[Businessmtg] Proposed Amendments to Motion's Language
Jerry
logmark at comcast.net
Fri May 20 07:34:53 PDT 2022
Biz-Pals,
Without altering the intent nor effects of our consensus, I offer the following amendments to the Motion on the floor for clarity:
(Proposed language alterations emphasized in CAP LETTERS for ease of comparison only, not for final use):
Part 1 - Original:
1. Prudent Reserve to be one year's operating expenses; actual amount determined by Steering Committee as needed.
Proposed Amendment:
1. ASP's Prudent Reserve to be EQUAL TO one year's operating expenses; actual amount TO BE CALCULATED by THE Steering Committee AND RECALCULATED as needed.
[Notes: Proposed amendments add definition to what our PR is; "calculated" over "...determined" to keep the amount from being subjective to whim; and "...and recalculated" again defining method of determining future alterations.]
Part 2 - Original:
2. Excess Funds to be donated quarterly according to the following
formulae:
a. Interim: Until ASP belongs to an Electronic District District N/A Area 60%
WSO 40%
b. Permanent; once the conditions of (a) above have been met,
the following formula for donating excess funds applies.
District 60%
Area 30%
WSO 10%
Proposed Amendment:
2. FUNDS IN EXCESS OF THE PRUDENT RESERVE ARE to be donated quarterly according to the following formulae:
a. Interim: Until ASP belongs to an Electronic District District N/A Area 60%
WSO 40%
b. Permanent; once the conditions of (a) above have been met,
the following formula for donating excess funds applies.
District 60%
Area 30%
WSO 10 donated quarterly according to the following formulae:
a. Interim: Until ASP belongs to an Electronic District District N/A Area 60%
WSO 40%
b. Permanent; once the conditions of (a) above have been met,
the following formula for donating excess funds applies.
District 60%
Area 30%
WSO 10
[Note: Proposed amendment adds definition to what "excess funds" are.]
In service,
Jerry
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