Event:2017/04/14 Finance & Fundraising

Omni Finance Working Group 14 April 2017

Overdue Invoices

ALL LEGIT UNPAID AND OVERDUE: $7,799.50

• Timeless, Infinite Light
  • Invoice #1021: https://connect.intuit.com/portal/app/CommerceNetwork/view/d205676f-3cf9-45b4-b601-c9fba859f5d8?cta=sharelinksales&locale=en_US
    • Overdue invoice #1208 for January 2016 (lost check) - $300 - unpaid
    • Overdue invoice #1534 for January 2017 - $300 - paid 2/7/17
    • February 2017 - $300 - unpaid
    • March 2017 - $300 - unpaid
  • April rent payment cashed 4/14 ($300)
  • TOTAL UNPAID AND OVERDUE: $900

• Phat Beets
  • Invoice #1025: https://connect.intuit.com/portal/app/CommerceNetwork/view/415c302b-5e2f-4dfb-867a-662a11a6162d?cta=sharelinksales&locale=en_US
    • Dec, Jan, Feb, and March rent w/ 3% increase reflected - $3090
    • Pro-rated Utilities (PG&E, EBMUD, Waste Management) - 4 months - $100
    • Checks cashed: $775 on 3/29; $750 on 2/9 (was for Oct rent, found late in upstairs mail slot); $775 on 2/9
    • UNPAID AND OVERDUE: $890
  • Invoice #1041: https://connect.intuit.com/portal/app/CommerceNetwork/view/0c099091-1a3d-48bf-ad04-5a8484fe15dd?cta=sharelinksales&locale=en_US
    • $797.50 for April rent (w/ 3% increase reflected) + $25 to utils - unpaid
  • TOTAL UNPAID AND OVERDUE: $1,687.50

• Sudo Room
  • Invoice #1020: https://connect.intuit.com/portal/app/CommerceNetwork/view/34224d27-8fb1-473e-a416-dfba7145000e?cta=sharelinksales&locale=en_US
    • Jan, Feb, & March rent - $6,000
    • Payments made: $976.61 on 12/1/16; $1600 on 2/7; $2000 on 3/29; $423.39 on 4/16
    • UNPAID AND OVERDUE: $1,000
  • Invoice #1048: https://connect.intuit.com/portal/app/CommerceNetwork/view/d7bf92ad-58bc-4314-8e11-6954c2616b5e?cta=sharelinksales&locale=en_US
    • April rent - $2,000 - unpaid
  • TOTAL UNPAID AND OVERDUE: $3,000

• GCEA/YES
  • Invoice #1023: https://connect.intuit.com/portal/app/CommerceNetwork/view/87146fd2-c77a-4fd9-935c-5f0699afc9ed?cta=sharelinksales&locale=en_US
    • Dec-March rent: $800
    • Utilities 4 months: $612
    • UNPAID AND OVERDUE: $1,412
  • Security deposit & Last Mo Rent applied: -$400
  • TOTAL UNPAID AND OVERDUE: $1,012

• Event Rentals
  • Invoice #1038 - Dawn Valadez - $200 remaining - reminder sent 4/16
  • Invoice #1031 - Emma Alden / Much Ado - $320 remaining - inquired w/ commons 4/16
  • Invoice #1037 - Brigitte Johnson / Gender Strike mtgs - $80 - inquired w/ commons 4/16
  • Invoice #1065 - Stefan Warmuth / East Bay Fusion Dance - $600 remaining - reminder sent 4/16
  • TOTAL UNPAID AND OVERDUE: $1,200

Omni Finance Working Group 14 April 2017

Attendees

• Brian, Julio, Jenny

Agenda

• 1099 Review

taxes & rrf-1s

• 2016 RRF-1s due 4/15
• 2016 990s & 199s due 5/15
• 1099s? Brian & Jenny sent them to Jesse & John some months ago

Reviewing 2016 OC Financial Reports

• When Loans are repaid, we should create a journal entry that DEBITS the Liabilities Account (eg, MJ Loan) and CREDITS 3000 Opening Balance Equity

Office Stuff

• Critical Resistance donated a large format (11x17) printer! hooray!!
• Omni Filing System (incomplete & outdated) - Diagram / mindmap for office wall - https://coggle.it/diagram/V_hpq3KmfZ8hD7bN