Board Minutes January 2022: Difference between revisions
→Finance Motions - Byron V. (2 min)
| Line 123: | Line 123: | ||
==== Finance Motions - Byron V. (2 min) ==== | ==== Finance Motions - Byron V. (2 min) ==== | ||
* Question (Mike E): Why is the card issued in Coreen's name specifically? | * Question (Mike E): Why is the card issued in Coreen's name specifically? | ||
** Response: We need to have physical cards for each shop manager for in-person purchases, and the ED card for online purchases. Servus Credit | ** Response: We need to have physical cards for each shop manager for in-person purchases, and the ED card for online purchases. Servus Credit Union requires that cards be issued in a person's name, as opposed to a role or position. | ||
* Question (Mike E): How often are these cards used, and what is the interest rate? | * Question (Mike E): How often are these cards used, and what is the interest rate? | ||
** Response: | ** Response: We pay off the cards monthly, so we never carry a balance. However, there is a $75/yr annual fee for each card. The Circle Rewards points that we earn each year do cover these fees. | ||
* Question (Keith): What is the plan going forward for shop purchases? Will these be handled for each shop or handled centrally? | * Question (Keith): What is the plan going forward for shop purchases? Will these be handled for each shop or handled centrally? | ||
** Response: We want to have cards available for each shop manager for | ** Response: We want to have cards available for each shop manager for necessary purchases. We will be handling purchases for each shop separately. | ||
* Question (Mike E): Is there a credit card policy? | |||
** Response: Not yet. | |||
{{Motion | {{Motion | ||
|motion= The Executive and Finance Committees recommend to the Board to continue with Servus Credit Union's Circle Rewards Business MasterCard and to cancel the MasterCard in Chris Chan's name and request two new MasterCards from Servus Credit Union in the names of Coreen S, South Shop Manager, and Mike Zuege, Executive Director. | |motion= The Executive and Finance Committees recommend to the Board to continue with Servus Credit Union's Circle Rewards Business MasterCard and to cancel the MasterCard in Chris Chan's name and request two new MasterCards from Servus Credit Union in the names of Coreen S, South Shop Manager, and Mike Zuege, Executive Director. | ||
|first= | |first= Byron | ||
|second= | |second= Mike E | ||
|yes= | |yes= 9 | ||
|no= | |no= 0 | ||
|abstain= | |abstain= 0 | ||
|result= | |result= Carried | ||
}} | }} | ||
{{Motion | {{Motion | ||
|motion= Standing Motion: The Executive and Finance Committees recommend to the Board to delegate authority to the Executive Director, Mike Züge, and Treasurer, Byron Vass, to redeem the Society's MasterCard Circle Rewards for cash back, to be deposited in the high interest general bank account, whenever operationally appropriate without need to receive Board approval each time. | |motion= Standing Motion: The Executive and Finance Committees recommend to the Board to delegate authority to the Executive Director, Mike Züge, and Treasurer, Byron Vass, to redeem the Society's MasterCard Circle Rewards for cash back, to be deposited in the high interest general bank account, whenever operationally appropriate without need to receive Board approval each time. | ||
|first= | |first= Byron | ||
|second= | |second= Sarah | ||
|yes= | |yes= 9 | ||
|no= | |no= 0 | ||
|abstain= | |abstain= 0 | ||
|result= | |result= Carried | ||
}} | }} | ||