Difference between revisions of "Event:2014/08/05 finance meeting"

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==Quarterly Reporting from Collectives==
==Quarterly Reporting from Collectives==
* Sign new subleases (should they be quarterly?)
** Should include language to the effect:
*** Report of past quarter's finances
**** Revenue
**** Rental Costs
**** Non-Rental Costs
**** Investment in Capital Improvements
***** Hol to investigate depreciation schedules / Repayment on a Case by case basis to be approved w/in 30 days of expenditure
*** Financial projection for next quarter
** Collectives should provide quarterly update of their projected solvency


==Rent Commitment==
==Rent Commitment==
*6 month check-in?
*6 month check-in?
*How to handle collectives who fail to meet their commitments?


==Loan Protocol==
==Loan Protocol==
*All loans (no-interest only) over 10k w/a monthly repayment amount over $1,000/mo to be brought before the collective for approval.
*Debt cap of $100k


==Fundraising?==
==Fundraising?==
*Danny will continue to spearhead fundraising proposals
==Event Space Rental==
*Maryanna to spearhead group to draft proposal for renting ballroom.


==Build Out Costs==
==Build Out Costs==
 
* We will tracks investments made by individual collectives.
==Budget==


==Accounting==
==Accounting==
*Judy to ask friend for accounting help
** Setting up books
** Annual taxes


==Monthly Expenses==
*Costs which will be invoiced w/out consensus (all collectives will split these expenses equally unless otherwise agreed upon at the General Meeting)
** Rent
** Utilities
** Internet
** Insurance
** Taxes
** Basic Supplies (not to exceed $50/mo - tbd by facilities working group)
*Costs which require consensus from the collectives
*Invoicing John?
*Invoicing John?
Action Items:
* Hol will translate Cere's build out costs email into a beautiful Gant chart
* Maryanna will draft proposal for rental of ballroom
* Niki will request a quote from Jesse for preparing 1023
* Niki will set up a Finance Committee email

Revision as of 03:07, 20 August 2014

Agenda

Quarterly Reporting from Collectives

  • Sign new subleases (should they be quarterly?)
    • Should include language to the effect:
      • Report of past quarter's finances
        • Revenue
        • Rental Costs
        • Non-Rental Costs
        • Investment in Capital Improvements
          • Hol to investigate depreciation schedules / Repayment on a Case by case basis to be approved w/in 30 days of expenditure
      • Financial projection for next quarter
    • Collectives should provide quarterly update of their projected solvency

Rent Commitment

  • 6 month check-in?
  • How to handle collectives who fail to meet their commitments?

Loan Protocol

  • All loans (no-interest only) over 10k w/a monthly repayment amount over $1,000/mo to be brought before the collective for approval.
  • Debt cap of $100k

Fundraising?

  • Danny will continue to spearhead fundraising proposals

Event Space Rental

  • Maryanna to spearhead group to draft proposal for renting ballroom.

Build Out Costs

  • We will tracks investments made by individual collectives.

Accounting

  • Judy to ask friend for accounting help
    • Setting up books
    • Annual taxes

Monthly Expenses

  • Costs which will be invoiced w/out consensus (all collectives will split these expenses equally unless otherwise agreed upon at the General Meeting)
    • Rent
    • Utilities
    • Internet
    • Insurance
    • Taxes
    • Basic Supplies (not to exceed $50/mo - tbd by facilities working group)
  • Costs which require consensus from the collectives
  • Invoicing John?

Action Items:

  • Hol will translate Cere's build out costs email into a beautiful Gant chart
  • Maryanna will draft proposal for rental of ballroom
  • Niki will request a quote from Jesse for preparing 1023
  • Niki will set up a Finance Committee email
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