Re: [GSAS-board] cards

["Hess, Clay A" <clay.a.hess@boeing.com>]

Thanks Roy.  I am anxious to hear the outcome of this. 

Clay


Clay Hess
787 Fuselage Systems Integration Manager and Team Leader
425-931-4322

----- Original Message -----
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 11:34:36 2010
Subject: Re: [GSAS-board] cards

Clay, Paul, Erik, et al,

These are all good points with regard to the control and security of our
club's finances.  I will bring this issue up at the board meeting.  We
should know:

1)  How many cards have been issued; and are they are all accounted for?
2)  I believe Erik is correct; there is no limit on debit cards other than
the amount in the account.  It may not a huge problem if there is only a few
hundred dollars in the account but as the amount in the account grows so
does the possible loss if a card is stolen; the account and pin number is
compromised, or if the card is misplaced.  If we cannot get limits put on
the cards, what are our options?  Maybe Christine can check with the bank.

Clay, I thank you for bringing this issue to the attention of the Board.

Roy
 

-----Original Message-----
From: gsas-board-bounces@thekrib.com [mailto:gsas-board-bounces@thekrib.com]
On Behalf Of Erik Olson
Sent: Monday, January 11, 2010 10:31 AM
To: GSAS board members and alumni
Subject: Re: [GSAS-board] cards

Side note: debit mastercards/visas can actually be worse than credit cards 
in certain situations.  Many of them have no actual limit -- the limit is 
whatever is in tyhe bank account... which means that if the card is 
stolen, the entire account can be drained.  Might ask the bank if they can 
impose a limit on the card...

   - Erik


On Mon, 11 Jan 2010, Hess, Clay A wrote:

> 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
> 
>

-- 
Erik Olson                                                        Sent from
my crusty old Linux box
erik at thekrib dot com

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