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# System prepended metadata

title: Social.coop Finance Working Group meeting minutes (2022.08.11)

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# Social.coop Finance Working Group meeting minutes (2022.08.11)

Rough agenda:

* How does the money look? Should we doing more or less with it?
* Revisit the approvals process—automation, discussion, documentation
* Communication and coordination with other working groups
* Scheduling regular meetings (quarterly?)


Present: Caitlin, Nathan, Leo, Josh

## State of the budget

* We are looking at a few thousand pounds/year extra
    * in the past year, we're raising ~5k, spending about ~3k
* We have more money than we need. What could we do with excess?
    * Leo: How about marketing, attracting new members? Sponsorships
    * Josh: Should we aim to hold a year's worth of operating expenses on hand?
    * Leo: Other services we could buy for members
    * Nathan: Pay our working groups better?

Action item: Leo will initiate a co-op-wide discussion about what could be done with ~1k of excess annual funds.

## Approvals process

* Got Josh on the system for Open Collective so he can see the expenses
* Generally good with the approvals process

## Coordination with other working groups

* Leo: Maybe we need to do more to encourage people to join working groups, and more communication and coordination among working groups
* Josh: CWG Compensation Log https://docs.google.com/spreadsheets/d/1QJTAcpOuEnliaHvb4fxIy_TxowBepv4EyOsJD4ZLgZE/edit?usp=sharing 

## Next meetings

At our September 7 meeting, we will discuss quarterly meetings going forward.