Proposed bylaw budget insurance
Current:
- The Budget must contain the minimum number of members LVL1 must maintain for the budget to viable. If membership drops below this number for 3 consecutive months then the budget is voided and LVL1 operates with no budget.
- The Budget must contain minimum operating expenses.
- Rent
- Insurance - Renters, and Directors
- Utilities - Gas, Electric, Water, Sanitation, Internet
Proposed:
- The Budget must contain the minimum number of members LVL1 must maintain for the budget to viable. If membership drops below this number for 3 consecutive months then the budget is voided and LVL1 operates with no budget.
- The Budget must contain minimum operating expenses.
- Rent
- Insurance - General liability and Commercial Property as required by lease
- Utilities - Gas, Electric, Water, Sanitation, Internet
- The proposed budget must prioritize other insurance such as O&D and Renters