Finance Committee

Recent Events
WAIA
Treasurer
and Finance
Reports

Thank you to all of those who submitted New Initiatives proposals. At the July 8 board meeting, based on the recommendation of the ad hoc committee and the executive committee, 8 proposals were passed. You can see the details of the new initiatives proposals here. In addition to new initiatives, we will be sending $10,000 to GSO.

Groups have asked why WAIA continues to need their support. It is important that WAIA continues to receive regular contributions to maintain our ongoing expenses for the office, phone lines and staff salaries. We have begun sending a new form similar to the one in the AA pamphlet “Where Money and Spirituality Mix” allowing groups more choices in how they distribute their funds and not suggesting the 60-30-10 split that WAIA had been using for decades.

We have also received questions about the financial health of the General Service Office (GSO). The full finance details are in their January quarterly report that was released in March. They did draw down on $4mn of reserves in 2020, but they have $12.2m in reserve still (7.74 months operating expenses roughly).

All AAs are invited to attend the next meeting April 28th @ 6pm of the Ad Hoc Committee to discuss WAIA use of funds. Recommendations will be presented during the August 2021 board meeting.

February 9: The board passed a motion to set WAIA’s prudent reserve to one year operating expenses.
Prudent Reserve Memo, 1/11/2021
Archive Committee Report on Prudent Reserve, 12/7/2021

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GSO Update, June 20, 2020: In an effort to keep the membership informed during this challenging time we would like to share a brief three-minute video update from Leslie Backus, the Class A (nonalcoholic) treasurer of our General Service Board.

The GSO average monthly expenses are $1.4m (supported in a typical month by $730k in literature sales and $670k in contributions). April was already down to $685k, with a shortfall of $700K. This gap is expected to continue for 3-4 months without a call to the fellowship for contributions.
[https://vimeo.com/430834698]
The full letter from GSO

May 17, 2020: Workshop Notes: Online Tools for Collecting Online/Virtual Contributions
Sample Treasurer Script
2021 Budget
(updated 3/8/2021)

2020 Final Budget

(Monthly P&L, Balance Sheet and Board reports)

June 8, 2021

May 11, 2021

April 13, 2021

March 9, 2021

February 9, 2021

January 12, 2021

2020 Monthly reports – Compiled






Resources for Treasurers

-New! SMF-223 – FAQ on Practicing the Seventh Tradition at Virtual Meetings
F-3 – Self-Support Where Money & Spirituality Mix
F-96 The AA Group Treasurer
MG-15 – AA Guidelines Finance
AA Tradition – How it Developed, Bill W. (Tradition 7 p8, 27-35) 
Traditions Checklist (Grapevine) 7th Tradition (p.3-4)

Digital Contributions Platform: This is a quick reference guide to various online digital payment platforms curated by the Intergroup serving San Francisco & Marin

This page is maintained by the WAIA Treasurer and Finance chair to share ideas and best practices for AA Treasurers in the Washington-DC metro area. If you have any questions or have items you’d like to see here, please email us at treasurer@dc-aa.org or finance@aa-dc.org.