Final MEI checklist, any post event business? |
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Final MEI checklist, any post event business? |
VaccaRabite |
Apr 27 2009, 04:26 PM
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#1
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En Garde! Group: Admin Posts: 13,450 Joined: 15-December 03 From: Dallastown, PA Member No.: 1,435 Region Association: MidAtlantic Region |
We need to get the final $ and attendance numbers from Mike (who is now slammed - let me know if you need help with this).
We will need to set up an account to store funds for future events. And we need to let Jim know that its time to start the planning for ECC 2009 in VA. For accounts, there are several ways we could do it (listed in order of accountability): 1) Someone just sets up the account, but has to be on point to maintain it. 2) We ask World to become trustee for the funds for east coast events 3) We start an LLC (or non-profit equivelent) and they keep the funds. Ideas? Zach |
VaccaRabite |
Apr 28 2009, 07:02 AM
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#2
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En Garde! Group: Admin Posts: 13,450 Joined: 15-December 03 From: Dallastown, PA Member No.: 1,435 Region Association: MidAtlantic Region |
Assets:
Total Paid = 44 Gross income = 1735 Liabilities: Total # attended = 45 Spot fee = $160 Dinner = $1237 Tip = $118 Tax = $56 Current Liabilities = 1571 Possible Liabilities: No Show Refunds = 155 Banner costs = 100 Total liabilities = 1826 Total Income: -91 Total # showed and didn’t pay = 3 ($150 short) Total Income if we collect unpaid: 59 Total income if we collect unpaid and do not issue refunds: 214 Total Income if we don't collect unpaid and do not issue refunds: 64 Even though I would be in line for a refund if they were given, I do not think that we should give them. That sets a very dangerous precedent that could cause huge losses for the event planers in the event of bad weather or poor turnout. Zach |
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