Medicine Forward: Handbook

User Tools

Site Tools

Trace:
spendingpolicy

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
spendingpolicy [2025/02/04 10:57] – gabrieldanespendingpolicy [2025/02/04 11:14] (current) – gabrieldane
Line 1: Line 1:
 ====== Spending Policy for Medicine Forward ====== ====== Spending Policy for Medicine Forward ======
  
-Version 1.0+Version 1.1 (DRAFT)
  
 ==== Objective ==== ==== Objective ====
Line 11: Line 11:
 ==== Executive Team Spending Authority ==== ==== Executive Team Spending Authority ====
  
-  * The Executive Team has the authority to spend up to **$1,000** on a single expense without consulting the Traction Team.+  * The Executive Team has the authority to spend up to **$1,000** on a single expense without consulting other stakeholders.
   * Individual Executive Team members can approve expenses up to **$250** without additional approval. This includes regular operational costs such as:   * Individual Executive Team members can approve expenses up to **$250** without additional approval. This includes regular operational costs such as:
     * Software subscriptions (e.g., Squarespace, Zoom, Mighty Networks, Acuity Scheduling).     * Software subscriptions (e.g., Squarespace, Zoom, Mighty Networks, Acuity Scheduling).
Line 18: Line 18:
 ==== Project-Specific Funds ==== ==== Project-Specific Funds ====
  
-  * Funds raised for specific projects, such as the **NYC Burnout Symposium Workshop**, will be used exclusively to support the goals and needs of that project.+  * Funds raised for specific projects, such as the **NYC Burnout Symposium Workshop**, will be used to support the goals and needs of that project.
   * The primary aim is to maximize impact and ensure fairness in how the funds are used.   * The primary aim is to maximize impact and ensure fairness in how the funds are used.
-  * Project funds should not be redirected to other Medicine Forward initiatives unless they directly contribute to the success of the funded project.+  * Before completion of the project, project-specific funds should not be redirected to other Medicine Forward initiatives unless they directly contribute to the success of the funded project. 
 +  * Any remaining funds or additional contributions may be used for unexpected expenses related to the project or allocated to future projects that align directly with Medicine Forward's mission.
  
 ==== Spending Over $1,000 ==== ==== Spending Over $1,000 ====
Line 29: Line 30:
     * Expected benefits and alignment with Medicine Forward’s goals.     * Expected benefits and alignment with Medicine Forward’s goals.
   * This proposal will first be reviewed internally by the Executive Team.   * This proposal will first be reviewed internally by the Executive Team.
-  * After internal review, the proposal will be shared with the Traction Team for transparency and consultative feedback. +  * After internal review, the proposal will be shared with the 501c3 Board for transparency and consultative feedback. 
-  * Final decisions will rest with the Executive Team, incorporating feedback from the Traction Team when possible.+  * Final decisions will rest with the Executive Team, incorporating feedback from the relevant stakeholders when possible.
  
 ====== Transparency & Constraints ====== ====== Transparency & Constraints ======
Line 36: Line 37:
 ==== Transparency ==== ==== Transparency ====
  
-  * Spending will be tracked and available for auditing and creating financial reports. Audits and reports can be requested by anyone on the Traction Team. +  * Spending will be tracked and available for auditing and creating financial reports. Audits and reports can be requested by anyone on the 501c3 Board. 
-  * The Traction Team should be notified of new purchases, especially new recurring subscriptions like Acuity, at the next available team meeting.+  * The 501c3 Board should be notified of new purchases, especially new recurring subscriptions like Acuity, at the next available team meeting.
  
 ==== Constraints ==== ==== Constraints ====
Line 48: Line 49:
  
   * **Definition**: The advice process is a decision-making approach where individuals or teams seek input from those who will be affected by the decision or who hold expertise in the relevant area before making a final decision.   * **Definition**: The advice process is a decision-making approach where individuals or teams seek input from those who will be affected by the decision or who hold expertise in the relevant area before making a final decision.
-  * **Application**: When spending decisions require broader consideration (e.g., expenses above **$1,000** or complex resource allocation), the Executive Team will consult with both the Traction Team and other relevant stakeholders through this process. This ensures that decisions are well-informed and reflective of diverse perspectives.+  * **Application**: When spending decisions require broader consideration (e.g., expenses above **$1,000** or complex resource allocation), the Executive Team will consult with both the 501c3 Board and other relevant stakeholders through this process. This ensures that decisions are well-informed and reflective of diverse perspectives.
  
-<fc #FF0000>**Accepted by Traction Team 10/21/24 version 1.0**</fc>+<fc #FF0000>**Last accepted by Traction Team 10/21/24 version 1.0**</fc>
  
  
spendingpolicy.1738695447.txt.gz · Last modified: 2025/02/04 10:57 by gabrieldane