Difference between revisions of "Event:2014/08/19 Finance Meeting"
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| Line 36: | Line 36: | ||
==Monthly Expenses== | ==Monthly Expenses== | ||
*We would like to work towards having 3 months of reserve in the bank at all times. | |||
*Costs which will be invoiced w/out consensus (all collectives will split these expenses equally unless otherwise agreed upon at the General Meeting) | *Costs which will be invoiced w/out consensus (all collectives will split these expenses equally unless otherwise agreed upon at the General Meeting) | ||
** Rent | ** Rent | ||
| Line 46: | Line 47: | ||
*Invoicing John? | *Invoicing John? | ||
Action Items: | ==Action Items:== | ||
* Hol will translate Cere's build out costs email into a beautiful Gant chart | * Hol will translate Cere's build out costs email into a beautiful Gant chart | ||
Revision as of 15:04, 20 August 2014
Agenda
Quarterly Reporting from Collectives
- Sign new subleases (should they be quarterly?)
- Should include requirements for:
- 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
- Report of past quarter's finances
- Collectives should provide quarterly update of their projected solvency
- Should include requirements for:
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
- We would like to work towards having 3 months of reserve in the bank at all times.
- 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