10% of fundraising Profit is too...

Finance and Fundraising

Previously it had been decided that:
That for approved items if personal monies spent on events are to be approves at meeting and refunded.
That there be a petty cash book in operation.
That the monies for petty cash come from fundraising.
That 10% of all monies fundraised or donated be with held for funding the unit.
That the above 10% provide further events a budget.
That the 10% also cover the petty cash for normal unit meeting requirements.

After discussion it has been decided that 10% of fund raising Profit is too be kept in the unit account. Among other things towards Petty cash.

To be reviewed at AGM May 2010