Six Peak Monthly Finance call

• The meeting covered co-investment documentation and structuring, company financial results and consolidation, and escalating incidental credit-card spending and controls.
• Co-investment and tax: Chris Andresen and Bob agreed outstanding co-investment items must be finalized and Bob will circulate agreed points to draft an SPV agreement.
• Andresen raised California withholding risks for partnership distributions and recommended using a California entity or an LV office address (or an individual's entity) to avoid repeated withholding; the team agreed to consider structuring future co-investments as California entities.
• Financial results, consolidation, and access: Andresen reported LV is profitable year-to-date while Francis remains loss-making due to lack of work despite staffing; Wilton required accounting clean-up for prior overstated billing entries reversed as non-cash adjustments.
• The group agreed to consolidate job-level KPIs, budgets, and forecasts into a shared file, transition primary financial responsibility to Chris Andresen and Robert, and have Aiello facilitate the consolidation, set up a shared Dropbox folder, and build board-portal automation using Cowork, Dropbox, and Claude.
• Forecasts should be updated to be accurate as of May 1; Andresen will supply payroll details and review consolidated files.
• Chris Andresen will also review bank activity for partner equity reporting; Michael needs updated percentage allocations for his six-week estimates.
• Credit-card spending and controls: The LV Chase card incurred roughly $52K–$70K of mainly small point-of-sale charges from January–April that are not coded to jobs and risk losing recoverable costs on cost-plus projects.
• The team concluded incidental spending must be allocated to jobs or moved above the line and agreed on issuing job-specific subcards, requiring photo receipts, and centralizing receipts to an inbox (Claude or manual filing); Chase supports subcards and cards will be assigned to project managers and canceled at project end.
• Grady will triage recent larger charges and code immediate months until controls are implemented.
• Other items and outstanding deliverables: Chris and Richmond are compiling Francis backup through May for MRK; a call with Pedro to update internal budgets for buyouts remains to be scheduled; a mock Ramsgate budget adjustment is in the same workstream; Aiello will coordinate the shared folder and portal automation; Andresen noted the need to clarify employer burden treatment for bids.
• Technical JPMorgan access issues were noted but did not change substantive decisions.

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