[Businessmtg] Reserve funds/donations to WSO

[Marilyn Booms]

Apologies,  it's been a mentally taxing week. In my previous email I
reversed the suggested percentage donated to district and area. It should
have read 60 to district and 30 to area.

On Thu, Mar 31, 2022, 9:31 PM Marilyn Booms <marilynbooms93 at gmail.com>
wrote:

> Thanks Steve, Jerry, Linda F and LindaLee H for elaborating a bit on ASP
> history regarding donations of our extra funds. I also appreciate
> everyone's interpretation of the applicable concepts and warranties.
>
> One question,  the initial incorporation fee was approximately $1000,
> correct? Was that paid from our current funds? Meaning the balance Anne O
> reported is after the incorporation was paid?
>
> Based on the discussion from others, I think we should now return to
> donating at least 10% of our excess funds to WSO quarterly.  I would
> support the split of 60 area-30 district-10 WSO when those entities are set
> up to receive donations. Is there an estimated timeline when a district may
> be set up? Should we donate an additional 30% to WSO until a district is
> created (total of 40%)?
>
> When we know the cost for GR and any annual incorporation costs, we can
> recalculate our prudent (ample) reserve. That would seem to be a good time
> to discuss if we should decrease our reserve to 6 months or keep the
> current one year's expenses as someone mentioned.
>
> Marilyn
>
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