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Christine,
The agency I am on the BOD of uses actual credit cards, not debit cards. We set very specific limits to the cards and they must be approved by the BOD and reviewed monthly by the agency and the BOD treasurer. My concern stems from an experience with another agency where the treasurer embezzled money. I am not trying to say anything other than the club needs to protect itself and the membership. I would hope we have the debit/credit card process on paper and well controlled. What I am seeing so far would indicate we may have some work to do to get there. Clay Clay Hess 787 Fuselage Systems Integration Manager and Team Leader 425-931-4322 From: gsas-board-bounces@thekrib.com <gsas-board-bounces@thekrib.com> To: GSAS board members and alumni <gsas-board@thekrib.com> Sent: Mon Jan 11 09:37:11 2010 Subject: [GSAS-board] cards I am not in possession of a card for GSAS, as far as I was told when taking over the treasurer job these are debit cards, not credit cards. When used it shows up as part of the checking acct. activity, we do not receive a separate credit card statement (I think that means the "limit" is the balance in the checking acct.) I would be happy to call the bank and find out. Or Susan, do you remember any of the nitty gritty details? Clay, would you share with us how another group handles this? Christine |
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