Reply To: Managing and using cash reserves

#484
Kristine
Participant
    @khull

    Steve, our finance committee has determined for now that 3 months reserve is the target, so when we budget each year we budget for an amount to set aside in reserves to get the reserve fund up to 25% of that year’s budget.

    We’ve had conversations over the years of whether we should move up to 4, 5, or 6 months, but for now 3 months is doable for us and provided us a good safety net in times when we were unsure about what funds would be coming in.

    We Want to Hear from You!

    The current version of the Commons is in beta testing mode meaning we are constantly looking for feedback to improve the experience.  Have some thoughts?  Want to see different content?  Have a question about how this all works?  Let us know!

    Contact us!