2015 Budget Vote: Difference between revisions
From Pumping Station One
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** The checking account must have a balance of 2 months full operating expenses ($14,546) at all times. | ** The checking account must have a balance of 2 months full operating expenses ($14,546) at all times. | ||
** 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) | *** 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 as made necessary by the bylaws. | ||
*** Funds to cover the spaces tax deficit ($10,000) | *** Funds to cover the spaces tax deficit ($10,000) | ||
*** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16 | *** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16 | ||
