Savings Requirement: Difference between revisions
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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. | |||
