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From Pumping Station One
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* Make sure that there are enough funds available to cover our upcoming tax bill
* Make sure that there are enough funds available to cover our upcoming tax bill
* Make sure that there is an emergency cash pile available for other emergency expenses other than operating
* Make sure that there is an emergency cash pile available for other emergency expenses other than operating
* Provide area hosts with more spending power to provide better service to the membership without the hassle of passing a vote
* Provide area hosts with more spending power to provide better service to the membership.
* Start saving for the upcoming move in FY16
* Start saving for the upcoming move in FY16
=== Additional Notes ===
=== Additional Notes ===
Office of the CTO is not a new department. It was created for organizational purposes, and it is actually a subdepartment under G&A. It does not authorize the CTO to spend money at all; it only allows the board to spend that money, just like for the rest of the expenses in G&A.
* Office of the CTO is not a new department. It was created for organizational purposes, and it is actually a subdepartment under G&A. It does not authorize the CTO to spend money at all; it only allows the board to spend that money, just like for the rest of the expenses in G&A.
* The language states that there is no real spending limit for repairing or replacing a piece of equipment in an area. This is to allow area hosts to maintain their areas as normal. If the area host or another member decides it would be best to replace a broken tool with a better tool, there would need to be a member vote to authorize it.
* Keep in mind that there are checks and balances on area host spending already. They are generally not able to spend more than $500 at a time without asking the board of directors. When a tool breaks, the membership is always informed about it, so if the membership wanted to upgrade, there would be plenty of opportunities to tell the area host this before they are able to buy a replacement tool.
== Language ==
== Language ==
* 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 a single capital expenditure.
** Area hosts are authorized to spend up to $750 for a 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 over $750 on a single item to replace or repair existing tooling or machinery.
** 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 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.
