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Author Topic: Introducing the Rollover Fund  (Read 2566 times)

Offline Djehutyendy

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Introducing the Rollover Fund
« on: August 21, 2019, 10:14:20 pm »
Em hotep, everyone!

I would like to announce that as of today, we will be implementing a Rollover Fund with the additional money that we raise through donations that does not go toward general expenses and Hemet's salary. As a reminder, the first $500 that we raise goes toward general House of Netjer and minor Tawy expenses. The money we make after that, in increments of $500, goes toward Hemet's salary ($500 = one 8-hour work day per week; $1,000 = two 8-hour days per week, etc). Up until today, the remaining money that was left over after these allotments had been saved in the temple's account. Now we will start focusing on giving Hemet(AUS!) the maximum amount of donations that we receive.

The Rollover Fund will be used to rollover the extra money that is raised from a fundraising period toward Hemet's salary in a later period. Instead of doing a simple rollover of all of the remaining money month-by-month, we will be managing the money to help control the amount that is dispersed. We will do this by having a maximum rollover amount of $250 to be dispersed at a given time. This means that the difference between the amount of money that is raised and the amount of the next salary tier must be less than $250. Please see this diagram with examples to help understand how this will work. If you have further questions on this process, please don't hesitate to ask.

The purpose of managing the money with a rollover cap is our attempt to create stability with how Hemet receives the money. A major concern of mine is that Hemet will receive lots of rollover money one month but very little funds the next, therefore she could go from working three 8-hour work days per week down to one 8-hour day per week. Fluctuations like that are drastic and unstable. If my idea for a rollover cap does not seem to work after giving it a shot for a few months, then I will be happy to re-evaluate how to handle this Rollover Fund. But rest assured that even though this money is being managed, the goal is to get it all back to Hemet. This Rollover Fund cannot negatively impact Hemet's salary, it can only benefit it.

Endy and the Fundraising Team

Edited to add: Today is the beginning of the Rollover Fund. During the fundraising period that just ended yesterday, we raised a total of $2,594.76. This means that the Rollover Fund currently has:
« Last Edit: August 21, 2019, 10:19:40 pm by Djehutyendy »
Daughter of Djehuty | Beloved of Hethert-Sekhmet and Geb
Please feel free to reach out to me if you ever need anything or just want to talk! (Email: ; Discord: Djehutyendy#5816)


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