Changes

** Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met. After the required balances are met all money may be used for area host and vote spending.

** Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met. After the required balances are met all money may be used for area host and vote spending.

==== The Area host spending ====

==== The Area host spending ====

 

** Area hosts are authorized to spend up to the budgeted amount listed in the table below. The spending of this amount should be prorated over the year to allow the space collect the required income to fund the spending.

* Area hosts are authorized to spend up to the budgeted amount listed in the table below. The spending of this amount should be prorated over the year to allow the space collect the required income to fund the spending.

** Area hosts are authorized to spend up to $750 for any single capital expenditure. Any line item in the budget that goes above this limit is not authorized for purchase and will require a separate member vote.

* Area hosts are authorized to spend up to $750 for any single capital expenditure. Any line item in the budget that goes above this limit is not authorized for purchase and will require a separate member vote.

** Area hosts may spend any amount to replace or repair existing tooling or machinery. Replacements must be the exact same item. Any upgrade or different tooling or machinery that serves the same purpose would require a member vote to authorize spending.

* Area hosts may spend any amount to replace or repair existing tooling or machinery. Replacements must be the exact same item. Any upgrade or different tooling or machinery that serves the same purpose would require a member vote to authorize spending.

** The categories in each individual area host budget are guidelines and area hosts are not required to spend their money exactly as allocated on those pages and on the master budget page.

* The categories in each individual area host budget are guidelines and area hosts are not required to spend their money exactly as allocated on those pages and on the master budget page.

** Area hosts will be issued a expense card with an initial value of $500.

* Area hosts will be issued a expense card with an initial value of $500.

*** Area hosts must complete an itemized expense report after spending any money on an expense card.

** Area hosts must complete an itemized expense report after spending any money on an expense card.

*** Area hosts expense cards will only be replenished after the board has processed the expense reports.

** Area hosts expense cards will only be replenished after the board has processed the expense reports.

*** Area hosts must request additional funds be placed on their card to cover purchases over $500, funds will not be added to cards with missing expense reports.

** Area hosts must request additional funds be placed on their card to cover purchases over $500, funds will not be added to cards with missing expense reports.

==== Board of Directors Spending ====

==== Board of Directors Spending ====