[Global_chapter_committee] Fixed Assets and Equipment

Kate Hartmann kate.hartmann at owasp.org
Wed Jul 13 15:09:54 EDT 2011


We have recently had several requests from local chapters on reimbursement
of equipment, projectors, laptops, video equipment, etc.  These items are
considered fixed assets, and should be tracked by the foundation.  Even
though the essentially belong to the chapter, by allocating and tracking
them at the Foundation level, the accountability of the expense rests at the
foundation level.  The local chapter would then "donate" the cost of the
equipment back to the Foundation.

 

I am not an accountant, and we will be checking with our current accountants
on the process, but wanted to run this past the Chapter Committee for their
nod.

 

Kate Hartmann

Operations Director

301-275-9403

www.owasp.org <http://www.owasp.org/>  

Skype:  Kate.hartmann1

 

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