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Grex > Coop7 > #127: Cyberspace Communications Finances Through Oct. 31, 1995 |  |
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danr
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Cyberspace Communications Finances Through Oct. 31, 1995
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Nov 13 12:19 UTC 1995 |
Here is the treasurer's report on Cyberspace Communications, Inc.
finances through October 31, 1995.
General Fund
Beginning Balance $ 2948.03
Credits $ 815.25 membership dues
$ 12.00 t-shirts
$ 338.60 JCC Sale
$ 5.00 miscellaneous
Debits $- 108.00 Dungeon Rent, including $83 for
electricity
$- 20.00 Innovative Concepts phone line
$- 216.57 phone bill
$- 7.96 bank service charge
$- 11.59 bank service charges for July
and August
--------
Total $ 3754.76
Well, we obviously had a great month as far as income in October.
I'd like to think it was my pleading, but I think I'll attribute
it to the membership notice in the motd and the great work Rob
Argy put in at the JCC Sale.
Before we get all excited, however, this month dues are way down
again. To date, I've only collected $114 this month. So, if
you've been thinking about the perfect gift for that Grexer in
your life, might I suggest a membership? :-) I will give you
thanks, Valerie will give you thanks, and that special Grexer
will give you thanks.
Dues are still only $6/month or $60/year (still CHEAP!). Send
cash, checks, or money orders to:
Cyberspace Communications, Inc.
2113 Arborview Boulevard
Ann Arbor, MI 48103
Thanks!
ps. If you are joining for the first time and you're paying by
cash or money order, please, please, please include a photocopy
of some piece of identification. I can't add you to the
membership rolls if I don't receive this i.d. Thanks!
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| 28 responses total. |
srw
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response 1 of 28:
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Nov 14 04:20 UTC 1995 |
It is good to see an improvement in membership. We must sustain that as
we are investigating ways to improve the internet connection, which
is going to add to our regular expenses. We still need more members.
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nephi
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response 2 of 28:
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Nov 14 10:47 UTC 1995 |
Agora 105 is now linked to Coop 127.
Enjoy!
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popcorn
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response 3 of 28:
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Nov 14 16:33 UTC 1995 |
This response has been erased.
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srw
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response 4 of 28:
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Nov 17 08:18 UTC 1995 |
We seem to be back down to 98, as there have been some expirations. :-(
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lilmo
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response 5 of 28:
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Nov 17 18:24 UTC 1995 |
CAn aught be done about the bank service charges?
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danr
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response 6 of 28:
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Nov 17 21:14 UTC 1995 |
Not really. These are pretty standard charges for business accounts, and
there's no way we could qualify for a personal account.
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rcurl
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response 7 of 28:
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Nov 17 22:42 UTC 1995 |
There are banks that don't charge non-profit corporations for accounts.
I could dig up a name, if you want.
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danr
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response 8 of 28:
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Nov 18 01:08 UTC 1995 |
Any non-profit or just 501c3 corps? If we were 501c3, then our bank would
waive the charges.
It might be a good time to check into this as I'll be passing on the treasury
duties real soon now, and the new treasurer may want to use another bank.
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rcurl
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response 9 of 28:
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Nov 19 17:22 UTC 1995 |
Call around. The case that I just saw was a non-profit (but also 501(c)3)
that transferred to Comerica because they did not charge a fee.
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popcorn
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response 10 of 28:
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Nov 19 23:12 UTC 1995 |
This response has been erased.
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dpc
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response 11 of 28:
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Nov 23 01:13 UTC 1995 |
A really excellent trend on the memberships (and the bank balance)!
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mdw
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response 12 of 28:
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Nov 23 15:13 UTC 1995 |
I'd be more worried about the banks general level of service than the
service charge. It's really just another expense for a necessary
service, and it's reasonable for the bank to make money somehow.
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lilmo
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response 13 of 28:
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Nov 27 05:15 UTC 1995 |
I hadn't intended to make a big isssue of the fees, as they are not a
significant portion of our costs, but just to ask if there was anything easy
that could b edone.
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tsty
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response 14 of 28:
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Dec 1 04:50 UTC 1995 |
bank charges for service, while +perhjaps+ necessary (they make a money
in other ways), hae become exhorbitant - nearly extortionary, imnsho.
however, in a cartel environment, only mass and massive pressure will
allow the non-rich to "have" bank accounts. grex (and *many* of us) are
within the financial envirnment of "non-rich." maybe a bank account is
too rich for us.
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danr
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response 15 of 28:
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Dec 2 18:13 UTC 1995 |
Service charges are on the order of $4-$6 per month. I'd hardly call
that exorbitant.
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popcorn
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response 16 of 28:
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Dec 4 16:13 UTC 1995 |
This response has been erased.
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arthurp
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response 17 of 28:
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Dec 12 01:31 UTC 1995 |
I have a question. I expect that when I pay for 6 months, that
appears in the ledgers as $6 the first month, $6 the second month,
... That is right, isn't it? I was just wondering since the
money collected each month seems to jump up and down a lot.
(Oh, this is my first real response in case yer interrested.)
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gregc
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response 18 of 28:
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Dec 12 02:00 UTC 1995 |
No, Dan's finance statement for a given month shows the amount of cash
actually collected that month. If you pay for a $60 1-year membership in
July, then that entire $60 appears on July's finance total.
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davel
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response 19 of 28:
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Dec 12 02:10 UTC 1995 |
"cash basis accounting". You get income in a particular month, you get it
in that month - whatever it's *for*.
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jerryr
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response 20 of 28:
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Dec 12 03:09 UTC 1995 |
isn't there an obligation <another entry all together> for the unearned income
for future months?
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gregc
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response 21 of 28:
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Dec 12 04:18 UTC 1995 |
Huh?
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rcurl
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response 22 of 28:
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Dec 12 07:06 UTC 1995 |
Grex does deficit-finance, if that is what you mean jerryr. That is,
since Grex receives dues monthly, it owes future services but lives
off present income. If no one paid dues from this moment on,services
would still be owed to those that paid up to now. In organizations
that only have annual anniversary dues, they are implicity in debt for
six months income. It makes it very hard for larger organizations to
convert from anniversary dues to fixed (say, 1 Jan) annual dues. Of
course Grex does have some surplus funds, but none of them have been
specifically identified to cover this deficit.
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mdw
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response 23 of 28:
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Dec 12 08:28 UTC 1995 |
Err -- not quite. Grex doesn't "owe" any services, because memberships
aren't "fees" but rather "donations". The only particular real
obligation I can think of is the rental agreement, which has no direct
relationship to any service we might provide. There is nothing at all
that stops the membership from voting either to discontinue outgoing
telnet access as a membership perk, or deciding to give everyone telnet
access. In reality, neither is likely, but that is entirely a policy
issue, not a question of legal or financial obligation.
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arthurp
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response 24 of 28:
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Dec 12 08:42 UTC 1995 |
Well, then. The books are going to look good around the begining
of the year when I pay up through next year. ;)
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