WMF Resolutions/2008-09 Budget/arz
|This resolution approving the 2008-2009 annual financial plan was approved by vote (8 supports).|
RESOLVED, that the Board of Trustees hereby approves management's proposed 2008-2009 annual plan of $5.97 million of annual expenses, $7.33 million of annual operating revenues, and an annual operating reserve of $1.36 million. If during the year management anticipates the annual reserve will differ materially from the planned annual reserve, the Board directs management to consult the Board Treasurer promptly.
Reference: Management's currently anticipated quarterly breakdown of this approved annual plan.