[sudo-discuss] [omni-finance] Invoice 2396 from Omni Commons

[Jenny Ryan]

Thanks, Sarah! Completely accurate on all counts.

These are automated invoices and it's been this way since 2014.

Sudo has $8,400 in the bank, thanks to some recent generous donations.

We officially owe Omni $20K in back rent.

What I think Sudo should do is:

- Requesting all back rent be forgiven due to the pandemic (see: FYE's
recent proposal);

- But also that half of the amount owed should be written off as a
work-trade amount for the labor cost of upgrading the building's
electrical (thank you Jake, Alex, yar, and others who've been working on
this!!) which I believe was quoted to us as somewhere between $7500-$10,000;

- Keep what's in our account ($8,400) for a cushion so we can begin to
pay again starting next month, and use the remaining funds to upgrade
the space (flooring, ventilation, etc) as we've been discussing for
awhile now;

- Work on membership recruitment, reactivation, and ensuring we're net
positive (raise monthly income from $1200 to at least $2200/month);

- We should also work with Noisebridge on a donor-matching fund, which
they've been very generously discussing, and raise something in the
realm of $20-50K for Omni as a whole;

- and ask for more money from Handshake :)

Would be great if some folks could take up the above proposals for
community discussion!

Much love,

Jenny

On 7/22/21 5:38 PM, Sarah Lockhart via finance wrote:
> As I understand it (and Jenny can correct me), these are automated.
> Since I started doing the bookkeeping, I haven't done anything about
> the invoicing as I didn't want to overstep, and I felt like I needed a
> specific "problem" to fix with regards to the invoicing. That is, if
> it is a problem. 
>
> What is shown is based on what's in the QBO system.. The "balance
> forward" is the total rent owed (including back rent). The "new
> charges" are the current rent -- I think it is for August -- so next
> month's rent, giving people 10 days in advance of the 1st of the month
> when Omni is supposed to make the mortgage payment for which these
> rents go towards.
>
> There is a bunch of money in Sudo's account at Unify that Omni has
> access to, but I felt like Finance needed authorization from Sudo to
> transfer it to one of Omni's general accounts and apply it to "back
> rent." Those funds are still Sudo's money. 
>
> Also, if Sudo would like some or all of the back rent waived (due to
> Covid) then it is my understanding that Finance supports that
> proposal, but a formal proposal would have to be made by someone from
> Sudo and submitted to delegates -- at least that was the consensus at
> the delegates meeting a month ago when I tried to get the back rent
> waived on Sudo's behalf.
>
> SL
>
> On Thu, Jul 22, 2021 at 2:25 PM Jake <jake at spaz.org
> <mailto:jake at spaz.org>> wrote:
>
>     These messages have been questioned many times and I think that
>     unless we can
>     confirm that the numbers are accurate, we need to turn these
>     messages off.
>
>     Who is aware of how these statements are calculated and sent out?
>
>     -jake
>
>     On Thu, 22 Jul 2021, Omni Commons wrote:
>
>     > Dear Sudo Room,
>     >
>     > Here's your invoice! We appreciate your prompt payment.
>     >
>     > Thank you for stewarding the commons.
>     >
>     > Love and solidarity,
>     > Omni Commons
>     >
>     >
>     >
>     >
>     >
>     >
>     > ---------------------------------- Invoice
>     ---------------------------------
>     >
>     >
>     > 4799 Shattuck Ave
>     > Oakland, CA  94609 US
>     > https://omnicommons.org <https://omnicommons.org>
>     >
>     > Invoice #:    2396
>     > Date:         08/01/2021
>     > Due Date:     08/25/2021
>     > Terms:        Net 25
>     > Amount Due:   $20,000.00
>     >
>     >
>     ----------------------------------------------------------------------------
>     > Bill To:
>     >
>     > Sudo Room
>     > 4799 Shattuck Ave
>     > Oakland, CA 94607
>     >
>     >
>     ----------------------------------------------------------------------------
>     >
>     > ****************************** Account Summary
>     *****************************
>     >
>     > 07/01/2021  Balance Forward                                 
>      $18,000.00
>     > Other payments and credits after 07/01/2021             0.00
>     > New charges (details below)                         2,000.00
>     > Total Amount Due (activity through 08/01/202       20,000.00
>     >
>     >
>     ****************************************************************************
>     >
>     > <u>     Date     </u><u>   Activity  </u><u>      Qty     
>     </u><u>      Rate     </u><u>       Amount      </u>
>     > 08/01/2021    Furnishing Fa       1           2,000.00     
>      2,000.00
>     >
>     ____________________________________________________________________________
>     > --------------------------------------
>     > Total Of New Charges:        $2,000.00
>     >
>     > Total Amount Due:           $20,000.00
>     >
>     >
>     > Greetings Sudo Room!
>     >
>     > This is your monthly donation invoice. Thank you for stewarding the
>     > commons!
>     >
>     > Love and solidarity,
>     > Omni Commons Finance Working Group
>     >
>     >
>     >
>     >
>     >
>     >
>     >
>     >
>     >
>
>
> _______________________________________________
> finance mailing list
> finance at lists.omnicommons.org
> https://omnicommons.org/lists/listinfo/finance
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