Changes

In managing the finances of the [[Order of the Augustan Eagle]](OAE), a depenency of The Augustan Society, Inc., a separate '''Eagle Insignia Fund ''' has been established.

Given that the cost of the [[OAE Collar]] insignia is substantial, with significant fees for tooling often needed for each one easily exceeding the annual budget of the Orderbatch, it is necessary to save up for multiple years in order to afford additional purchases. This Fund holds those saved funds against such future need.

Funds assigned to Revenue from the Insignia Fund may only be used to purchase new OAE sale of insignia. While only a Collar has been produced to date, it is possible that other types after deductions for the cost of insignia may shipping, shall be defined and ordered in futuredeposited to this fund until it reaches an amount deemed sufficient by the [[Eagle Council]] to pay for the next batch.

Funds assigned to this fund may only be used to purchase new insignia. At present, both a Collar and a Breast Star have been authorized, though only the former has been produced to date. It is expected that once Breast Stars become available, the Collar will be discontinued. As this fund is a promise from the Order to itself, exceptional circumstances that drain the [[OAE Eagle General Fund]] might make it appropriate to return these monies to that fund. One would expect this to require a 2/3 vote of the Eagle Council. The fund is managed and insignia orders placed by the [[Custodian of Insignia]].