Changes

** [[CNC Milling Machine Vote]]

** [[CNC Milling Machine Vote]]

=== Reporting on Spending ===

=== Reporting on Spending ===

Pumping Station One will adopt an expense reporting tool for area hosts and board members to use for reporting on spending.

* Pumping Station One will adopt an expense reporting tool for area hosts and board members to use for reporting on spending.

* Account balances:

 

** The savings account must have a balance consisting of:

=== Account Balances ==

*** 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 spaces tax deficit ($10,000)

* The savings account must have a balance consisting of:

*** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16

** 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.

** Note: Funds required to reach these balances are covered as the savings goals line item in the master budget.

** Funds to cover the spaces tax deficit ($10,000)

** Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met. After the required balances are met all money may be used for area host and vote spending.

** By the end of the FY it should also contain a contribution of $5,000 towards the cost of moving the space in FY16

* Note: Funds required to reach these balances are covered as the savings goals line item in the master budget.

* Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met. After the required balances are met all money may be used for area host and vote spending.

=== Area Host Spending ===

=== Area Host Spending ===