|Savings Requirement || || || || 9mo of operational expenses.
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|-
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|Total || || || ||
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|}
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# The savings requirement is an emergency fund that puts a minimum amount of funds aside to cover 6 months of operational expenses of Bank Charges/Fees, Rent, Utilities. It includes 12mo of insurance. The value is rounded up to the nearest $1000.
+
# The savings requirement is an emergency fund that puts a minimum amount of funds aside to cover 9 months of operational expenses of Bank Charges/Fees, Rent, Utilities. It includes 12mo of insurance. The value is rounded up to the nearest $1000.
+
+
(Notes: This worksheet accounts for all items within the Administrative Budget that DO NOT require membership approval, as per the bylaws.)