1,183
edits
Changes
From Pumping Station One
→Cash on Hand
The requirements for cash on hand have gone from $30,072 in 2014 to $76,211 for 2015. That’s a lot of money to be sitting unused. I personally like the idea of a long term capital fund but I question the necessity of that large of an amount without long term plans. Does long term planning fit our mission statement? Do we have one? -- Michael Skilton, on the mailing list
The requirements for cash on hand have gone from $30,072 in 2014 to $76,211 for 2015. That’s a lot of money to be sitting unused. I personally like the idea of a long term capital fund but I question the necessity of that large of an amount without long term plans. Does long term planning fit our mission statement? Do we have one? -- Michael Skilton, on the mailing list
:I agree that $76,211 sitting idle is probably doing the membership a disservice. I can understand increasing the $30,000 minimum we've had this year, but nearly doubling it seems wasteful. --[[User:Dbever|Dbever]] ([[User talk:Dbever|talk]]) 13:40, 10 January 2015 (CST)
::All I can really say about that is we have better information about our actual operating expenses this year than we did last year. The people who made the budget didn't have access to very much information about previous expenses since it just wasn't being tracked very well before 2014 (a big thank you to the people who got that in order this year. It made completing the budget a lot easier on us). As such, a comparison to last year's cash on hand requirements isn't really all that useful. [[User:Justin|Justin]] ([[User talk:Justin|talk]]) 19:24, 10 January 2015 (CST)
In 2014 the members approved approximately $52,900 in spending by member vote (excluding the 2014 budget vote). This budget lists an estimated $27,900 available for spending by member vote in 2015. I’d prefer less cash on hand and more available for member votes. -- Michael Skilton, on the mailing list.
In 2014 the members approved approximately $52,900 in spending by member vote (excluding the 2014 budget vote). This budget lists an estimated $27,900 available for spending by member vote in 2015. I’d prefer less cash on hand and more available for member votes. -- Michael Skilton, on the mailing list.
:The main differences here come from a few of things:
* As mentioned above, we have a better idea of our actual operating expenses, so we are planning better for those now.
* Taxes. We do not know how much money we might owe for back taxes/penalties, and the Board of Directors was advised by legal counsel not to discuss this, so we set aside a hopefully larger than needed amount of money to cover these difficult to plan for expenses (That covers about 40% of the difference mentioned above already).
* In this budget, we are also setting a long term savings goal to cover potential future moving expenses.
:There are a few other things that contribute to that number, but these are the main points. [[User:Justin|Justin]] ([[User talk:Justin|talk]]) 19:24, 10 January 2015 (CST)
