Set up Bank Account: Wednesday August 1st, 2007
- to date all banking transactions have happened through M3F - Marshall McLuhan CSS account
- in addition any immediate financial needs have gone through c.madeira (CEO of M3F)
- by August 30 2007 - financial statements will be written and an outline of expenses for the new fiscal year will be completed (budgets for committee)
- The Budgets will be organized based on M3F Yearly Events
Location of Banking Institution: Royal Bank of Canada (2 Bloor Street; 2nd Floor, Toronto, Ontario M4W 1A8)
Time of Meeting: 2 pm - 3 pm
Business Services Representative: Claudio Conforti (New Accounts)
claudio.conforti@rbc.com
416 974 7713
Documentation to Bring:
1. Not For Profit Registration (M3F incorp.) documentation
2. 2 pieces of ID (one photo, one credit (not health card).
3. Signers (four have to go done to bank to sign):
- Claude Galipeau (Chairman of the Board and President)
- Cheryl Madeira (Chief Executive Officer)
- Linda Roy (Principal of Marshall McLuhan CSS); Executive Board
- Dianne Schwalm (Vice President - absent at this time)
4. Accounting:
Not-For-Profit:
3.75 / month
$10000 cash deposit (up to)...
Total: Cash deposit (transactions $15000 - 20000)
Cash - 6000; chequs 70000
- note T3S - cheques of teachers
- note fundraiser cheques of attendees
$17.00 for the year - up to $50.00 fee
Credit Account (Apply Visa)
- mininum business $10000 - based on personal line of credit of signers
- Co card (4 signers)
Banking On line (yes)
Account Open - Batch Cheques (100) for the year - certified if necessary cost? ___
Client Card (one sign) - agreement resolution additional
2 signature on cheque
One statement goes to?
CEO for financial statements (year end)
Bank Statements can be used as financial statement