Finances Working Group

=Finances Working Group Scope=

Mission:
To ensure the continued financial health of the Omni Oakland.

The OOC Finances Working Group is tasked with:

 * recording all costs and revenues and monthly reporting of this information in a transparent way;
 * paying bills out of omni oakland collective's bank account or accounts;
 * collecting funds from member collectives and depositing them in omni oakland collective's account or accounts;
 * forecasting the financial health of the omni oakland collective and highlighting risks and opportunities;
 * filing all paperwork regarding finances as required by law;
 * alerting OOC of any breach or other variance from agreed financial contributions by member collectives.

The OOC Finances Working Group is empowered to:

 * issue checks for monthly expenditures:
 * rent,
 * taxes,
 * insurance (Liability, D&O, Building),
 * utilities (PG&E, EBMUD, WM, and Internet),
 * basic operating supplies (TBD by facilities wg, not to exceed a set amount);
 * issue invoices to each member collective for a share of the above listed monthly costs to be agreed and reviewed quarterly;
 * issue checks to designated parties for all other outlays as agreed by 3/4 consensus at the Omni Delegates' meeting;
 * issue invoices to each member collective for a share of all other costs as agreed by their respective consensus process.

The OOC Finances Working Group is not empowered to:

 * issue checks for any item not agreed to by OOC Delegates' Meeting;
 * all costs other than monthly operating costs listed above must be decided at the OOC Delegates' meeting.
 * if a CPA is to be retained for annual taxes, we will seek approval of an additional line item from OOC Delegates' Meeting
 * issue invoices to member collectives for costs to which they have not consented;
 * member collectives are encouraged to agree to pay for costs identified as being necessary to carrying out OOC's mission.
 * prescribe financial adjustments, penalties, or benefits for any party
 * any variance from agreed contributions to the group will be brought to the attention of the OOC delegates for a decision.
 * measure or prescribe non-financial contributions from member collectives
 * any adjustments to financial contributions should come from governance working group or OOC Delegates' Meeting.

The OOC Finances Working Group co-operates with other working groups in ways including but not limited to the following:

 * provides quantitative fundraising information to fundraising working group and communications working group to develop fundraising strategy
 * adjusts business logic regarding member financial contributions as determined by governance working group
 * establishes operating costs and budget based on information from facilities working group and streamlines reimbursement procedures accordingly(TBD)

= Meeting Minutes Archive =  category            = Finance count               = 100 ordermethod         = sortkey order               = descending 