Difference between revisions of "Finances Working Group"

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(ok what's going on with the archival addon??)
 
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To ensure the continued financial health of the Omni Oakland.   
To ensure the continued financial health of the Omni Oakland.   


==The OOC Finances Working Group is tasked with:==
==The Omni Finances Working Group is tasked with:==
* recording all costs and revenues and monthly reporting of this information in a transparent way;
* recording all costs and revenues and monthly reporting of this information in a transparent way;
* paying bills out of omni oakland collective's bank account or accounts;
* paying bills out of omni oakland collective's bank account or accounts;
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* alerting OOC of any breach or other variance from agreed financial contributions by member collectives.
* alerting OOC of any breach or other variance from agreed financial contributions by member collectives.
      
      
==The OOC Finances Working Group is empowered to:==
==The Omni Finances Working Group is empowered to:==
* issue checks for monthly expenditures:
* issue checks for monthly expenditures:
** rent,
** rent,
** taxes,
** taxes,
** insurance,
** insurance (Liability, D&O, Building),
** utilities (PG&E, EBMUD, WM, and Internet),
** utilities (PG&E, EBMUD, WM, and Internet),
** basic operating supplies (TBD by facilities wg, not to exceed a set amount);
** basic operating supplies (TBD by facilities wg, not to exceed a set amount);
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* issue invoices to each member collective for a share of all other costs as agreed by their respective consensus process.
* issue invoices to each member collective for a share of all other costs as agreed by their respective consensus process.


==The OOC Finances Working Group is not empowered to:==
==The Omni Finances Working Group is not empowered to:==
      
      
* issue checks for any item not agreed to by OOC Delegates' Meeting;
* issue checks for any item not agreed to by OOC Delegates' Meeting;
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==The OOC Finances Working Group co-operates with other working groups in ways including but not limited to the following:==
==The Omni Finances Working Group co-operates with other working groups in ways including but not limited to the following:==
      
      
* provides quantitative fundraising information to fundraising working group and communications working group to develop fundraising strategy
* provides quantitative fundraising information to fundraising working group and communications working group to develop fundraising strategy
* adjusts business logic regarding member financial contributions as determined by governance working group
* adjusts business logic regarding member financial contributions as determined by governance working group
* establishes operating costs and budget based on information from facilities working group and streamlines reimbursement procedures accordingly(TBD)
* establishes operating costs and budget based on information from facilities working group and streamlines reimbursement procedures accordingly(TBD)
= Meeting Minutes Archive =
<DPL>
category            = Finance
count                = 100
ordermethod          = sortkey
order                = descending
</DPL>

Latest revision as of 04:05, 28 April 2021

Finances Working Group Scope

Mission:

To ensure the continued financial health of the Omni Oakland.

The Omni Finances Working Group is tasked with:

  • recording all costs and revenues and monthly reporting of this information in a transparent way;
  • paying bills out of omni oakland collective's bank account or accounts;
  • collecting funds from member collectives and depositing them in omni oakland collective's account or accounts;
  • forecasting the financial health of the omni oakland collective and highlighting risks and opportunities;
  • filing all paperwork regarding finances as required by law;
  • alerting OOC of any breach or other variance from agreed financial contributions by member collectives.

The Omni Finances Working Group is empowered to:

  • issue checks for monthly expenditures:
    • rent,
    • taxes,
    • insurance (Liability, D&O, Building),
    • utilities (PG&E, EBMUD, WM, and Internet),
    • basic operating supplies (TBD by facilities wg, not to exceed a set amount);
  • issue invoices to each member collective for a share of the above listed monthly costs to be agreed and reviewed quarterly;
  • issue checks to designated parties for all other outlays as agreed by 3/4 consensus at the Omni Delegates' meeting;
  • issue invoices to each member collective for a share of all other costs as agreed by their respective consensus process.

The Omni Finances Working Group is not empowered to:

  • issue checks for any item not agreed to by OOC Delegates' Meeting;
    • all costs other than monthly operating costs listed above must be decided at the OOC Delegates' meeting.
    • if a CPA is to be retained for annual taxes, we will seek approval of an additional line item from OOC Delegates' Meeting
  • issue invoices to member collectives for costs to which they have not consented;
    • member collectives are encouraged to agree to pay for costs identified as being necessary to carrying out OOC's mission.
  • prescribe financial adjustments, penalties, or benefits for any party
    • any variance from agreed contributions to the group will be brought to the attention of the OOC delegates for a decision.
  • measure or prescribe non-financial contributions from member collectives
    • any adjustments to financial contributions should come from governance working group or OOC Delegates' Meeting.


The Omni Finances Working Group co-operates with other working groups in ways including but not limited to the following:

  • provides quantitative fundraising information to fundraising working group and communications working group to develop fundraising strategy
  • adjusts business logic regarding member financial contributions as determined by governance working group
  • establishes operating costs and budget based on information from facilities working group and streamlines reimbursement procedures accordingly(TBD)

Meeting Minutes Archive

<DPL> category = Finance count = 100 ordermethod = sortkey order = descending </DPL>