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Fiscal
Policy for the Barony of Thor’s Mountain Revised
January 30, 2008 This
revision includes changes made at the Baronial Curia of January 12, 2008
This policy is formulated to standardize and outline the policies and
procedures of the office of Reeve for the Barony of Thor’s Mountain.
It is not meant to be static; changes can be made as the needs and
goals of the group change. II.
Acquisition of Funds
A. Funds will be collected
for Event reservations and entrance fees, heraldic submissions, newsletter
subscriptions, University of Meridies enrollment fees, and other miscellaneous
donations. Other
sources may be used provided they are in compliance with Thor’s Mountain,
Kingdom of Meridies, and SCA policies.
B. Fundraisers at events.
The number of Fundraisers at a Thor’s Mountain event is limited to no
more than two per event. III.
Baronial Expense Approval Policy A.
Authorization for all disbursements requires full Baronial approval
using current Baronial voting procedure. Budget
approval and disbursements detailed in sections IV and V are considered as
approval for this clause. B.
Three Officers Rule: In the event that a decision which would normally
require a vote must be made before the next regularly scheduled meeting: 1.
A vote
can be taken of the Baroness and/or the Seneschal, and one or more of any of
the following officers, the Knight Marshall, the Reeve, the Minister of Arts
and Sciences, or the Herald, so long as at least a total of three or more
officers are polled and those three or more officers reach a unanimous
decision on the vote. This vote
can approve no more than $200 at a time. 1.
At the meeting
immediately following such a vote the Populace is to be notified that a vote was
taken and the results of the voting. C.
Event Monies: Autocrats must
submit a budget for approval by the Reeve, the Seneschal, and the Baroness, no
later than five months before the event. D.
Preapproved Committee or Project Money.
Committees or
Individuals must have a written budget & proposal when requesting funds.
The Barony may, however, authorize funds for a committee or individual on an ad
hoc basis. Funds authorized,
but not spent by Baronial Curia may be returned to the general Baronial funds. E.
Officers must have a written budget when requesting funds (other than
from the Discretionary fund). Funds authorized, but not spent by Baronial
Curia shall returned to the general Baronial funds.
F. Financial Support for
Baronial Cantons. Money for Events
will be advanced to Baronial Cantons on the conditions that:
1. Repayment is
considered a primary event expense.
2. The Canton follows
Baronial Event financial policies.
B.
Major purchases (greater than $200) and standing policy on expenditures will
be approved by current voting procedure, generally at an annual Curia.
Major purchases and standing expenditures depend on the availability of
funds in the Baronial treasury. Approved
standing policy expenditures include:
Officer
Discretionary Fund
Library
Subscriptions
Event Seed
money C.
Donations. These include
donations to the Kingdom Treasury, specific Kingdom or Society projects, and
to other nonprofit organizations outside the SCA.
The subject of donations may be brought up and voted on at any Business
Meeting or Curia.
D. Royalty Attendance.
Their Royal Majesties, Their Royal Highnesses, and if applicable, their
mundane spouses will attend events free of charge.
Site fees will also be waived for reigning royalty from other kingdoms.
B. Advances &
Reimbursements for Event expenses.
All receipts
must be presented to the Reeve no later than one week after the Event (at the
Event is preferable).
Advances are
given only with Reeve and Autocrat approval. The Reeve retains the right to
refuse an advance based on previous delinquent or missing receipts.
Event staff
must have Autocrat approval for expenditures over budget line items. Autocrat
must have Baronial approval for expenditures over the approved Event budget.
Information
regarding standard budgets can be obtained from the Seneschal, Reeve, and
Baroness.
C. Event refunds.
Event refunds
will be given only if requested before or within 30 days after the Event.
If length of
stay on site is more than 3 hours, only Feast fee is refundable.
Each Event
Autocrat will establish and publish in the Event flyer a release time for
feast reservations after which time they may be resold.
Guaranteed reservations will be accepted by written request only and
ensure that a seat will be held at Feast, and for this no refund will be made.
D. Advances &
Reimbursements for other Approved Expenses
All receipts
must be presented to the Reeve no later than one month after the purchase has
been made.
Advances are
given only with Reeve and Seneschal approval. The Reeve retains the right to
refuse an advance based on previous delinquent or missing receipts.
E.
Office expenses.
An Officer
Discretionary Fund which automatically replenishes itself as of Curia has been
established from which Baronial officers may draw without requiring Baronial
Approval.
The current
amount set aside for this fund is One Hundred and Fifty dollars ($150), from
which the current maximum withdrawal by an individual office is Twenty-five
dollars ($25).
Offices
currently able to draw funds from petty cash are the Baroness, Seneschal,
Knight Marshall, Minister of Arts and Science, Reeve, Consul, Gold Key,
Provost, Dance, Pastimes with Goode Company, Scrollery, Page School/Minister
of Children, Hospitaler, Herald, Constable. F.
Baronial Newsletter disbursements.
Baronial Newsletter disbursements are made as needed based on a Monthly
Financial Report from the Chronicler. VI.
Reporting
The Reeve is
answerable to the Society and Kingdom Policy, and the populace of the Barony.
Reports
as required by Kingdom superiors will be made, with copies to the local
Seneschal.
At any time, the
populace may ask for an accounting of the Baronial funds.
The Reeve
completes the financial report for Events. VII.
Bank Policy
A. Checking and
Savings. The Barony will maintain
separate Checking and Savings accounts. The
Checking and Savings accounts will require two (2) signatures for disbursements.
Signatories will include the following people:
Reeve, Seneschal, Kingdom Exchequer, and any of the following:
Baronial Seat, Deputy Reeve, Deputy Seneschal, but not more than five
total.
B. Reserve Fund.
The Barony will maintain a reserve fund that should be able to cover the
largest single expense/loss we might incur.
This reserve will retain interest as part of the fund, if the fund does
not increase by at least 5% a year then any amount needed to make up the
difference will be added from the general fund.
C. Funds will be deposited
into the Barony’s bank account. It
is the Reeve’s responsibility to keep only needed operating funds in Checking,
the rest should be put in Savings or other appropriate financial instruments.. VIII.
Change of Policy
The policies listed herein may be changed by 2/3 majority of members at
any Business Meeting or Curia, by following current voting procedures. Revised
January 30, 2008 Revised April 12, 2008 |
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