Finance WG Mtg Notes 4 01-18-12

[Lisa Green]

Finance WG Mtg Notes
01-18-12
Notetaker: Lisa Green
Attendees: Lisa G, Bob, Chris, Mike C, Mike L, Sara

The working group identified proposals for consideration of the
forthcoming general assembly. Only the top two proposals will be
presented at tonight's G.A., on Jan 19, 2012.

Proposal #1: Create a Donate button on every webpage of OV website, as
possible, which once pressed will bring the intended donor to the
Donate page. This will increase visibility to people who might want to
contribute monetarily.

Presenters: Bob, and Lisa G

Background: Currently monetary contributions can be made via the
Occupy Venice website. OV uses WePay a virtual internet payment
collection service. The current web design includes a Donate page
which is part of the list of webpages for the website.

https://www.wepay.com/donate/occupyvenice

Community Impact/Target: Internet/online community

Costs: No addition cost. Cost already appropriated through G.A. for
web design at $50/mo for 3 months.
Timeframe: ASAP
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Proposal #2: Expenditure and reimbursement approval process. Any
proposed expenditure must be approved by the Finance WG prior to any
verbal, or written agreements to pay, and/or actual payments made. All
proposals when presented to a G.A. should include all anticipated
expenditures. Approved proposals by the G.A. with expenditures
identified will be submitted to Finance Working Group for reconciling
purposes through this forum. There will be no expense reimbursements
without pre approval by the Finance WG and the G.A.

Presenters: Bob and Lisa G

Background: Currently no clear expenditure and reimbursement approval
process exists. Establishing such controls will provide a method to
track expenses to approved proposals and keep expenses in line with
approved proposal and expectations as presented to the G.A.

Costs: handwritten transaction logbook less then $10
Community Impact/Target: Individual and/or working group proposed
expenditures
Timeframe: immediately
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Proposal #3: Development and implementation of a Community Currency
program.

Presenters: Mike C and ?

Background: Develop an alternative currency to be used in the Venice
community.
Steve Claire, President of the Venice Community Housing Corporation at
720 Rose Ave is interested in a pilot program to be used within his
community housing environment encouraging housing participants to
utilize the community currency in exchange of baby sitting svcs,
laundry svcs, etc.

Costs: to be defined

Community Impact/Target:

Timeframe: further details to be provided
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Proposal #4: Take nominations and select a member of OV to be the
Treasurer. Select 3 members of OV to be in possession of the WePay
account password (1 from Finance WG, 1 from Facilitation, 1 from
another WG). The individual appointed as Treasurer would be someone
who regularly participates in OV and has done so for a reasonable
period of time. Collateral up to a % of the balance of cash will be
required of the Treasurer.

Background: Collateral requirements and % of balance details to be
discussed further.

Costs:

Community Impact/Target:

Timeframe:
________________________________________________________________________________

Discussion also occurred about a potential legal structure for the
group, two being a mutual benefit corporation, and a two tiered
approach using an umbrella 501 C3 non profit organization that
projects of OV could utilize. Further details to be provided.

Next meeting: not decided. propose weekly mtgs of finance wg at this
time.