Policy Example: Finances - Capital Fund

    1. The Capital Fund is established as a permanent fund for major expenses beyond the scope of the annual budget (such as the West Deck, etc.) Funds for the Capital Fund are allocated in the annual operating budget or by special assessment. (10/15/95)
    2. Unspent dollars from a completed project will stay in the Capital Fund as “unassigned.” All Capital Fund project budgets not spent in a given year will be zeroed out at year end unless the committee responsible for the expense requests its carry over to the following year. The Finance Committee will assign “orphan” budget items to a specific committee and notify the committee. (11/17/95)