Emergency Budgeting

From 24-7Wiki

When 24-7 Prayer expenditure outstrips income and it is likely we will need to dip into our financial reserve, we implement an emergency budgeting procedure.

Once emergency budgeting has been implemented all non-urgent expenditure ceases, and any expenditure against the main 24-7 account (or any committment to activities that require funding) requires the General Manager's approval. There are no exceptions.

24-7 Prayer accounts managed separately to the core account are still subject to their normal controls and oversight. In times of emergency budgeting there will not be able to be any assistance with cashflow (or indeed losses) in other accounts, and therefore particularly cautious budgeting should be observed with these accounts.

The period of emergency budgeting continues until the General Manager signals that normal budgetary processes may resume.