Cohousing-L Mailing List: Re: unqualified expenditures

[Elizabeth Stevenson (tamgoddess]

We have a separate club that we all belong to, with a separate checking 
account, into which goes everything that might look like a profit. It's
called. SPUDS, Southside Park Urban Dining Society, and we have our meal
money in there as well as money for laundry and babysitting, and other
stuff.


--
Liz Stevenson
Southside Park Cohousing
Sacramento, California

tamgoddess [at] home.com
http://members.home.net/southsideparkcohousing

----------
>From: "Sheehan, Chris" <Chris.Sheehan [at] moltech.com>
>To: "'cohousing-l [at] cohousing.org'" <cohousing-l [at] cohousing.org>
>Subject: [C-L]_unqualified expenditures
>Date: Wed, May 23, 2001, 8:17 PM
>

> From Chris at Sonora Cohousing in Tucson,
>
> What do other groups in the US do about expenses and income for such things
> that are taboo for federal taxes (babysitting, kitchen programs, yearly
> Cohousing Network membership, etc)?  I was thinking of just opening a
> checking account in one of the members names (or several) instead creating a
> for profit division, etc..
>
> We are also planning on TIPS US series 1 savings bonds for long term
> investments and a money market account for fluid cash for the HOA.
>
> Any comments?
>
> Chris Sheehan
>
> Our turf was put in a week ago, our Pebbletec (sandy look) pool surface was
> put in yesterday and we hope to be swimming Friday afternoon.
>
> Have a good holiday and go Coulthard in Monaco!  (I suppose there aren't
> many F1 fans in cohousing)
>
>
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