Reply To: Reserves are great to have – how to invest and manage them


    Not yet Kate. We carry a little over $200,000 in our Capital Depreciation fund. This is a liquid fund that depletes as needed, and replenishes as we hit our budgetary marks ($240,000 of depreciation is a budgeted expense on our P&L). Additionally, our annual campaign brings in between $400,000 and a million dollars, which is all raised as unrestricted. About $400,000 is used for annual scholarships; $200,000 for program support; $100,000 – $150,000 for new capital projects; and the rest for reserves.

    The above is our best case scenario.

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