Board Minutes July 2024: Difference between revisions
→Finance Committee Report
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*Setting up a cash policy (night deposits, etc) | *Setting up a cash policy (night deposits, etc) | ||
*Did discuss a separate restricted funds bank account-- at this point, we're just going to track expenses against each grant. Maybe a separate bank account in the future if our grant revenue becomes much more significant. | *Did discuss a separate restricted funds bank account-- at this point, we're just going to track expenses against each grant. Maybe a separate bank account in the future if our grant revenue becomes much more significant. | ||
*Any new financial updates/specific targets for sales? (suggested by Alex) - Keith: not specifically, we're on track to meet his preferred cash reserve in August ($75k), which works out to $12k in March. Coreen suggests we pay Alex for 40h/wk this month for updating the Annex space. Alex adds: potentially $2k for supplies. Alex wants to clarify status of permit-- Matt | *Any new financial updates/specific targets for sales? (suggested by Alex) - Keith: not specifically, we're on track to meet his preferred cash reserve in August ($75k), which works out to $12k in March. Coreen suggests we pay Alex for 40h/wk this month for updating the Annex space. Alex adds: potentially $2k for supplies. Alex wants to clarify status of permit-- Matt just received some HVAC drawings from MacEwan and sent them to the city today. | ||
=== Fundraising Committee Report === | === Fundraising Committee Report === | ||