[Businessmtg] Prudent Reserves

[travelynne2]

Thanks Tammy for the summary of the November discussion! 

I have the same questions about what our current reserve is, what expenses do we think our GR will have, what other expenses do we anticipate because of the new Area, and what do we think our new prudent reserve should be? 

In terms of how we donate funds above our prudent reserve, I would be in favor of 90% to the Area and 10% to WSO, to be changed to the 60/30/10 split of District/Area/WSO only if a district is created. 

Hugs,
Lynne

Sent from my iPhone

> On Mar 28, 2022, at 12:02 PM, Tammy Louise <geezpeezlouise at gmail.com> wrote:
> 
> Hello all,
> I found the archives from November where we last discussed this subject and
> did a quick review for myself. It seems that we had three issues:
> 
> A) It sounds like there was a mistake made to the prudent reserve where a
> donation was sent to the WSO that resulted in our Prudent Reserve going
> into the negative by a couple hundred dollars.
> 
> Questions:
> 
>   1. Is this still the case? Are we still negative?
>   2. What is our current reserve amount supposed to be?
> 
> B) The dynamics of our group has changed with being officially Al-Anon and
> included in a new Area. It was suspected that our costs would be
> significantly increased. Not to mention that it hasn't been updated in a
> while, so costs have increased in general as well.
> 
> Questions:
> 
>   1. Do we have enough information to determine or at least estimate our
>   new expenses?
>   2. What are those expenses?
>   3. What does the treasurer suggest for a sufficient new prudent reserve
>   amount?
> 
> C) Once this is established then we need to determine what percentages will
> be donated in excess of the prudent reserve. Some suggestions were tossed
> around, the most common being the 60/30/10 split.
> 
> I hope I got that right. :)
> 
> Hugs,
> Tammy
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