Cohousing-L Mailing List: Re: Tax implications for collecting money for community dinners

[Jude Foster (foster.jude]

About the $ for community meals:
For many years, we had the community meals program set up as a “Meal Club” 
separated out but within our Quickbooks bookkeeping system.   Participants were 
invoiced along with their dues.   But these funds did not count as income, and 
did not appear in a budget vs actuals statement.  That is one way to do it.

Just this winter, as our community meals program is shifting to a more flexible 
system, we on the Treasury team have asked that the meals be taken out of our 
HOA bank accounts altogether.  The coordinator is setting up a separate 
checking account.  It will be simple, clean and clear, not tangled into larger 
community funds, and those random small meals deposits will be eliminated.  I 
am relieved.

Jude 
Trillium Hollow, Portland Oregon  - almost 20 years now