Savings Requirement
From Pumping Station One
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 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 to expenses that are above and beyond traditional operational expenses.
The board can release any of the money in this account by unanimous vote.
There is a requirement to replenish the money within 12 months the vote to spend the money passes.
