[Global_chapter_committee] Fixed Assets and Equipment

Sarah Baso sarah.baso at owasp.org
Wed Jul 13 15:29:58 EDT 2011


Ok. We will put it on the agenda.

Sarah

On Wed, Jul 13, 2011 at 2:20 PM, Kate Hartmann <kate.hartmann at owasp.org>wrote:

> Actually, I’d rather have an absence of objections rather than “approval”*
> ***
>
> ** **
>
> Essentially, the goal is to process requests for reimbursement on capital
> expenses by allocating the purchase as a fixed asset cost to the foundation,
> since local chapters do not fill out tax returns.  The local chapter retains
> possession of the equipment.****
>
> ** **
>
> Of course, M. Chalmers brought up the scenario where the local chapter
> would donate computers to a local school with their funds.  That’s ok too,
> but would, of course, be handled differently.****
>
> ** **
>
> Kate Hartmann****
>
> Operations Director****
>
> 301-275-9403****
>
> www.owasp.org ****
>
> Skype:  Kate.hartmann1****
>
> ** **
>
> *From:* Sarah Baso [mailto:sarah.baso at owasp.org]
> *Sent:* Wednesday, July 13, 2011 3:14 PM
> *To:* Kate Hartmann
> *Cc:* global_chapter_committee at lists.owasp.org; alison.shrader at owasp.org
> *Subject:* Re: [Global_chapter_committee] Fixed Assets and Equipment****
>
> ** **
>
> We can cover this in our global chapter committee meetings next week. What
> exactly are you asking for their "approval" on?  That it is ok for local
> chapters to purchase (with chapter funds) fixed assets such as equipment,
> projectors, laptops, and video equipment?****
>
> ** **
>
> --Sarah****
>
> On Wed, Jul 13, 2011 at 2:09 PM, Kate Hartmann <kate.hartmann at owasp.org>
> wrote:****
>
> 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 ****
>
> Skype:  Kate.hartmann1****
>
>  ****
>
>
> _______________________________________________
> Global_chapter_committee mailing list
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> https://lists.owasp.org/mailman/listinfo/global_chapter_committee****
>
>
>
>
> --
> Dir: 312-869-2779****
>
> skype: sarah.baso****
>
> ** **
>



-- 
Dir: 312-869-2779
skype: sarah.baso
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