2020-06-25 Hypha Worker Co-op: Finance

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Time: 12-1pm ET
Location: https://link.hypha.coop/calls
Attending: bl, yj
Cultivator: yj
Notetaker: bl

Agenda

Item	Time (min)
Personal Checkins	5
Announcements	5
Task Board Review	15
Discussions	30
Process Checkout	5

Notes

Personal Checkins

• Long check-in about Meet.coop, Toronto Mesh, medical facilities

Announcements

• none

Task Board Review

• Review DONE tasks
  • …
• Review [priority-★★★] [priority-★★☆] [priority-★☆☆] [priority-none]
  • #261 COVID-19 financial support closed
  • #278 member loan emergency credt -> backlog
  • #250 hiring process -> untag Finance
  • #306 Receive payment without invoice -> closed

Discussions

• Year-end June 30 prep
  • #todo bl: email bylaws to Hema and Rodica and initiate year-end process
    • ask them what we need to do
  • #todo yj: we have fiscal year-end on the 30th, so July 31st we have to file for latest, from May 15 to June 30, yj has access code (in passbolt)
    • answer No to everything
    • enter some numbers from worksheet (bl: QB should spit these out)
    • pay
  • we don’t have to involve accountants
• Quickbooks update
  • Receive invoices & match outgoing payments
  • Wagepoint integration -> save us time
  • Multi-currency -> USD bills (save us time)
  • Now we may also be able to integrate TransferWise with QB
  • #todo bl: document on the “upgrade finance tools” issue and bring up at next meeting
• Next year budget
  • ask each WG to budget for next year [ small, medium, big ] (with justification)
  • finance to forecast (revenues - core operation budget), then solicit feedback on loomio
  • propose plans, with revenue milestones, then vote
  • this will happen in parallel with strategic planning by bizdev
  • #todo bl: make issue

Process Checkout

• …

Action Items for Cultivator

• Migrate items with #todo:person to task board
• Publish meeting notes as
  • business-planning: open access, or publicly indexed with restricted access
  • finance: open access, or publicly indexed with restricted access
  • governance: open access, or publicly indexed with restricted access
  • infrastructure: open access, or publicly indexed with restricted access
  • operations: open access, or publicly indexed with restricted access
• Reset meeting pad for next meeting

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