As suggested by General Service Office, Portland Area Intergroup adopted the principle of maintaining a "Prudent Reserve". GSO suggests that central offices have 1 to 3 months of operating funds set aside in the event of an emergency.
Portland Area Intergroup determined years ago that a 3 month reserve would be adequate. Since the 1980’s Portland Area Intergroup had been able to acheive and maintain the reserve account in the amount of approximately $36,000. This equals 3 months operating expense.
- $1,000 is maintained as a bond in lieu of unemployment insurance.
- $5000 is ear marked for literature replacement.
- $30,000 would be allocated for 3 months explenses to keep the office open.
This money is kept separate from the operating account in either money market (savings) accounts or Certificates of Deposit (CD’s).
The current prudent reserve balance is $8100.00 (Sept 2010). This is the beginning of the re-establishment of the reserve account.
Our goal is to raise a total of $36,000 to have a fully funded prudent reserve account.
Please help by making a direct personal donation to PAI Prudent Reserve Fund.
This can be done by clicking on the "Support PAI" banner on this page. Also by mailing a check to Portland Area Intergroup, 825 NE 20th ave, Suite 200, Portland Oregon 97212 or a make a direct contribution the next time you're at Intergroup!
GROUPS: make sure you put your Group ID number on your donation if you wish us to credit your group's donation activity.