Finance Committee Meeting - Wed, October 19, 6:30pm – 9:00pm

Finance Committee Meeting - Wed, October 19, 6:30pm – 9:00pm Nov 1, 2016 12:01:36 GMT -7

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GLFPC Finance Meeting Summary of Oct. 19th, 2016 Now Available

Key Points include:

Although attempted, budget planning for the 2017 GLA Draft Budget was noticeably handicapped due to the absence of accurate records. Having already been board-approved, monthly financial reports for at least the last year have proven to be inaccurate. These financials are in the process of being “recreated” according to standard accounting practices, as required by nonprofit corporate law.
None of the GLA committees had prepared their specific budgets for this important Finance Committee meeting. All efforts to expedite the GLA 2017 Draft Budget were sidelined, as figures were essentially “pulled out of the air.”

Download the entire meeting summary by scrolling to the link at the beginning of this thread

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