Difference between revisions of "O&D Meeting 03/19/2024"
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== Treasurer Report == | == Treasurer Report == | ||
| − | + | * February Financial Reports | |
| − | + | ** [https://drive.google.com/file/d/1D2XDb1O2fbAljoI07ZBLpQJYBmoKaFX0/view?usp=drive_link LVL1-StatementOfActivities-202402.pdf] | |
| − | + | ** [https://drive.google.com/file/d/1wIdwrKh5xfl3DiVfwuPY89QLwgsgQwcT/view?usp=drive_link LVL1-StatementOfFinancialPosition-20240229.pdf] | |
| − | * [https://drive.google.com/file/d/1D2XDb1O2fbAljoI07ZBLpQJYBmoKaFX0/view?usp=drive_link LVL1-StatementOfActivities-202402.pdf] | ||
| − | * [https://drive.google.com/file/d/1wIdwrKh5xfl3DiVfwuPY89QLwgsgQwcT/view?usp=drive_link LVL1-StatementOfFinancialPosition-20240229.pdf] | ||
* Discuss spreading out BIG bills. | * Discuss spreading out BIG bills. | ||
| − | ** [https://drive.google.com/file/d/1R8ENBcV-Xu1VHn89tO22T2Bsr-sW6nZB/view?usp=drive_link Proposed LG&E Bill Leveling Implementation] = Create a $1,000 "LG&E Bill Leveling" reserve | + | ** [https://drive.google.com/file/d/1R8ENBcV-Xu1VHn89tO22T2Bsr-sW6nZB/view?usp=drive_link Proposed LG&E Bill Leveling Implementation] = Create a $1,000 "LG&E Bill Leveling" reserve for 2024. Then draw from, or add to that reserve each month based on if the actual monthly LG&E bill is more than, or less than a determined average ($680 per month for 2024). Each LG&E monthly expense is "leveled" at $680 during 2024. The reserve fund value fluctuates (+/-) each month; but returns to $1,000 at year end. The process then repeats in subsequent years. |
** Every February, we have a Pike13 Advantage annual service fee at $1,416.00. If we start to reserve $142.60 per month, over the next 10 months (Apr/24 to Jan/25) we will have the next needed $1,416 next February 2025 and beyond. | ** Every February, we have a Pike13 Advantage annual service fee at $1,416.00. If we start to reserve $142.60 per month, over the next 10 months (Apr/24 to Jan/25) we will have the next needed $1,416 next February 2025 and beyond. | ||
** Considering to transition from Quickbooks Desktop (single PC version) to Quickbooks Online (5 online users) accounting software, hopefully during March, and back-populated to be for all of 2024 working with Daniel Johnsen and Tiffany. | ** Considering to transition from Quickbooks Desktop (single PC version) to Quickbooks Online (5 online users) accounting software, hopefully during March, and back-populated to be for all of 2024 working with Daniel Johnsen and Tiffany. | ||
| + | * Continue OOPS initiatives to grow membership and increase revenue. | ||
== New Business == | == New Business == | ||
Revision as of 14:48, 19 March 2024
Contents
Agenda
Old Action Items
Old Business
- Soda Machine Stuff - Lock-a-doc
- Lawyer Stuff / Wavier
- Selling the Makerbot and Biques
- Planar Replacement
- Cameras in Wood Shop
- Food on Tuesdays
- Mural discussion - Adam
- Promotional Materials - Adam
Membership Report
- 79 members at end of January. Newest member signed up on 1/26/2024.
- 78 dues-paying members at end of January. Had one member whose dues did not pay on 1/28. Danielle has followed up on that.
Treasurer Report
- February Financial Reports
- Discuss spreading out BIG bills.
- Proposed LG&E Bill Leveling Implementation = Create a $1,000 "LG&E Bill Leveling" reserve for 2024. Then draw from, or add to that reserve each month based on if the actual monthly LG&E bill is more than, or less than a determined average ($680 per month for 2024). Each LG&E monthly expense is "leveled" at $680 during 2024. The reserve fund value fluctuates (+/-) each month; but returns to $1,000 at year end. The process then repeats in subsequent years.
- Every February, we have a Pike13 Advantage annual service fee at $1,416.00. If we start to reserve $142.60 per month, over the next 10 months (Apr/24 to Jan/25) we will have the next needed $1,416 next February 2025 and beyond.
- Considering to transition from Quickbooks Desktop (single PC version) to Quickbooks Online (5 online users) accounting software, hopefully during March, and back-populated to be for all of 2024 working with Daniel Johnsen and Tiffany.
- Continue OOPS initiatives to grow membership and increase revenue.
New Business
- Battery disposal bin request
- Policy of Sponsoring New Members - Charles?
Round Table
Action Items for Next Meeting
Categorizing Monthly Purchases
- Will work toward a formalized procedure to make sure it continues; possible bylaw change for annual meeting
