Proposed bylaw budget insurance

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Current:

  1. 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.
  2. The Budget must contain minimum operating expenses.
    1. Rent
    2. Insurance - Renters, and Directors
    3. Utilities - Gas, Electric, Water, Sanitation, Internet

Proposed:

  1. 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.
  2. The Budget must contain minimum operating expenses.
    1. Rent
    2. Insurance - General liability and Commercial Property as required by lease
    3. Utilities - Gas, Electric, Water, Sanitation, Internet
  3. The proposed budget must prioritize other insurance such as O&D and Renters