Minutes:25 SEP 2024 Financial Planning
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Meeting begins: 2007
Meeting ends: 2026
Meeting attendees: Nate Y., Jame K., Joe D.
- Budget notes:
- Plans to move money to UMCU
- Final plan is to move the remaining buffer funds to UMCU after a while, but mostly the Huntington account is good to be closed once we're sure nothing is drawing from it (yearly expenses, etc.)
- create system to pay contractors
- This is mostly done
- Need to be more disciplined about getting contracts signed
- Plans to move money to UMCU
- Grants:
- SA2T - Sarah
- Ann Arbor Area Community Foundation
- Grant programs open - James A. and Faith Knight Foundation: https://www.aaacf.org/news/james-a-and-faith-knight-foundation, https://www.knightfoundationmi.org/funding-priorities/ - closes September 30th, possibly when money runs out
- Grants for operating costs? While it's possible, this is likely not as promising vs. a targeted plan of action.
- Jame: could use it to fund an expansion?
- Jame will research needs to get us started
- Grants for operating costs? While it's possible, this is likely not as promising vs. a targeted plan of action.
- Jame will get the ball rolling in a Google Doc, Nate can support needs
- Grant programs open - James A. and Faith Knight Foundation: https://www.aaacf.org/news/james-a-and-faith-knight-foundation, https://www.knightfoundationmi.org/funding-priorities/ - closes September 30th, possibly when money runs out
- Action items:
- Schedule meeting for EOY fundraiser: reach out to engaged AHA folks and see when a good time would be to discuss as a group.
- Nate will post a link with a poll on which days/times, during the next couple weeks, are good for a meeting
- Cash deposit schedule/rotation? - Nate
- Joe would like someone else to tally up how much is needing deposit, post in chat. Nate will tally up money in an envelope, Joe will deposit periodically.
- Future SEO/Adwords discussion: defer until after strategic planning - strategic planning still needs to be planned!
- Joe: will set up a time to get a strategic meeting on the calendar w/in the next couple months
- Find other ways to get help on writing grants? Can we reach outside of the organization for help?
- Schedule meeting for EOY fundraiser: reach out to engaged AHA folks and see when a good time would be to discuss as a group.