[Businessmtg] GEA Finance Report

[Steve Rankin]

Hi folks, 

Below is the financial info from Becky, our GEA Treasurer.

I fully expect the server to render it unreadable, so I'll send a copy as a
PDF attachment to everyone in the Business Meeting directly.

Hugs,

Steve

Actual and Projected Expenses
Global Electronic Area
Fiscal Year - January 1 through December 31
Notes Actual Projected
Income Apr - Sep 18 Sep - Dec Total Notes
Individual Contributions 1,382.67 1,382.67
Group Contributions 1 4,734.79 4,734.79 1 - 40 Groups have contributed,
their average contribution = 118.37
Gifts in Kind 116.55 - 116.55
Total 6,234.01 - 6,234.01
Operating Expenses
Postage & Delivery 116.55 150.00 266.55
Office Supplies 50.00 50.00
Equalized Expense 2 2,137.00 2,687.10 4,824.10 2 - Equalized Expense is for
2022 and 2023 conferences (Actual)
D&O Insurance 1,000.00 1,000.00
Legal Fees 3 1,500.00 1,500.00 3 - Legal fees are to incorporate and apply
for non-profit status
Tax Preparation 4 - - 4 - Tax preparation in 2023 - this is a placeholder
Groups.IO fees 80.00 80.00 160.00
Credit Card Fees (GiveButter) 3.39 22.00 25.39
Domain Name Registration 5 30.00 30.00 5 - To purchase a URL for the Area
Website
Zoom Account 6 200.00 200.00
Webex Account (estimate) 6 700.00 700.00
Total Operating Expenses 2,336.94 6,419.10 8,756.04
Reserve Fund 6 2,189.01 2,189.01 7 - we would like to establish a 3 month
reserve fund, as
EXPENSES - Operating & Reserve 8,608.11 10,945.05 recommended by Guideline
G41 - Reserve Fund. This will need to
increase in subsequent years to 6 months.
Operating & Reserve Surplus (Deficit) 8 3,897.07 (4,711.04)
Reserve Fund Calculation
Operating Expense - 2022 8,756.04
Monthly Expense 729.67
3 month reserve fund 2,189.01
6 month reserve fund 4,378.02
6 - If we pay for Webex service for assemblies only for the months that we
use it,
and we pay a monthly fee for Zoom for smaller meetings, this is less
expensive
than using Webex for all meetings.