Subject: Fwd: DC Finance Update
From: "Archer, Devon" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Tue, 28 Jul 2015 19:53:01 +0000

Devon D. Archer
646 436 3745

Begin forwarded message:

From: "Devine, Marcelle" <[email-masked]<mailto:[email-masked]>>
To: "'Joan Mayer'" <[email-masked]<mailto:[email-masked]>>, "Schwerin, Eric" <[email-masked]<mailto:[email-masked]>>
Cc: "Godfrey, Andrew" <[email-masked]<mailto:[email-masked]>>, "Archer, Devon" <[email-masked]<mailto:[email-masked]>>, "Mayer, Joan" <[email-masked]<mailto:[email-masked]>>
Subject: RE: DC Finance Update

Hi Joan-

I did a breakdown of RSA bank statements for April thru June to help me in creating journal entries for RSA revenue and expenses.
Attached is the breakdown-bank balance.  Most of the items I can identify but a few just need some clarification on what the revenue/expense was and the period for the revenue/expense.  The items highlighted are the ones I need more information on.

For April revenue/expenses I split 50/50 between Burnham and RSA.

Please look over the breakdowns and let me know of any edits.

I attached the bank statements I used.

Thank you!
Marcelle

From: Joan Mayer [mailto:[email-masked]]
Sent: Monday, July 27, 2015 6:49 PM
To: Schwerin, Eric
Cc: Devine, Marcelle; Godfrey, Andrew; Archer, Devon; Mayer, Joan
Subject: Re: DC Finance Update

Attached is an updated sheet.

Marcelle- are you planning on doing a transfer?

Thank you!
Best,
Joan

On Wed, Jul 22, 2015 at 1:10 PM, Joan Mayer <[email-masked]<mailto:[email-masked]>> wrote:
Attached is the updated sheet reflecting the correct month these bills correspond to.

*Note the bank balance has increased- we just received a check for $6000 from Putala Strategies. This is the final check from them.

3. Attached is the expense sharing agreement

4. Yes, the DC Treasurer payment is for Q2 unemployment tax. There are 2 remaining tax payments- 1. VA for $111.87 and 2. Federal unemployment (due in 2016) for $157.71.  But that should be it for employee-related taxes

5.  Yes, that is my mistake. I paid both May and June together on 7/15 so there is nothing due for 116 until the end of next month

On Wed, Jul 22, 2015 at 8:44 AM, Schwerin, Eric <[email-masked]<mailto:[email-masked]>> wrote:
1. The $85K includes the following which have all been invoiced and normally come in before or right around the end of the month. Note that we’ve received Cornerstone’s July check but for some reason have not received June.   We are checking on why that is.  Also, we had to get a reissued April NCR check and are told that that is on its way so we hope to receive two NCR checks this month.

NCR - Apr

HNTB - June

RARE - July

NCR - May

Cornerstone- May (they paid June)

2. Rent for August in due on August 5th. (I think Joan put down the payment as being July rent but it is for August.)  We include rent in our “end of month” expenses so we make sure we have it by the 5th.   Healthcare is also paid a month in advance.

3.  Joan can email the RSPI expense sharing agreement to you.  In essence, the payment amount to RSPI (which as we discussed shows up on the books as a payment to “Seneca”) is to maintain our $5,000 net cap.

4. Joan, the DC Treasurer payment is the last remaining employment tax payment for Katie and me, correct?

5. Joan, can you answer this as well re: 116?

Let us know if this format for the spreadsheet is helpful or you would like more detail or more information.

On Jul 22, 2015, at 8:19 AM, Devine, Marcelle <[email-masked]<mailto:[email-masked]>> wrote:

Hi Eric-

Have a few questions on the exp-rev update to clarify a few items:
1.  $85k expected – has this amount been invoiced and if yes, which agreements?
2.  Is rent and employee benefits paid a month in advance?
3.  Can you email the RSPI expense sharing agreement?
4.  What is the payment to DC treasurer for?
5.  The 7/15/15 payment to 116 – was that for May & June dues?

Thank you
Marcelle

From: Schwerin, Eric
Sent: Tuesday, July 21, 2015 4:42 PM
To: Godfrey, Andrew; Devine, Marcelle
Cc: Archer, Devon; Mayer, Joan
Subject: DC Finance Update

All:

Attached is a spreadsheet that details the DC office finances as of today.  Let me know, but I think this will give us all the ability to get a quick snapshot of where we are on a day to day basis as far as receivables/expenses and the transfers (both completed and expected) to BAM for the given month.

If you think this format is helpful, perhaps Joan could share this with everyone via Dropbox and she can update it on a regular basis.  We can also email it around on a couple of specific dates each month prior to payday if that is helpful.

Best,

Eric

Eric D. Schwerin
1010 Wisconsin Avenue NW
Suite 705
Washington, DC 20007
(202) 333-1880<tel:%28202%29%20333-1880>
[email-masked]<mailto:[email-masked]>

--
Joan K. Mayer
Rosemont Seneca Partners
o: 202-333-1880<tel:202-333-1880>
m:202-841-8543<tel:202-841-8543>

--
Joan K. Mayer
Rosemont Seneca Partners
o: 202-333-1880
m:202-841-854