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Grex > Coop10 > #79: Budget Planning Meeting, Sunday 2/8 at 2:30pm | |
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| 4 new of 78 responses total. |
other
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response 75 of 78:
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Feb 9 19:19 UTC 1998 |
re#73: Mary, it seems that the "cushion" amount of $2000 is pretty much the
answer to your query. It is a little over three months' planned expenses and
is to be considered essentially an emergency fund to cover expenses if
revenues fail to materialize or if some catastrophic event necessitates
immediate large expense in order to assure Grex's continued operation.
That is kind of vague, but you can't plan for everything, especially not
*absolutely* everything, right, Rane? <g>
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scg
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response 76 of 78:
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Feb 9 23:43 UTC 1998 |
It was also suggested, jokingly, that there are some pieces of hardware (such
as a UPS) which would be nice but not essential, which it would be very silly
to use as a hat.
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dpc
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response 77 of 78:
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Feb 10 02:38 UTC 1998 |
I think the most important decision was *not* to spend on anything
which reduces our cash to below $2000 unless it's an emergency.
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mta
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response 78 of 78:
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Feb 10 19:51 UTC 1998 |
Other than adjusting the dollar figure from time to time, I think that's been
SOP from the time we first *had* a cushion to protect. I remember danr
promoting the idea long, long ago in the deepest mists of time.
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