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MUTA 2014HATTIESBURG, MS

P r e s e n t e d a t G A B U M

Financial Overview/ Accomplishments

Created by O’Shea Diwa, MUTA Treasurer - Term begin 8/2012

4/2/14

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MUTA Functional Organizational Chart

MUTAPresiden

t

Vice Presiden

t

Secretary

Treasurer

Women’s Forum

Treasurer

Secretary

Health Fair

Chairman

Youth

Secretary

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Doing Business As Setting up Account

Open a DBA account MUTA By Laws must reflect

Women’s Forum Example of account setup: Line 1 – Mutual Union of Tiv

in America (MUTA) Line 2 – DBA Women’s

Forum (WF) Line 3 – Expense

Signature card with WF Treasurer WF President MUTA Treasure – optional

(safeguard)

Line 1 - must contain the name of the Corporation

Line 2 - must contain the description of “DBA”

Line 3 - must contain the description and purpose of the organization

Financial Structure for Women’s Forum – Option Based on Bank of America banking services

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Online Transactions Benefit

PayPal Fees - % is based on

donation/payment amount

Square Fees - % is based on

donation/payment amount

Email group setup for online transaction Exco – members only

Members can pay in advance via website

Receive direct funds into the account at the time of the convention

Reduce risk of bank fees for returned checks

Technology Update

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Bank visit in Nigeria On May 23,2013

Outstanding Task

Added the MUTA Treasure to the account Treasure signed the signature

card Next step Audit the account Create report history of

transactions Debits/CreditsPresident setup the

Online Banking Reviewed Banking

transactions Task with sending the Login

and Password to the Treasure

Audit the accountReconcile any

payments owedPresident account

became locked Due to forgetting

password Unable to give to the

Treasure access to the account via ‘Online’

First National Bank of Nigeria

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Accomplishments

Audit the bank history and account access 2009 – added 3 people with full access to the account 2010- added 3 additional names to the account for full access 2011- added 3 additional names to the account for full access 2012 – 2 names were added to the account for full access VP & Treasurer

2012 – I removed 8 names that were previously added to the account Current access, Treasure – O’. Diwa, VP – J. Zume and President – J. Unogo

Visited First National Bank of Nigeria with the President and was added to the account for financial audit and reporting

Online Transactions - re-validated setup to ensure it is linked to MUTA’s Bank of America business account

Created an email address to provide complete transparency during my tenure and with the new treasurer going forward.

Recommended the EXCO committee set pre-scheduled standing meetings.