Minutes:25 SEP 2024 Financial Planning
Meeting begins: 2007
Meeting ends:
Meeting attendees: Nate Y., Jame K., Joe D.
- 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
- 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.
- 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:
- Cash deposit schedule/rotation? - Nate
- 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?