Cohousing-L Mailing List: Borrowing against reserves? Was Re: [C-L]_Re: Annual Budget Party Idea

[Mabel Liang (mabel]

Excuse me, but WHAT is required by law in California?  I can't imagine that
anyone is forcing you to borrow money.

Thanks!

                                                -- Mabel :-)

Mabel Liang
Cornerstone Village Cohousing
www.cscoho.org
North Cambridge, MA

Occupancy starts later this month!  Two townhouses left!
mabel [at] twomeeps.com

At 07:07 AM 11/3/01 -0800, pattymara [at] juno.com wrote:
>Diane and list,
>Thanks so much for digging this one out.  At Tierra Nueva (cen. CA coast)
>we have been letting the finance team create the first three years of
>operating budgets.  I personally think it is time for the rest of us to
>get involved in the process, since we have a big capital expense looming
>on the horizon.  We are digging our own well for orchard irrigation. 
>This year will be the first year that we may be borrowing against the
>reserves (required by law in California) to fund the well digging.  
>

<snip>

Mabel Liang
mabel [at] twomeeps.com
_______________________________________________
Cohousing-L mailing list
Cohousing-L [at] cohousing.org  Unsubscribe  and other info:
http://www.communityforum.net/mailman/listinfo/cohousing-l