[Businessmtg] Prudent Reserve and Donations

[aohara77 at comcast.net]

Hi Betsy et al.....

Motion 11 discusses the disbursement of funds over prudent reserve.  At this
time, they are disbursed on a quarterly basis.  We have not made a
disbursement since Mary was treasurer.  The business meeting discussed
holding disbursements until the Prudent Reserve discussion takes place.  I
hope we reach agreement soon, we have quite a bit in excess that should be
disbursed.

http://asp-afg.org/members/group-conscience/

Hugs,

Anne O

-----Original Message-----
From: Businessmtg <businessmtg-bounces+aohara77=comcast.net at asp-afg.org> On
Behalf Of Betsy C
Sent: Friday, May 13, 2022 6:17 PM
To: aohara77 at comcast.net
Cc: ASP Business <businessmtg at asp-afg.org>
Subject: [Businessmtg] Prudent Reserve and Donations

I'm in agreement with pretty much all that's been said about the Prudent
Reserve.

Anne's report and recommendation for the prudent reserve amount sounds right
on to me.  Thanks, Anne, for doing this service for all of us.  I appreciate
your work and research to make the numbers as accurate as possible.

I think the prudent reserve should remain at one year's expenses because we
have expenses that are paid annually.  It just seems like an easier way to
do it and it will keep us safer if something catastrophic does happen.
Setting aside 1/4 of our annual expenses won't be much of a cushion when the
annual bills come due.

I also think it would be a good idea to word our decision as "1 year's
expenses" rather than a specific dollar amount.  Our treasurer is a trusted
servant who is perfectly capable of calculating the exact dollar amount.

As for funds beyond the Prudent Reserve, 60% to District, 30% to Area and
10% to WSO sounds right to me.  Until we have a district, I also think 90%
to the new Area sounds good to me.  It will help the Area with start-up
costs while we're waiting for a District to materialize.

I do have a question if it's not too late.

How and when is the Prudent Reserve amount assessed and donations sent to
WSO?  Does it happen any time our balance exceeds the Prudent Reserve?  Or
is there a specific date each year?



--
*Betsy C*
____________________________
To Unsubscribe, go to: http://www.asp-afg.org/mailman/listinfo/asp
The ASP web site with all kinds of info for ASP members is
http://asp-afg.org/members/ For assistance with other ASP issues, contact
Steve the Founder of ASP, at steve at serenitysys.com