Treasury Committee

Purpose: The Treasury Committee is the careful steward of Assembly Funds. They do not dictate the budget. This committee makes sure the books are balanced and the accounts are in order. They pay expenses authorized by the GA vote.

All funds donated or earmarked for the GA Assembly or any Pillar can be transferred to the main assembly account by check, Zelle, or Cash App. Checks can be made out and mailed in care of the Treasury Committee at the following address:

The Tennessee Assembly
C/O 2372 Boatdock Road
Talbot, Tennessee [37877]

Zelle – hamblenrecsecy@gmail.com

Cash App – $kdbullard123

In case of any detailed information on what the funds are for, please additionally email hamblinrecsecy@gmail.com. Please be as specific as you can.

UPDATE – The Treasury Committee is requesting (next GA meeting) that a Budget Committee be re-populated under the GA to create a budget and direct the use of funds by obtaining a GA vote in an organized manner. The Treasury Committee wants to work closely with this committee (meeting together at the same time temporarily) in order to flesh out a smooth process and all be on the same page as to best practices and how things will flow. The Budget Committee should be responsible for creating the budget and receiving purchase orders, getting them voted on by the GA and sending the approved ones to the Treasury for payment. All earmarked funding details will go to the newly requested Budget Committee upon formation. They will be responsible to allocate funding and obtain the GA approval vote to release funds.

How to get funding for your Pillar and Committee projects:

Currently, this is the process. Your pillar or GA committee votes on purchasing a needed item. Next,

  1. They can submit a purchase order request to the Budget Committee. The purchase order request is posted on the website. You will find it under the General Assembly tab and posted on the Budget Committee page (https://thetennesseeassembly.org/general-assembly-pillar/budget-committee/)
  2. The Budget Committee first verifies that they have enough funds to allocate to the request, meets the budget, and then brings the request to the GA for a vote.
  3. If it passes, the approved purchase order is autographed by the GA Assembly officer and presented to the Treasury Committee for payment.
  4. The Treasury Committee will contact the Chair of the Pillar or GA Committee for the best way to pay for the items on the purchase order and complete transactions. The Treasury Committee requires a receipt for all transactions so be prepared to send them immediately to hamblenrecsecy@gmail.com

Lastly, to address the very real coming economic collapse, the Treasury Committee had an additional emergency meeting on 7/29/24 to discuss the safety of the Assembly funds currently in the bank account. This is what we recommend to retain the value of the majority of the funding:

  1. Encourage all committees in need of immediate funding to submit purchase order requests to the newly formed Budget committee immediately.
  2. Hold a mid-month GA meeting to vote on the expenses. Whatever expenses pass the GA vote are immediately paid for by purchasing prepaid credit cards or postal money orders and distributed by mail to the Committee chairs for payment of the approved purchase order. The Chairs of the committees then returns all receipts with a copy of the purchase order to hamblenrecsecy@gmail.com.
  3. Invest the rest of the funds in the account in silver through Volunteer Precious Metals (https://volunteerpreciousmetals.com/) or Tennessee Diamond Company (which is the best price because they are local to the Treasury Committee members and only 3% over spot). The silver is then held by the MAA whom will keep it in a safety vault until after the crash when the GA will decide how to use the funds thereafter. OR, a combination of postal money orders and silver.