Savings Requirement: Difference between revisions
From Pumping Station One
Rtystgeeke (talk | contribs) Created page with "The savings requirement servers as a budgetary buffer in the case of unexpected expenses. The savings requirement is based on a number of months of regular operational expense..." |
Rtystgeeke (talk | contribs) No edit summary |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
The savings requirement | The savings requirement server as a budgetary buffer in the case of unexpected expenses. The savings requirement is based on a number of months of regular operational expenses for the organization on any given year. | ||
For 2025 the number of months to be saved is: 3 | For 2025 the number of months to be saved is: 3 | ||
The money in this account is to be used | The money in this account is to be used for expenses that are above and beyond traditional operational expenses. | ||
The board can | The board can disburse any of the money in this account by unanimous vote at any regularly scheduled meeting. | ||
The money voted to be spent needs to be replenished within 12 months of the vote to spend the money. | |||
Latest revision as of 20:42, 24 November 2024
The savings requirement server as a budgetary buffer in the case of unexpected expenses. The savings requirement is based on a number of months of regular operational expenses for the organization on any given year.
For 2025 the number of months to be saved is: 3
The money in this account is to be used for expenses that are above and beyond traditional operational expenses.
The board can disburse any of the money in this account by unanimous vote at any regularly scheduled meeting.
The money voted to be spent needs to be replenished within 12 months of the vote to spend the money.
