2015 Budget Vote: Difference between revisions
From Pumping Station One
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* The savings account must have a balance consisting of: | * The savings account must have a balance consisting of: | ||
** 5 months minimum operating expenses ($46,664.95). This is to be an emergency fund that should only be used in cases of emergency, at the discretion of the Board of Directors. | ** 5 months minimum operating expenses ($46,664.95). This is to be an emergency fund that should only be used in cases of emergency, at the discretion of the Board of Directors. | ||
** Funds to cover | ** Funds to cover an estimate of Pumping Station: One's tax deficit ($10,000) | ||
** By the end of the Fiscal Year it should also contain a contribution of $5,000 towards the cost of moving the organization in the future. | ** By the end of the Fiscal Year it should also contain a contribution of $5,000 towards the cost of moving the organization in the future. | ||
* Note: Funds required to reach these balances are covered as the savings goals line item in the master budget. | * Note: Funds required to reach these balances are covered as the savings goals line item in the master budget. | ||
