Funding Update 6.27.14

Greetings, Neighborhood Council Treasurers, Board Members, and stakeholders. The fiscal systems deadlines have now passed. It is now time to start looking at your 2014-15 Budget Packages and the new NC Checking Accounts. After what seemed like an endless litany of obstacles and challenges, the Union Bank NC Checking Accounts are now being opened and by July 1st all NC’s will have an account with their name on it. Make sure the Department has all of your information and a current bank application so that your Treasurer and Second Signer have access to these accounts right away. As discussed in the Funding Training (Click here view training), the Department will be depositing $4,000 seed money into each account to get you going on covering your operating costs. As your board votes to expend additional funds from these accounts, your Treasurer may request additional funds be added to your accounts. No more demand warrants, no more auto-deducts, the keys to your funds are now in your hands. Please refer to our website for critical guidelines and information on using these funds appropriately and tracking your expenses.

Best,

Armando Ruiz
Neighborhood Council Funding Program Director

IMPORTANT DATES / DEADLINES

• 10 days after your June NC Board Meeting – May Monthly Expenditure Reports due
• July 1, 2014 – Start of fiscal year 2014 – 2015 – Checking Accounts open

Union Bank Account Documents

In order for your NC to have a bank account opened, you must ensure that your Treasurer and 2nd Signer have completed all the necessary Union Bank documents. If you’ve had a change in Treasurer or 2nd Signer, you must complete new bank account documents by contacting the Funding Team right away.

2014-15 Budget Package

Please click here to review the 2014-2015 Budget Package instructions and requirements.

Full Funding Training Video Available

As further evidence of the awesomeness that is our Department staff, we’re proud to introduce a full Treasurer’s Training video now available on our website. Thanks to the video and technical expertise of Sevak Paramazian and Arin Abedian, this training has much better sound, visuals, and special effects. Jessica Pua, Kathleen Quinn, and the one and only Betty Wong Oyama will guide you through the intricacies of the funding program while you watch from the comfort of your own home, bed, hammock, whatever! Once the fun is over, make sure you follow the link to register your attendance and receive credit for your newly enhanced knowledge of funding practices.

By | 2017-01-09T12:32:29+00:00 June 27th, 2014|Blog, Neighborhood Council Funding|Comments Off on Funding Update 6.27.14