RC Office Hours - Finance - 5/17/26

Group attendance: D
Outside attendance: S, P, L

Topics

• Getting people into RC Finance Consensus Signal group
• Fiscal Sponsor, etc.
  • Account balance and access
  • W9(?) status
    
  • Nonprofit consultation
• Floating Expenses
  
• Finance AC
  • Attrition
  • Workflow development
    • Better chart workflow
      

RC Finance Consensus Signal group representation:

Facilities
Tech
Basement
Finance
Sunday Dinner
Pantry
Programming
Kids Crafts
Fundraising & Grants
Yearbook
Liability
Writing Workshop

Fiscal Sponsorship

3 months since last account check

Monthly would be good, to catch problems (change in platform payouts, etc) before they become big problems.

S will meet w/sponsor and bring up monthly reconciliation

W9 status: good on both platforms

P reached out to M re: a consultation on process to gain nonprofit status

Floating Expenses

Made a page for potential expenses: https://wiki.commons.nyc/books/rc-finance-home/page/potential-expense-backlog

TODO/Done (P): follow up with M re nonprofit consultation
TODO/Done (P): Monkey followup
TODO: S to shadow finance operations - 
TODO: Shea monkworx meeting

Finance AC

Attrition

Since RC swap, finance has gone from 4 ppl to essentially 1.

S to shadow finance operations - potentially document current process?

Might be nice to create specifically scoped roles, eg:

• Monthly reporting
• Rent, bills, fines, reimbursement
• Reconciliation and data entry

Workflow development

Current workflow is functional, sophisticated, but possibly would be good to mimic established conventions?
L at BCF is an accountant, has been contacted by P for consult.

Chart workflow

Might be nice to have scripts which process CSV input and create standardized reporting graphics.