1,183
edits
Changes
From Pumping Station One
→Account Balances
* The savings account must have a balance consisting of:
* The savings account must have a balance consisting of:
** 5 months minimum operating expenses ($46,664.95). This is to be an emergency fund that should only be used in cases of emergency, at the discretion of the Board of Directors.
** 5 months minimum operating expenses ($46,664.95). This is to be an emergency fund that should only be used in cases of emergency, at the discretion of the Board of Directors.
** Funds to cover the Pumping Station: One's tax deficit ($10,000)
** Funds to cover an estimate of Pumping Station: One's tax deficit ($10,000)
** By the end of the Fiscal Year it should also contain a contribution of $5,000 towards the cost of moving the organization in the future.
** By the end of the Fiscal Year it should also contain a contribution of $5,000 towards the cost of moving the organization in the future.
* Note: Funds required to reach these balances are covered as the savings goals line item in the master budget.
* Note: Funds required to reach these balances are covered as the savings goals line item in the master budget.
