Our Finances
FMW’s fiscal year runs from July 1 through June 30. At the May Meeting for Business each year, the F&S Committee makes a first presentation of the budget for the coming fiscal year. This draft lies over for one month to provide Friends time to consider the budget in detail and to forward questions and concerns to the F&S Committee. The final budget is presented for approval at the June Meeting.
For a description of the budget process, click here.
The following table shows two budget items for each fiscal year. The “Summary Budget” shows the overall FMW budget. The “Detail Budget” shows the budget broken down by category. For instance, each FMW committee has a separate page in the detail budget. Each of the budgets shows the actual results for the prior fiscal year. For example, the FY2017 summary budget shows the FY2016 results as well as the FY2016 budget.
| Fiscal Year | Summary Budget | Detail Budget |
| 2013 | Detail | |
| 2014 | Summary | Detail |
| 2015 | Summary | Detail |
| 2016 | Summary | Detail |
| 2017 | Summary | Detail |
| 2018 | Summary | Detail |
| 2019 | Summary | |
| 2020 | Summary | |
| 2021 | Summary | |
| 2022 | Draft Summary and Detail | |
Every year, the Trustees of FMW authorize an audit. Every three years this is a full audit and the other two years are audit reviews.
FMW funds are invested through Friends Fiduciary. The Friends Fiduciary fund delivers socially responsible, cost-effective returns, and specialized accounting for Quaker organizations. Following is a link to Friends Fiduciary:
See: Friends Fiduciary
Our goal is to ensure the confidentiality of donations to Friends Meeting of Washington. The attached Donor Bill of Rights explains how we assure that confidentiality.
See: Donor Pledge of Confidentiality
What is the apportionment and how is it communicated to FMW. The following document answers some of the most frequently asked questions about the apportionment.