https://omnicommons.org/mediawiki/index.php?action=history&feed=atom&title=Event%3A2015%2F07%2F22_Finance_Working_GroupEvent:2015/07/22 Finance Working Group - Revision history2026-04-30T08:50:32ZRevision history for this page on the wikiMediaWiki 1.37.2https://omnicommons.org/mediawiki/index.php?title=Event:2015/07/22_Finance_Working_Group&diff=3811&oldid=prevJulio: moved from pad2015-07-23T03:37:52Z<p>moved from pad</p>
<p><b>New page</b></p><div>=== Members present ===<br />
* Barrett<br />
* Julio<br />
* Matt<br />
* Helen<br />
* Sarah<br />
<br />
===Agenda===<br />
* Update on Quickbooks<br />
* Financial updates<br />
* Matt update on stripe transactions<br />
* Barrett update on events from Commons WG<br />
* Discussion on miscalleneous finance stuff<br />
* Update to delegates<br />
* Next meeting is Aug 5<br />
<br />
===Update on QB===<br />
*Almost done reconciling the past bank statements with Quickbooks<br />
* Once we have the detail, we will have a better idea of the financial history and have more accurate projections in the future<br />
* Meeting with accountant (Mary)<br />
* Once that activity is finished, another task: twice a month reconcile to ensure automatic trasactions are accurate<br />
=== Financial update ===<br />
* Some insurance did not get paid (at least 5 policies) <br />
* Insurance to come up to date $4182.32<br />
* Rent for August (due Aug 1) $14,149<br />
* Total for August is $18,3331.32<br />
* Questions for State Farm<br />
** Can we do a monthly payment for now?<br />
** Automation<br />
** If not monthly payment, and we succeed (buy building) or fail (lose the building)<br />
=== Matt update on stripe transactions ===<br />
* Stripe is the credit card transaction company we used while using Wave App (before QB)<br />
* some Stripe transactions are missing?<br />
<br />
=== Barrett update on events updates on commons WG ===<br />
* Meetings are chaotic<br />
* Barrett is creating invoices on the fly <br />
* Barrett can only attend one more meeting<br />
* Hopefully, process will be more streamlined and we'll have fewer invoices that take in more money each<br />
* Juilo and/or Matt can take over after Barrett leaves early August<br />
<br />
=== Miscellaneous Finance discussion ===<br />
* What is the Omni's relationship with money?<br />
** Discussion on history with money, conflicts around money, and current state of realism vs. the anti-capitalist nature of this project<br />
<br />
* What is the state of fundraising?<br />
** Buy the Omni effort is trying to figure out <br />
** Other efforts have been successful but caused burnout<br />
<br />
* Liaison with Building WG <br />
** Helen volunteers to do this<br />
<br />
* Phat Beets clarification<br />
** agreed to pay $750<br />
** paying the rent and not shared expenses<br />
<br />
=== Finance Updates to Delegates ===<br />
* Every delegates meeting should have a brief update<br />
* Sarah will update tomorrow 23 July, 30 July<br />
* Who will update the delegates on 13 August?<br />
** Decide on 5 August<br />
<br />
=== Action Items ===<br />
* Sarah to send Julio spreadsheet with all financial obligations<br />
* Sarah will check Federal Western CU for missing money from Stripe transactions<br />
* Matt will fill in the rest of Wave app info<br />
* Sarah will set up meeting with State Farm Tuesday (after 3pm)<br />
** Julio can do btw 3-5pm<br />
** Matt can do after 5pm<br />
* Sarah will set up a meeting with Phat Beets</div>Julio