[Businessmtg] FW: Treasurer's Report
Veronica Porras
veronicaporras.sf at gmail.com
Sun Jan 5 08:13:59 PST 2020
Thanks Steve. I booked marked the link.
On Sat, Jan 4, 2020 at 3:52 PM Steve Rankin <steve at serenitysys.com> wrote:
> Hi Veronica,
>
>
>
> Thanks for asking! FYI, I received Veronica’s questions privately, the
> answers really belongs to the entire Business Meeting, so here they are.
>
>
>
> Veronica, it might make more sense if I answer your questions out of
> order.
>
>
>
> Question #2. How can one make a donation?
>
>
>
> Members of ASP can make donations two ways.
>
>
>
> A. PayPal: Send a donation to <mailto:tradition7 at asp-afg.org>
> tradition7 at asp-afg.org via PayPal.
>
> If you use PayPal, we prefer that you send it as a gift instead as a
> payment for goods or services.
>
> PayPal does not charge a fee for sending money as a gift,
>
> OTOH PayPal charges ASP about 4.4% for money sent as payment.
>
>
>
> B. Check: Send a check to:
>
> A SERENITY PLACE
>
> PO BOX 1672
>
> SEQUIM WA 98382-4328
>
>
>
> Please note that banks charge outrageous “foreign transaction fees” for
> checks received from the United States. Believe it or not, the fee for
> receiving a check from another country can be nearly $100 US. PayPal’s fees
> are cheap by comparison.
>
>
>
> Accountability. However, you chose to send your donation, we will include
> a bit of identifying information in the financial report so that you can
> confirm that YOUR donation was received and accounted for. This is either a
> PayPal transaction number, or your check number and your postal code.
> Either way, only the donor and the Treasurer know the identity of the
> member.
>
>
>
>
>
> Question #1. What’s the difference between the PayPal Account and the Bank
> Account?
>
>
>
> ASP has one brick and mortar Bank Account, and one separate, but
> connected, online PayPal Account.
>
>
>
> A. Funds received by check sent to the PO Box are periodically
> deposited into the regular bank account. All bills are paid with the Bank
> Account.
> B. Funds sent via PayPal are automatically deposited in the PayPal
> account. PayPal automatically deducts applicable transaction fees when
> donations are received as payment for goods or services. Periodically,
> funds are transferred from the PayPal account to the Bank Account.
>
>
>
>
>
> Question #3: I see that there was a PayPal balance in Dec, but it goes to
> $0 in Jan. Is that normal?
>
>
>
> We did not receive any PayPal donations near the end of the calendar year,
> so the balance in the PayPal account was $0.00 because nothing snuck in
> between the last time I had transferred funds from the PayPal Account to
> the Bank Account. This year, we received donations from 4 members on
> December 30th and 31st, so those funds showed up as a $114.80 balance in
> the PayPal account. FWIW, we received another $20 PayPal donation on
> January 2nd that does not show up in the 2019 report, of course.
>
>
>
> Similarly, funds received at the PO Box are not recorded until we actually
> deposit them in the Bank Account. FWIW, I checked the PO Box on December
> 30th and nothing was there.
>
>
>
> As for “is this normal”? It all depends on the timing of donations. I try
> to check the PO Box and PayPal a day or so before the end of the reporting
> period, so the report is as timely as possible, but I also need a day or so
> to prepare the report which means that some donations might sneak in,
> especially in the PayPal account.
>
>
>
> As a reminder, we have a web page dedicated to the Seventh Tradition at
> http://asp-afg.org/members/tradition-7/ that explains most of this.
>
>
>
> I hope I’ve answered your questions and the answers make sense. If not,
> please don’t be bashful and ask away.
>
>
>
> Love and SERENITY,
>
> Steve
>
>
>
>
>
>
>
> From: Veronica Porras
> Sent: Saturday, January 4, 2020 8:28 AM
> To: Steve Rankin <steve at serenitysys.com>
> Cc: ASP Business <businessmtg at asp-afg.org>
> Subject: Re: [Businessmtg] FW: Treasurer's Report
>
>
>
> Thank you Steve for your service and report. I have some questions. I want
> to get a better understanding of our financials.
>
>
>
> 1. What’s the difference between the PayPal Account and the Bank Account?
>
>
>
> 2. How can one make a donation?
>
>
>
> 3. I see that there was a PayPal balance in Dec, but it goes to $0 in Jan.
> Is that normal?
>
>
>
> -Veronica
>
>
>
> On Wed, Jan 1, 2020 at 5:27 PM Steve Rankin <steve at serenitysys.com
> <mailto:steve at serenitysys.com> > wrote:
>
> Hi ASPers,
>
>
>
> Thank you, Beverly!
>
>
>
> Here is the annual Treasurer's Report for 2019.
>
>
>
> Bank Account Balance Jan 1, 2019 $ 1,508.21
>
> PayPal Account Balance Jan 1, 2019 $ 0.00
>
> Donations 2019:
> $ 477.23
>
> Expenses 2019:
> $ 1,188.88
>
> Bank Account Balance Dec 31, 2019 $ 796.56
>
> PayPal Account Balance Dec 31, 2019 $ 114.80
>
> Total Balance
> $ 911.36
>
>
>
> Thanks to Anne K. our Web Master for posting the detailed register of the
> transactions during the calendar year 2019 here:
>
>
> http://asp-afg.org/members/wp-content/uploads/sites/4/2020/01/ASP-7th-Tradition-Register-2019-Calendar-Year.pdf
>
>
>
> Lastly, I apologize for posting the report to the recovery meeting a few
> minutes ago. Ugh. Still, not quite perfect. 😊
>
>
>
> Love and SERENITY,
>
> Steve
>
> Founder & Acting Treasurer
>
>
>
>
>
>
>
>
> _______________________________________________
> The ASP Instruction page is http://asp-afg.org/members/asp-instructions/
>
> The ASP web site for ASP members is http://www.asp-afg.org/Members/
>
> For assistance with other ASP issues, contact Jerry the List
> Administrator, at la at asp-afg.org <mailto:la at asp-afg.org>
>
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>
>
> _______________________________________________
> The ASP Instruction page is http://asp-afg.org/members/asp-instructions/
>
> The ASP web site for ASP members is http://www.asp-afg.org/Members/
>
> For assistance with other ASP issues, contact Jerry the List
> Administrator, at la at asp-afg.org
>
> _______________________________________________
> Businessmtg mailing list
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