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transparency re: Boston Bellringers bank accounts
People who are interested in our banking might remember that a year or
so ago I moved most of our funds into a CD so we could get interest on it.
What I didn't calculate correctly is the amount that
we need in the basic account (from which we pay bills) to avoid service
fees. The minimum required amount has recently gone up a lot. This
happened right after I had renewed the CD. To deal with this, I have
loaned the guild $1000 of my own money so that we don't get hit by any
fees or a penalty for closing the CD early. When the CD comes due in the
fall, I will pay myself back. This is *not* tying the guild account to my
personal account.
Laura Dickerson