Savings Requirement: Difference between revisions

From Pumping Station One
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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 to expenses that are above and beyond traditional operational expenses.
The money in this account is to be used for expenses that are above and beyond traditional operational expenses.


The board can release any of the money in this account by unanimous vote.
The board can disburse any of the money in this account by unanimous vote at any regularly scheduled meeting.


There is a requirement to replenish the money within 12 months the vote to spend the money passes.
The money voted to be spent needs to be replenished within 12 months of the vote to spend the money.