksandtranslators,andofferings.allothercostsofprovidingseminarsisshownunderGomdeO&M.
PreparedbyKathyKohberger,BookkeeperandJoanneBrion,RYGCATreasurer,July2016
roundedtonearest$100
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8. ComparisonwithPriorYears’Budgets
Revenuesin2015weresignificantlymorethanin2014,byabout31%,asshowninTableS-3.Thisismostlyduetoabout45,000moreinoveralldonationsandslightlymoreseminarfeerevenuesorabout$18,000.Monthlydonationsaveragedabout$4,000permonthin2015slightlyupover2014figures.Ourmonthlyoperatingexpenses,however,aremuchhigherthanthisatabout$18,400permonth(excludingallprograms,offerings,andeventcosts).One-timeandend-of-the-yeardonationscontinuetobeanimportantsourceofoperatingrevenuefortheorganizationaswellasproceedsfromseminars,lodging,andtheretailshop.Figure1summarizestherevenuesbyitemforthelastfiveyears(2011to2015).
Gomde’soperatingandadministrativeexpensesdecreasedby16%orabout$37,000over2014levels.RYGCAgeneratedasurplusfor2015ofalmost$62,000asshowninTableS-4orabout18%overcosts.Thisisapositiveshiftcomparedtoprioryears’shortfallsandwillallowusto
AsofDec.31,2015Item TotalsASSETSCurrentAssetsBankAccounts $244,429UndepositedFunds $1,801Othercurrentassets $1,026TotalCurrentAssets $247,256FixedAssets $596,158TOTALASSETS $843,414LIABILITIESANDEQUITYLiabilitiesCurrentLiabilitiesSalesTaxPayable $124TotalCurrentLiabilities $124TotalLiabilities $124Equity $843,290TOTALLIABILITIESANDEQUITY $843,414
TableS-3RangjungYesheGomdeCaliforniaBalanceSheetSummaryAsofDecember31,2015
PreparedbyKathyKohberger,BookkeeperandJoanneBrion,RYGCATreasurer,July2016
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implementvariousprojectsincludingfinishingthestoragebuilding,addingnewfurnituretothetentcabins,andconductingothermajorrepairstoexistingbuildings.
Fouroutoftheeightyearsshownhadoperatingshortfalls.However,inrecentyearswehavegeneratedexcessincome,whichcanbeusedtoaddresssignificantdeferredmaintenanceandfundnewprojects.Ourgoalistohaveapositiveannualbalance.Thesesurplusesallowustomakeimprovementstothelandandbuynewequipmentinthefollowingyear.Weareinneedofatractorforlandandroadmaintenanceandnewtrucks.Figure2summarizesexpensesbyitemforthelastfiveyears(2011to2015).
Figure1:RYGCAAnnualRevenuesfor2011to2015
Wehavealonglistofdeferredmaintenancetasks,andRinpochehasspecificallyaskedustomaintainandcareforpresentfacilitieswhileweplanforthefuturedevelopmentoftheland.Usepermitandmasterplanfundingrequirementsareaddressedfurtherbelow.Inthecomingyears,wehavemajorimprovementstomakerelatedtoourUsePermit,includingcodecompliancefortheBuddhaHall,septicandwatersystemimprovements,andourplannedprojects.
$0
$50,000
$100,000
$150,000
$200,000
$250,000
2011
2012
2013
2014
2015
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TableS-4
Compa
rison
ofR
even
uesa
ndCostsbyYe
ar(2
008to201
5)Ra
ngjungYeshe
Gom
deCA
%%
Calend
arCa
lend
arCa
lend
arCa
lend
arCa
lend
arCa
lend
arCa
lend
arCa
lend
arDistri-
Chan
ge
Sourcesa
ndUseso
fFun
ds20
0820
0920
1020
1120
1220
1320
1420
15bu
tion
14to
15
Annu
alR
even
ues
Donatio
ns&M
embe
rship(1)
$114
,000
$54,00
0$8
7,40
0$8
4,20
0$1
19,500
$201
,200
$119
,400
$163
,900
49%
37%
Seminar&Program
Fees
$109
,000
$72,00
0$7
7,80
0$7
2,30
0$1
22,500
$105
,700
$98,50
0$1
16,100
35%
18%
Camping/Lod
gingFees
$17,00
0$1
5,00
0$1
4,10
0$1
3,40
0$2
2,60
0$3
0,00
0$1
0,70
0$1
5,80
05%
48%
RatnaShop
Sales(gross)
$16,00
0$1
6,00
0$1
6,90
0$1
5,90
0$1
4,50
0$1
8,00
0$1
3,40
0$1
5,10
04%
13%
Grants/RestrictedDo
natio
ns$1
4,00
0$7
,000
$22,60
0$2
6,50
0$8
,800
$0$1
0,00
0$7
,500
2%-25%
Interest,In-kind
,&M
isc(2
)$8
,000
$2,000
$800
$1,400
$600
$1,800
$4,400
$17,50
05%
298%
TotalA
nnua
lReven
ues
$278
,000
$166
,000
$219
,600
$213
,700
$288
,500
$356
,700
$256
,400
$335
,900
100%
31%
Annu
alExpen
ses
Seminars&
Program
s$1
05,000
$52,00
0$6
3,00
0$4
3,30
0$6
4,90
0$5
5,50
0$3
4,10
0$6
7,90
025
%99
%Grants&Yangdzom
$24,00
0$5
,000
$0$1
4,40
0$8
,800
$0$9
,900
$00%
-100
%Go
mde
O&M
$133
,000
$111
,000
$122
,600
$137
,000
$172
,600
$189
,600
$179
,200
$182
,400
67%
2%Ra
tnaShop
&Co
stofG
oods
$4,000
$2,000
$12,20
0$8
,400
$23,30
0$1
1,10
0$8
,500
$12,90
05%
52%
Gomde
Capita
l/MasterP
lan
$16,00
0$3
,000
$13,00
0$1
3,10
0$1
7,00
0$2
9,90
0$1
,700
$00%
-100
%Education(DTC
/Bud
dhistStudies)
$0$0
$0$0
$5,300
$1,400
$3,800
$10,90
04%
187%
TotalA
nnua
lExpen
ses
$282
,000
$173
,000
$210
,800
$216
,200
$291
,900
$287
,500
$237
,200
$274
,100
100%
16%
Fund
Balan
ce($4,00
0)($7,00
0)$8
,800
($2,50
0)($3,40
0)$6
9,20
0$1
9,20
0$6
1,80
0(1)
Percen
tofIncom
e-1%
-4%
4%-1%
-1%
19%
7%18
%
Notes:Administratio
nha
sbeencombinedwith
Gom
deOperatio
ns&M
aintenan
ceaso
f200
9.No
tefo
rRatna
Sho
pcostofg
oodsissh
ownun
dere
xpensesforeaseofyeartoyearcom
parison
butinTab
leS-1itissh
owninre
venu
es.
NoteCap
italcostsin201
4exclu
deth
e$4
2,00
0expend
iturefo
rtheW
aterTan
kan
dCo
ncretePad
,whichisanew
fixedasset.
(1)Includ
esdon
ationsfo
rlam
atraveland
otherta
rgeted
don
ations.
(2)In201
5includ
esinsurancemon
eyfo
rdam
aged
dinningte
nt.
PreparedbyKa
thyKo
hberger,Bo
okkeeperand
Joan
neBrio
n,RYG
CATreasurer,July201
6
roun
dedtonearest$10
0
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Final2015Report 13
Figure2:RYCCAExpensesfor2011to2015
9. MasterPlanandNewCapitalProjects
GomdeCA’sUsePermitapplicationwasapprovedinthespringof2015.Thisisahugeaccomplishmentfortheorganization,andsolidifiesouractivitiesonthelandandinLeggett.ThisapprovalrecognizesGomdeCAasaformalretreatcenter;theapprovalalsoincludedtherequesttoconstructseveralnewprojectsincluding:
• NewStorageFacilities• NewDinningStructure• NewRetreatHuts(2to3)• NewDormitory
Wecompletedourfirstproject,anewsepticsystemfortheSanghaHouseandstartedworkonthestoragebuilding.Inaddition,newinfrastructureandsystemimprovementsarerequiredsuchasthesepticsystemsthroughouttheland.EachoftheseprojectswillrequireadditionalplanninganddesignworkandreviewwiththeCounty.Thefirstprojectwehaveundertakenisanew1,100sqftmetalprefabstoragebuildingthatwillbelocatedintheShedraMeadownearthelargewatertank.
Withthefundingweexpectfromourlegacydonors,weplantoreplacetheMiddleHousewithanewDTCcenter.Weareallowedtoreplacetheexistinghomesofthesitewithsimilarsizedhomesandthuswillplantoreplacethehousewithalarger3-bedroom/2-bathhouse.
$0$20,000$40,000$60,000$80,000
$100,000$120,000$140,000$160,000$180,000$200,000
2011
2012
2013
2014
2015
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Allofthelong-termcapitalprojectsneededatGomdearegroupedintofivephases,andaresummarizedinTableS-5.Thisandtheotherchartsinthissectionweregeneratedin2016,butbecausewereleasethepreviousyears’AnnualReportatourAugustSeminar,wewantedtoincludethisinformationheretosharewithourSanghahowGomdewillbemovingforwardinthecomingyears.Asshownthetotalcostisestimatedatabout$8.5million.PhaseI,withacostofabout$220,000hasbeencompletedduethehardworkofmanySanghamembersincludingfoundingmembers.WearenowworkingonPhaseII,whichisestimatedtocostabout$188,000.TheprojectsincludedinPhaseIIareshowninTableS-6below.Thisphasehasafundingneedofabout$76,600.Sofar,about59%ofthefundshavebeenidentifiedforthisphase.
TableS-7summarizesPhaseIIIprojectsandcostsandidentifiedfunding.DuetothegenerosityoftwoSanghamemberswhohaveincludedGomdeCAintheirestateplanning,wewillhavesomefundstoaccomplishsomeoftheseimportantprojects.
Estimated Amount TotalPhase/Project ProjectCosts Funded Unfunded Timing
PhaseI(Completed)BuddhaHallRenovations $50,000 early2000sTaraCottageRenovation $42,000 2010-2011RenovationofHouses $20,000 2010-2015UsePermitandPlanning $52,000 2010-2015WaterTanks&Solar $56,000 2011-2014TotalPhaseI $220,000 $220,000 $0
PhaseII-seeTable2 $188,300 $111,700 $76,600 2015-2016
PhaseIII-seeTable3 $404,500 $250,000 $154,500 2016-2017
PhaseIVCampgroundBathHouse $125,000 2017-18Dormitory $2,000,000 2018BuddhaHallRenovations $150,000 2019Infrastructure(roads,septic) $300,000 20183RetreatHuts $120,000 2020TotalPhaseIV $2,695,000 $0 $2,695,000
PhaseVTemple $2,500,000 2020&beyondNewDinningHall/CommercialKitchen$1,500,000 2020&beyondStaffHousing $1,000,000 2020&beyondTotalPhaseV $5,000,000 $0 $5,000,000
TotalCostsAllPhases $8,507,800 $581,700 $7,926,100PercentFundedtoDate 7%
PreparedbyJoanneBrion,ShabadKhalsaandBruceHammond 4.26.16
TableS-5:SummaryofGomdeCapitalProjectCostsbyPhase&Timing
2015RYGCAAnnualFinancialReport PreparedAugust2016
Final2015Report 15
TableS-6GomdeCAPhaseIIProjectList-AdoptedbyBoard2016Total Amount Unfunded
No. Description Costs Funded Balance2016PlannedProjects
1 NewBuddhaHallLighting $5,000 $0 $5,0002 UsedTractor $20,000 $0 $20,0003 SanghaHouseSeptic $10,400 $10,400 $04 SanghaHouseKitchenImprovements $5,000 $0 $5,0005 NewTentoverLamaHousePorch $1,000 $0 $1,0006 NewMonasticCushionSetsforBH $1,300 $1,300 $07 StorageBuilding(Balance) $85,000 $25,000 $60,0008 NativePlants&Nursery(Yr1of5) $2,500 $0 $2,5009 NewStaffTents $2,000 $0 $2,00010 NewTentsCabins $7,500 $0 $7,50011 NewTentCabinFurnishings $6,600 $0 $6,60012 TuffSheds&SolarinCampground $15,000 $0 $15,00013 NewEntranceFeature-Gate $20,000 $0 $20,00014 DiningTentRepair(Tornado) $7,000 $7,000 $0
2016TotalCosts $188,300 $43,700 $144,600
AvailableFundingAug2015DinnerPledges $35,000PortionofReserves $33,000FundedProjectstoDate $43,700TotalFunding $111,700PercentFunded 59%UnfundedCosts $76,600PreparedbyJoanneBrion,ShabadKhalsaandBruceHammond 4.26.16
TableS-7:GomdeCAPhaseIIIProjectListTotal Amount Unfunded
No. Description Costs Funded Balance
15 DormDesign&Engineering $20,000 $0 $20,00016 BathHouseDesign&Planning $7,500 $0 $7,50017 DormSeptic&Engineering $40,000 $0 $40,00018 GateHouseSeptic $9,500 $0 $9,50019 NewTranslationCenterBldg. $150,000 $0 $150,00020 DTCFoundation $8,000 $0 $8,00021 DemolitionofMiddleHouse(DTC) $7,000 $0 $7,00022 SepticRepairsatMiddleHouse(DTC) $10,000 $0 $10,00023 NativePlants&Nursery(Yr2of5) $2,500 $0 $2,50024 NewDiningStructure $150,000 $0 $150,000
TotalPhaseIII $404,500 $0 $404,500AvailableFundingMemberEstateFunding $250,000TotalFunding $250,000PercentFunded 62%UnfundedCosts $154,500PreparedbyJoanneBrion,ShabadKhalsaandBruceHammond 4.26.16