Board Proposal 025
Sponsor: Brian Adams
Co-Sponsor:
Status: On Agenda 11/18/2014

Establish a standing “Finance Committee” consisting of no fewer than three and no more than five members. At least three members of the finance committee shall be sitting board members of Lansing Makers Network.

The Board President and Treasurer of Lansing Makers Network shall be de facto members of this committee.

The Finance Committee charge and responsibilities:

• Develop an annual operating budget.
• Approve the budget within the finance committee.
• Monitor adherence to the budget.
• Set long-range financial goals along with funding strategies to achieve them.
• Develop multi-year operating budgets that integrate strategic plan objectives and initiatives.
• Present all financial goals and proposals to the board of directors for approval.

• Develop useful and readable report formats.
• Present the financial reports to the full board in advance of each regular board meeting.

• Create, approve, and update (as necessary) policies that help ensure the assets of the organization are protected.
• Ensure policies and procedures for financial transactions are documented in a manual, and the manual is reviewed annually, and updated as necessary.
• Ensure approved financial policies and procedures are being followed.

Board Proposal 032
Sponsor: Rosangela Canino-Koning
Co-Sponsor:
Status:

Establish zone wardens responsible for creating and maintaining individual work areas within the Lansing Makers Network space. Each warden shall be responsible for one work area.

Zone Warden charges and responsibilities:

* Develop an annual budget for individual spaces. * Collaborate with the finance committee in developing a budget for individual work areas. * Monitor adherence to the budget within the work areas.

* Develop and maintain basic training classes for the equipment in the individual work areas. * Supervise teaching of basic training classes and other classes involving individual work areas.

* Lead a committee composed of no less than three members to maintain individual work areas, including cleaning, repair, organization, layout, and upgrades.

* Present a report to the board about the state of each individual work area at each board meeting.