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** The checking account must have a balance of 2 months full operating expenses ($14,546) at all times.
** The checking account must have a balance of 2 months full operating expenses ($14,546) at all times.
** 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)
*** 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 as made necessary by the bylaws.
*** Funds to cover the spaces tax deficit ($10,000)
*** Funds to cover the spaces tax deficit ($10,000)
*** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16
*** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16