Difference between revisions of "Taking out loans for Free Geek"
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* When Free Geek takes out a loan, the amount of the loan and the terms on which it was taken should be made clear to all collective members. | * When Free Geek takes out a loan, the amount of the loan and the terms on which it was taken should be made clear to all collective members. | ||
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* Before the loan is approved, the staff must specify what the money may be used for. | * Before the loan is approved, the staff must specify what the money may be used for. | ||
* Before the loan is approved, the staff must outline a plan for repayment of the loan. | * Before the loan is approved, the staff must outline a plan for repayment of the loan. | ||
| − | * The board must approve loans. It's [[ | + | * The board must approve loans. It's [[Free Geek Bylaws|in the bylaws]]. |
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[[Category: C7]] | [[Category: C7]] | ||
[[Category:Bylaws]] | [[Category:Bylaws]] | ||
| + | [[Category:Accounting]] | ||
| + | [[Category:Fundraising]] | ||
Latest revision as of 18:33, 6 July 2010
This is a page concerning a policy or procedure in development.
Once fleshed out, we'll consider it for adoption as official policy at Free Geek.
- When Free Geek takes out a loan, the amount of the loan and the terms on which it was taken should be made clear to all collective members.
- The money from the loan should be tracked in an account in the books so that it is clear what the money is spent on.
- Before the loan is approved, the staff must specify what the money may be used for.
- Before the loan is approved, the staff must outline a plan for repayment of the loan.
- The board must approve loans. It's in the bylaws.