Club Motions on
On 11/16/09, the Board motioned and approved the
[General Fund] Treasury including unsold Grocery Certificates should
not fall below $10,000 without Board approval".
01/18/10 Motion: To combine the intent of these
motions and update the limits for today’s conditions, the Board
motioned and approved the following motion which supersedes the
“Given our current club’s assets, our ability to raise funds fairly
readily, and inflation, the following motion was approved by the
Board to modify the committee spending limit guidelines as follows:
maximum spending limit allowed without Board approval is:
Specialty and Rescue committees – increase limit to $2500
Means committee – Grocery Certificate purchases only – increase
limit to $5000.
other committees remain at $500 limit.
long as the expense does not cause the overall:
General fund bank balance plus grocery certificate balance to fall
fund bank balance to fall below $5000.
the club’s asset’s decrease drastically and/or our ability to raise
funds is reduced, then the spending limits will be reviewed by the
Board and adjusted accordingly.”