Motion to transfer funds to OWASP's new bank accounts
Background OWASP is in the process of changing its finances to a new bank. The new bank accounts have been opened, and need to be funded within 30 days or otherwise fees will apply. This motion is to transfer seed funds from the old bank to the new bank. In particular, $250,000 from a Citizens money market account to the new checking account, and $50,000 to the new savings account. Once we have fully adopted Charity CFO, Citizens will be closed and all funds transferred to the new bank. This motion is solely to transfer seed funds to the new bank, not to close Citizens at this time.
Motion: "Resolved, that the Board of Directors authorizes the transfer of $250,000 from the Citizens checking account to the new Chase checking account, and $50,000 from the Citizens savings account to the new Chase savings account."
Sponsor: Bil Corry Second: Grant Ongers
- Matt - Yes
- Bil - Yes
- Avi - Yes
- Glenn - yes
- Vandana - Yes
- Grant - Yes
PASSES 6-0
Motion: is to transfer seed funds from the old bank to the new bank. In particular, \$250,000 from a Citizens money market account to the new checking account, and \$50,000 to the new savings account. Once we have fully adopted Charity CFO, Citizens will be closed and all funds transferred to the new bank. This motion is solely to transfer seed funds to the new bank, not to close Citizens at this time. **Motion:** "Resolved, that the Board of Directors authorizes the transfer of \$250,000 from the Citizens checking account to the new Chase checking account, and \$50,000 from the Citizens savings account to the new Chase savings account.
Sponsor: Bil Corry · Second: Grant Ongers
- Matt: YES
- Bil: YES
- Avi: YES
- Glenn: YES
- Vandana: YES
- Grant: YES
Slack