Minutes:01 Jan 2024 Financial Planning: Difference between revisions
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Meeting begins: | Meeting begins: 1947 | ||
Meeting ends: 2200 | Meeting ends: 2200 | ||
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* Quickbooks progress: | * Quickbooks progress: | ||
** | ** documentation needed. to do at work improvement day | ||
* Grants: | * Grants: | ||
** Creative Washtenaw grant acquired. | ** Creative Washtenaw grant acquired. | ||
** | *** Special accounting needs to be implemented by members meeting by Joe. | ||
** Related: we should hire some kind of legal help, CPA and/or lawyer, to make sure we're doing things the correct way when paying people to help. | *** Final report submitted | ||
*** Related: we should hire some kind of legal help, CPA and/or lawyer, to make sure we're doing things the correct way when paying people to help. Joe will have info at Members Meeting | |||
** Let members know that we are looking to hire help to write grants. Sarah will work on Sustaining A2 together after being pinged by Nate. She will update at Members meetings and one time in between. | |||
** The search for other grants continues | |||
* Budget notes: | * Budget notes: | ||
** Move money to another bank/credit union? Interest rate is abysmal | ** Move money to another bank/credit union? Interest rate is abysmal | ||
Revision as of 19:57, 3 January 2024
Meeting begins: 1947
Meeting ends: 2200
Meeting attendees: Nate Y., Joe D., James K.
- Quickbooks progress:
- documentation needed. to do at work improvement day
- Grants:
- Creative Washtenaw grant acquired.
- Special accounting needs to be implemented by members meeting by Joe.
- Final report submitted
- Related: we should hire some kind of legal help, CPA and/or lawyer, to make sure we're doing things the correct way when paying people to help. Joe will have info at Members Meeting
- Let members know that we are looking to hire help to write grants. Sarah will work on Sustaining A2 together after being pinged by Nate. She will update at Members meetings and one time in between.
- The search for other grants continues
- Creative Washtenaw grant acquired.
- Budget notes:
- Move money to another bank/credit union? Interest rate is abysmal
- James said he'd ask a financial advisor about it
- Loans coming due in the next several months
- James: we should pay this back slowly since we have a great rate
- Can we move this money into another interest-bearing account? Presumably this can't be put into a vesting account due to the rules of the loan.
- James: We need to look into moving our server infrastructure to AWS
- James: Let's also pick over our other expenses to find ways to save (e.g. Nest).
- Move money to another bank/credit union? Interest rate is abysmal
- Action items:
- Add donation button for 3d printer filament? - Nate will implement button/QR code (Venmo)
- Future SEO/Adwords discussion: we need to have a person who is interested in doing Adwords campaign stuff. When we have that person on-board, we can go ahead and get our non-profit account re-enabled. James will reach out to some potentially-interested people.
- New budget process
- Separate/out of scope from this meeting, but good topics to discuss later:
- Ideas on how to spend our $25k loan (ongoing)