Intergroup Prudent Reserve
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 Certificats of Deposit (CD’s).
The current prudent reserve balance is $7427.61(July 2009). This is the beginning
of the re-establishment of the reserve account. Most of you are aware of the huge
expense we experienced during the last two years we were located on Front Ave.
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 from our
webstore
, mailing a check to Portland Area Intergroup, 1212 SE Division St, Portland, Oregon
97202 or a direct contribution the next time your at Intergroup!