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