Re: a slush fund for temporary financial relief | <– Date –> <– Thread –> |
From: Robert Heinich (robertenocommons.org) | |
Date: Tue, 24 Oct 2017 05:33:29 -0700 (PDT) |
Nice entry. Sent from my iPhone > On Oct 22, 2017, at 16:56, Shawn Barber via Cohousing-L <cohousing-l [at] > cohousing.org> wrote: > > We at Eno Commons just addressed this issue with our dues increase > discussion. Our current model follows that people facing financial issues > personally contact our treasurer and make arrangements on their own to deal > with unforeseen shortfalls. With no major issues resulting from this practice. > After our recent reserve study, we found that our current saving amount does > not meet our expected reserve needs. Thus the request to raise dues to fix > the problem. Some in our community are on tight budgets, so the topic of a > relief fund came up. Our solution was to create a fund that those who can and > want to could pay into; knowing that it was going to help a struggling > neighbor and keep us meeting the reserve funding goal. The structure of the > plan was to continue with the current model of requesting aid from the > treasurer, but the fund would be in place so that the person would not be > expected to pay shortfalls back. Each quarter the treasurer would report our > status and whether the fund was meeting the needs or not. Then after nine > months (three reports) we could re-evaluate the plan. > Our community went with an alternative plan that did not include the > implementation of a financial relief fund. But we have it in our parking lot, > for possible need in the future. > > I personally support the idea of those who can pay more than is asked are > allowed to balance out those who cannot, in order to keep the community > intact. Each community has to wrestle with values and issues, and determine > what works for the community. > Shawn Svoboda-BarberEno CommonsDurham, NC > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
- Re: a slush fund for temporary financial relief, (continued)
- Re: a slush fund for temporary financial relief Sharon Villines, October 23 2017
- Re: a slush fund for temporary financial relief Sharon Villines, October 23 2017
- Re: a slush fund for temporary financial relief Rodney Elin, October 23 2017
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