Money Handling Policy
Here are the proposed procedures for handling money:
- Julia does fundraising.
- Marcin spends it with a credit card or check book on project development.
- Any expenditures above a set amount (to be determined by May 1st) require the approval of a board member (individual to be identified by May 1st) and Marcin.
- Online all the transactions are recorded by an annotation.
- Entire month report is published on the wiki.
- Full budget is published
- Budget is broken down by project
- Each project is broken down by materials, design cost, prototype cost, documentation cost, any overhead, etc.
- Full budget meets monthly and quarterly reports
Adrian - is this acceptable?