Hi @reef-finance
Thanks, @alberto for the answers. In this case, will send the questions to the notary as they stand here
Triodos questions - lets wait & ok for the poll.
Something important came up yesterday during the coordination meeting:
Thanks
There is still Lie‘s question on the qualified majority of SocSim‘s general assembly that we need to include in the questions to the notary. I had agreed with Sarah to translate it into French this weekend if you can wait until then.
I have inserted a profit loss statement for Q1 on slide 3, please have a look and let me know if any comments.
Hello @ugne
I’ve now inserted the final question for the notary on the qualified majority of SocSim. Thx!
Thank you, perfect. Just sent the questions!
Organization-wide:
Accounting => Reports => Profit and loss => Quarterly (direct link)
Team by team:
Work => Projects => Select the project => Expenses
For example, Finance: Log in to your FreeAgent account.
ok, got it
There is something i don’t understand. Is it possible that some of the expenses are not allocated to the teams? I have reviewed all the teams and all the expenses and the summary is here in our presentation
However, if you look at Richard’s slide - nr 3, only some of the expenses are reflected on my slides 4 & 5. However, there are quite many items that are not included. We need to put show them somehow. I meanly refer to those highlighted (example: rental is not under logistics…)
Hello @ugne , according to Freeagent, the consultancy fees are linked to team coordination. Rental of venues hasn’t been linked yet and I would think this should be Team logistics. Insurance also hasn’t been linked and I think it falls either within Team Finance or Team Building, perhaps sth. to discuss during the plenary?
Yes, very possible. Easy to fix, though.
This is a long-standing discussion. So-called “general expenses” are, well, general, and do not fit neatly into a structure by teams. Insurance (a legal obligation, we cannot not have it) is a great example. Also, there is no reason for every single expenditure to be allocated to a team. We do budgets for reasons of team accountability; but still, as members, we remain accountable for the whole ASBL’s financial equilibrium. In fact, formal obligations concern solely the whole, rather than the teams. Why not start the presentation with the organization-wide numbers, then move to teams presentations?
I think it’s a luxury to bring this to the plenary. We can say this is under discussion and simply agree with the teambuilding. I think it should probably fall under team finance & legal.
Totally agree. Could we have a bucket called “general expenses”, then? If i understand correcty, what is important for the group is
Hello @reef-finance and @ugne,
There’s a lot of things going on, and there will be a lot of proposals that need to be presented and then consented to. As we can no longer afford to lose any time, I was wondering whether you’d be willing to put an indicative estimate on when you’ll be proposing which topics.
The topics that I think we need to cover shortly:
The missing money (site & architects bill): bank loan or intra-group lending => proposal: what will we do, how will the cost of capital be covered?
Newcomers buying in their share: how much will newcomers pay for the site, and to whom?
The 2-4% mark-up: which percentage, starting when, plus how will the extra money be linked to the cost of capital of the missing money?
Société simple: final tweaks to the statutes
Société simple: Board selection
Valuation method for the units
Financial risk mitigation contract
The options for the dates are in the agenda document (saved in Team Reef: Login – Nextcloud), in a nutshell it’s 29/08, 15/09, 19/09, 30/09 and 15/10.
Can you please let me know when you could be presenting which topics? TIA!
Hello Lee, below my humble thoughts, to be completed by Ugne and Alberto 
:
Thanks Richard, great update. Nothing to add, except:
I don’t even understand this. Does it mean the accord préalable?
Ok, so live chat caught up with this topic. The most up-to-date conclusions are in the “bilateral with Ugne” document.
On another topic: the mighty @Christian would like to join Team Finance & Legal, so I added him to your group tag.
hi @reef-finance (don’t know where to put this message).
I would like to leave team finance. I still want to be the link between team building and team finance, but i don’t think it’s necessary to be part of team finance for that
If needed I am always willing to come to Team Finance meetings as a special guest, if you need some explaining concerning certain topics/info
I prefer to stay in your signal group so i can keep you informed about more urgent things, I don’t know if it’s better to stay in the team-finance group on ER, i leave it up to you to decide that…
If you could just let me know how i best inform you: tagging you on ER and/or message in signal group (when more urgent/important), or should i contact ugne privately or meet up with ugne once in a while?
ps for the topic of the insurance for the board members of the sosim that was assigned to me. Can you assign somebody else to it. If you have questions, don’t hesitate to see me.
ps 2 : i am still ok to take up things related to the FS-file (price calculation). In a couple of months this won’t be relevant any more as we will have the final prices. Linked to that is also the simulation file giving a total simulated amount for a unit. I am working currently on a new one, where you can add a 2 or 4 % markup, where the weighing factors are taking into account, where you choose a unit rather a certain amount of brut m2. It’s almost finished, just need to update it with the sizes of the units, and the weighing factors…
Noted. FWIW, I approve. You are the only person on both the heavy duty teams, and it is not fair on you. Thank you for stepping in when it was needed, TeamFin can take it fron here (we’d better be able to).