Changes

Board Policies

746 bytes added, 22:47, 25 January 2015
added policies
Policies are adopted by the [[Board|Board of Directors]] by motion or resolution, and thus are all included in the [[Minutes]]. What follows is a summary of those policies adopted between October August 2011 and December 2014, inclusive.
=Administration=
1301: Financial Reserves — That 75% of annual budgeted expenses be set as the target value of the General Fund’s liquid accounts, and the balance of annual expenses be held in accounts that could be liquidated within a week. The latter may be held within the Investment Fund. (January 2013, item XXIII)
 
1108A: Financial Reserves — That the [[Treasurer]] may withdraw funds from the [[Investment Fund]] as needed to maintain the target value of the General Fund, save that such withdrawals may not exceed the actual income in the previous month. (August 2011; item XXVI)
1411: [[Five-Year Plan]] — Adopted and published on the Wiki. Future changes will be made directly on the Wiki. (November 2014, item VIII)
 
1108B: Good Standing — That membership in-good-standing is defined as having paid current dues to the Society; paid current dues to Senior Orders; participated in all assessments imposed by the [[Board]]; subscribed to the journal with at least one additional issue due (life members only); and no outstanding debts to the Society. A thirty (30) day grace period will be observed. [[Sponsored Members]] are not out of good standing solely on account of sponsorship.
1309A: [[Headquarters]] — The Society shall endeavor to rent office space as can be afforded with the investment income plus current storage rental charges. (September 2013, item IX)
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