Tag: Finances
Post 15 – Trial – Anita Serda (concluding thoughts)
Pg. 260 Smith “When you were active with the board, did you feel that the fundraising that you did was sufficient to continue to maintain the organization?” Serda “We needed to do a lot more.” Smith “Where were those expenses, where was the difference?” Serda “Where was the difference?” Smith “You said you needed to do a lot more. Why?” Serda “Well, just for operating expenses.” Smith “So your expenses were exceeding what you were bringing in?” Serda “Some Years.” Continue reading…
Post 13 – Trial – Anita Serda (part 6)
Anita Serda, Festival, Finances, Fundraising, Gift Cards, PHCA, Toledo Community Foundation, Treasurer, VisalusPg. 236 Anderson “During the time you were there, were they doing pretty consistent draws off the endowment fund to help allay the costs?” Serda “When I was still involved, we did that on an annual basis.” Continue reading…
Post 12 – Trial – Anita Serda (part 5)
The May 20, 2012 board meeting was the date Jason made a motion that the board ceases to pay any employees on June 7th unless by event to preserve expenses or until proper funds are raised to continue operating indefinitely. The board voted in favor. Continue reading…
Post 11 – Trial – Anita Serda (part 4)
According to the records, as of September 2012, the PHCA had a loss of $26,481.84. In that very same meeting, the meeting minutes state “Committees will be receiving 10%, for example, we receive a $100 donation each committee will receive 10% and the general fund will receive 60%. A. Beautification & Safety B. Education & Programming C. Medical clinic 1. We will help them as needed for supplies and so forth. D. Festival” Continue reading…
Post 10 – Trial – Anita Serda (part 3)
Ms. Serda again deflects responsibility. The truth is that her daughter had a $42,000 salary. Anita received thousands of dollars to organize a festival and her son had access to a classroom at the community center to use as a dance studio. Continue reading…
Post 9 – Trial – Anita Serda (part 2)
“He was voted in as treasurer of the organization.” Anderson “That was the position he held?” Serda “Correct.” Anderson “Was he reluctant to take that position?” Serda “Yes.” Anderson “But he took it?” Serda “Yes.” Continue reading…
Post 3 – Visalus
$5k, Anita Serda, Board, eBay, Elisa Rodriguez, Finances, Fundraising, Jason, Kristie Koester, PHCA, Prosecutor, Spencer Moody, Stephanie Serda, Visalus, VolunteeringKristie and Dawid began selling Visalus through the PHCA. At this point, Kristie had already earned a status that earned her a $600 a month bonus toward the purchase of a black 7 series BMW. It was one of the perks of being a great salesperson. The PHCA received 5% of the sales. So, the process was simple. They would buy $5,000 worth of Visalus. Sell it on eBay for their cost plus free shipping and handling. Anyone who knows how eBay works knows that when you state free shipping and handling you still are paying for it, you just… Continue reading…
Post 2 – Before the War
Board, Dawid Smith, eBay, Elisa Rodriguez, Festival, Finances, Jason, Lawn Equipment, PHCA, Real Estate, Stephanie Serda, Visalus, VolunteeringJason had been a volunteer for some time before joining the board of directors. This was his first year with a significant role in the annual festival and the financial operations of the community center. Admittedly, Jason was not aware of how tight the finances of the PHCA were since the departure of several high-level fundraisers from the board due to a prior conflict with the same board members that would cause the new conflict. At the time Jason first joined the board, the PHCA had what one would consider a reasonable overhead. However, with little to no income it… Continue reading…
