Executive Committee/August 7 2014
|Time:||7:40a – 8:00 am|
|Present:||Jamie Thinglestad, Sona Mehring, Adrienne Peirce|
Call to Order
Meeting was called to order at 7:40 am by Jamie Thinglestad.
Financials and Filings
Sona Mehring and Adrienne Peirce reviewed their meeting with Linda Nelson at Olsen Thielen. There has been great progress with standardizing the financial reporting.
Adrienne reviewed the Profit and Loss statement and the Balance Sheet for 2013. The only outstanding issue is to reconcile the Paypal account. There has been some access issues with the Paypal account. Adrienne will work with Ben Edwards to work out access issues. Sona will review what is the best type of Paypal account to establish moving forward for Minnestar.
The standardized reports of Profit & List summary, Profit and Loss by Class(event) and Balance Sheet will be presented at the next Board Meeting. The filing deadline for 990 and state filing will be extended until November 15, 2014.
Meeting was adjourned at 8:00am