http://owa-usa.org/newsletter.php?v=311#489

Newsletter | Jan/Feb 2003


OWA Finances

General Account

Inflow


Membership

Interest

Retreat*

Total

Outflow

Balance
*Does not include Retreat expenses. Retreat Committee has a separate account.

General Account 2.1.02 to 6.30.02

Inflow membership

Outflow expenses

Balance

Money Market Account
as of 6.30.02

Health Plan Account
as of 6.30.02

9,525.00

479.75

12,935.00

22,939.75

18,559.25

4,380.50





7,531.00

3,771.30

3,759.73

22,103.77


16,160.50

Recommendations discussed at Business Meeting:

1. Health Plan Account must be put into business account along with other OWA business accounts at Bank of America. Tara Lane to work out transfer of funds with Janet Crane.

2. Tara to set up online banking system with Bank of America for all OWA accounts. Each committee responsible for funds will have a separate passcode for their account, as well as a master passcode for the steering committee treasurer and founder to have access to all financial information. This will be set up during the first six months of 2003.

3. Other items discussed were putting OWA accounts on Quick Books instead of Quicken which is preferred by our Accountant, and talking to an investment advisor for 50% of the funds in the money market and health plan to increase interest earnings over the long term.

4. Purchase of a used computer to handle bookkeeping and other correspondence for OWA.



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