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

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=Agenda=
=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

Latest revision as of 03:20, 20 August 2014

Agenda

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