Difference between revisions of "O&D Meeting 03/19/2024"
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== Old Action Items == | == Old Action Items == | ||
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* | * | ||
== Old Business == | == Old Business == | ||
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* Soda Machine Stuff - Lock-a-doc | * Soda Machine Stuff - Lock-a-doc | ||
* Lawyer Stuff / Wavier | * Lawyer Stuff / Wavier | ||
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== Membership Report == | == Membership Report == | ||
| − | + | * 78 dues-paying members in good standing for February. | |
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== Treasurer Report == | == Treasurer Report == | ||
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== Categorizing Monthly Purchases == | == Categorizing Monthly Purchases == | ||
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* Will work toward a formalized procedure to make sure it continues; possible bylaw change for annual meeting | * Will work toward a formalized procedure to make sure it continues; possible bylaw change for annual meeting | ||
= Minutes = | = Minutes = | ||
Revision as of 20:10, 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
- 78 dues-paying members in good standing for February.
Treasurer Report
- February numbers were upside-down. Revenue (at $3,894.15) was less than Expense (at $5,330.68) for a Net loss of ($1,436.53) primarily due to two large bills and the increased monthly rent.
- 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.
- Working with Daniel Johnsen and Tiffany, intending to transition from Quickbooks Desktop (single PC version) to Quickbooks Online (5 online users) accounting software, hopefully during March, and then back-populate the accounting for all of 2024.
- Encourage success via 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
