Event:2014/11/18 Finance Working Group

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  • sara will send out invoices this week including insurance expense for TIL
  • niki will write us a check to send to john when it's close to the end of the month
  • we'll propose amgo gets CFOd and added to the bank account at the next meeting with at least 6 month commitment (check in then)
  • There are 6 paying member collectives for this coming month: TIL, BAPS, La Commune, Sudo Room, CCL, Material Print Machine
  • $451.71 bills for member collectives in the December invoices and $145.04 for tenants
  • Left Tilt Foundation is giving OMNI $5,000 (thanks Danny!) we just need to write a proposal. what is required of the proposal? to whom does it go? Sara will talk Danny about this.
  • Judy will send FNB proposal to finance committee for review/comments saturday morning--then will send it out to Joe Lisner/FNB
  • Meeting with Jen (nonprofit bookkeeping expert) last weekend cancelled, moved to this Friday
  • There'S about $13k in the bank account right now (after paying off the $2,500 to the ADA guy)
  • The $1,000 for sound proofing was already paid by Omni, no need to reimburse
  • Finance committee will authorize $2,700 for fire/safety permit upgrades as soon as we have the $10,000 grant in hand
  • Niki will be out of country 12/14 - 1/4
      • Announcment for delegate meeting: With OmniDance leaving, bills will be even higher. Bills would have been over $500 for each member collective this month without OmniDance contributing

Agenda for 11/18 meeting (is this the day we're meeting?):

  • devise payback schedule for whoever fronted $1,000 for soundproofing per 11/6 delegate meeting
  • figure out how/when to spend $2,700 for remainder of fire/safety permit upgrades per 11/13 delegate meeting. once approved, make sure project budget management process we developed is used
  • grant proposal to FNB. judy is writing it, but who does it go to? what is required?
  • early invoicing to member collectives b/c of holiday
  • report back from meeting with jen
  • make sure we know how to pay rent/bills before niki leaves the country for thanksgiving.
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