Minutes:03 JUL 2024 Financial Planning

Meeting begins: 2010

Meeting ends: 2035

Meeting attendees: Nate Y., Joe D., Jame K.

• Budget notes:
  • Plans to move money to UMCU
    • Joe will look into doing this after Art Fair, ca. July 24th. Will report back at the August Members' Meeting.
  • create system to pay contractors
    • Joe: This needs to be made so we can pay for contract work, e.g. LaunchX staffing
    • Checks seem to be the preferred method as there is no overhead
    • Google Drive storage for signed contracts, Google Form to track payment needs/notes
    • Jame will order checks
    • Joe will create a spot to store signed contracts, and a form to track who needs to be paid and how much

• 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

• Action items:
  • 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
  • EOY Fundraising plans - Sarah?
    • Joe: Let's schedule a meeting just for this toward the end of July
  • Find other ways to get help on writing grants? Can we reach outside of the organization for help?