Finance Working Group: Difference between revisions

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{{Working Group
{{Working Group
|Description=The Finance Working Group handles the finances!!!
|Description=The Finance Working Group handles the finances including payments, reimbursements, and community contributions (in coordination with our fiscal host).
|Members=Caitlin Waddick, Josh Davis, Leo Sammallahti, Nathan Schneider, Matthew Cropp
|Members=Caitlin Waddick, Josh Davis, Andrew Escobar
}}
}}
The Finance Working Group primarily operates [https://www.loomio.org/socialcoop-finance-working-group/ on Loomio].
The Finance Working Group primarily operates [https://www.loomio.org/socialcoop-finance-working-group/ on Loomio].
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= Current members =
= Current members =


* Caitlin Waddick (@CaitlinWaddick@Social.Coop)
* Andrew Escobar · [https://social.coop/@andrewe @andrewe]
* Josh Davis (@GuerillaOntologist)
* Caitlin Waddick · [https://social.coop/@CaitlinWaddick @CaitlinWaddick]
* Leo Sammallahti (@LeoSammallahti)
* Josh Davis · [https://social.coop/@GuerillaOntologist @GuerillaOntologist]
* Nathan Schneider (@ntnsndr)
* Matthew Cropp (@MattCropp)


= Basic info =
We are eager for new members to join. If you are interested in joining the working group, please reach out to any of us on Social.coop.
A simple [https://docs.google.com/spreadsheets/d/1nbMWrX20tnBAVhUGVBwl1lKcx7H5Lha1QRS5dViVN1Q/edit?usp=sharing budget spreadsheet] for our project to keep track of what our regular outlays are.


[https://opencollective.com/socialcoop Our Open Collective], to see what the current "cash on hand" and income of the co-op is.
= Financial Reporting and Expenses =


The portion of the social.coop bylaws governing the disbursement of funds:
* [https://opencollective.com/socialcoop Open Collective profile]: current balance and income
 
* [https://opencollective.com/socialcoop Open Collective expenses]: submitted and approved expenses
= Submitting expenses =
* [https://www.loomio.org/socialcoop-finance-working-group/ Loomio]: annual budgets and financial reporting
Social.coop is run through a system of open contributions. There are no employees, but the cooperative strives for fair and sustainable remuneration for its contributors.
* [[Submitting an expense|A guide to submitting expenses]]: reimbursement or stipend payments
 
The procedure for paying contributors and expenses is as follows:
 
A member makes a proposal in the finance group (with the Title labeled EXPENSE), detailing either:
 
* work to be done, the expected timeline, and the contributor's qualifications, and the cost (in USD)
* a service to be acquired, details about the provider, its benefits over alternatives, and the cost
* a donation to be made to an external open-source developer or collective, the work they do that benefits Social.coop members, and a proposed amount
 
If that proposal passes, the member may proceed. They may post an invoice to OpenCollective, with a link back to the relevant Loomio thread, for up to one half of the total amount.
 
When the work is complete (or equivalent), the member must post a follow-up proposal (with the Title labeled INVOICE, in the same thread as the EXPENSE), including details demonstrating the work done or service obtained
 
The contributor should post the expense to the OpenCollective page with a link back to the relevant Loomio thread.
 
Once passed, the expense is approved by an OpenCollective admin, and the contributor is paid within two weeks, or as soon as the OpenCollective account has sufficient balance
 
While general budgeting decisions are expected to be passed in the full group, all members are invited to monitor the finance group, and to join if they wish to participate in maintaining accountability.


[[Category:Working Group]]
[[Category:Working Group]]

Latest revision as of 18:47, 16 October 2025

Description The Finance Working Group handles the finances including payments, reimbursements, and community contributions (in coordination with our fiscal host).
Members Caitlin Waddick, Josh Davis, Andrew Escobar

The Finance Working Group primarily operates on Loomio.

Current members

We are eager for new members to join. If you are interested in joining the working group, please reach out to any of us on Social.coop.

Financial Reporting and Expenses

Retrieved from "https://wiki.social.coop/index.php?title=Finance_Working_Group&oldid=338"