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
Hello Paul,
Â
ÂI 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.ÂWhen used it shows up as part of the checking acct. activity, we
do not receive a separate credit card
statementÂ(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?
Â
Clay, would you share with us how another group handles this?
Â
Christine