Tue 22 Jan 2019 4:15AM

Managing your class/bucket

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Poll Created Tue 22 Jan 2019 4:17AM

Managing your class funds (bucket) Closed Sun 27 Jan 2019 4:02AM

That we adopt the sectionthat follows from the draft Dollars handbook.https://docs.google.com/document/d/18R3hCPvkIkmeQ2B2C4R9TLuklDf5Z_lXAgEmiYNtG4k/edit

Please go to the handbook to make any comments.
Managing Your Class funds
Part of self managing is keeping track of your dollars. To assist you with this, each month, on or around the 15th, every Jeder member who has current financial transactions will receive the following reports:

A Cash Report;
An Accrual Report, and
A Transaction Report.

By looking at the net income at the bottom of Cash report you will know how much is in your class. This is the amount available for you to draw wages and other expenses from. The Accrual report lets you know of how much will be in your class once income has been received for all current invoices.

It is also very important that you check the Transaction report every month. This is where you will be able to check if your invoices, claims and bills have been processed. If you notice that something is not right, notify Finance as soon as possible. We have had situations where invoices and or bills have been missed, or money has been added to the wrong class. If we do not hear from you, we may not know that there is anything wrong.

In the spirit of Self Management, it is your responsibility to monitor your class via the cash, accrual and transaction reports and ensure that you are operating with a credit balance at all times. It is not viable for Jeder to have multiple people with a deficit class for long periods of time as money is drawn from other people's classes to cover this.

If your expenses exceed your income it is reasonable to expect that then you cannot continue to be paid wages. The good news is that even if your wages cease temporarily, you do not have to leave Jeder and can remain connected.

There are limited circumstances in which Jeder acknowledge that a deficit class balance may be acceptable for a short period of time. The reason for the deficit determines the course of action.

All deficit class balances are included in the monthly Jeder board reports. A notification to the board is required if a deficit class balance occurs due as a result of:
invoice requests have been submitted but not yet generated
invoices have been issued to regular and reliable suppliers, but not yet paid.
a person first commences, and coaching/training expenses drawn from their class prior to income coming through. This cannot be to the value of more than $1000

Applications to the board can be made around situations not listed above and will be considered on a case by case basis and in a confidential manner. There needs to be a clear plan and commitments for when the deficit be rectified. This is in effect a loan from the organisation and is not encouraged. The Board will determine the terms of the loan and whether or not wages can be drawn against the deficit class during this time. The application form can be found here. Applications from members of the Board will go to the Dollars Jedi.
Leaving Jeder
At any time that you wish to exit Jeder, you can claim the remaining balance from your class once any outstanding expenses are covered. Any Long Service Leave or holiday leave accruals can also be paid out. If you leave with a class in deficit, you will be requested to pay back the deficit amount.


Results Option % of points Voters
Agree 100.0% 1 MD
Abstain 0.0% 0  
Disagree 0.0% 0  
Block 0.0% 0  
Undecided 0% 26 DB JE LD RE Y MH S R P DB DU RP SJ A LS NH O DU

1 of 27 people have participated (3%)