Bills

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RZ12 - Budget for the 53rd Cosa

WHEREAS, as per Lex.D.2.1.5,

 

AND WHEREAS this bill has been approved by all members of the Cabinet; so

A. Financial Report

THEREFORE, His Majesty's Government reports the following financial report and balance sheet to the Ziu, as certified by the Burgermeister of Inland Revenue on May 15, 2019:

Funds:
 

• $892.57 Kingdom of Talossa savings account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest.
• $244.23 Kingdom of Talossa PayPal account for online transactions (stamps@kingdomoftalossa.net).

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$1136.80 Total funds balance

Non-cash assets:
 

• $325.50 Nominal value of 649 0¤20 stamps in circulation
• $925.50 Nominal value of 1,885 unsold 0¤20 stamps held by Burgermeister of Inland Revenue
• $727.50 Nominal value of 97 ℓ5 coins in circulation
• $1,770.00 Nominal value of 236 unsold ℓ5 coins held by Burgermeister of Inland Revenue

Changes to total treasury balance since Aug 6, 2018

$1,157.89 Combined funds balance Aug 6, 2018
 

$1,136.80 Combined funds balance May 15, 2019

FURTHERMORE, as of May 26, 2019, the current value of the Louis is 1.50 USD, 2.02 CAD, 1.34 EUR, 1.18 GBP, 1.50 CHF, 2.17 AUD, 2.29 NZD, 163.94 JPY, 10.35 RMB, 5.62 SAR, 28.56 MXN, 1779.00 KRW.

B. Appropriations Request

FURTHERMORE, His Majesty's Government hereby submits to the Ziu a request for the appropriation of funds from the Royal Treasury totaling ℓ220 ($330) for the specific purposes and subject to restrictions as outlined herein:

PRIME MINISTRY:

• Postage for transferring the Seneschal’s Chain of Office 26¤40 ($40)
• MISC 16¤40 ($25)

CULTURE:

• Cultural development grants 66¤40 ($100)

STUFF:

• Webhosting Cost for one year with DoRoyal 43¤20 ($65)
• Domain Names for one year, including transfers 33¤20 ($50)
• Miscellaneous (Reimbursements for Prior Hosting, Domain Names, or any one time fees) 33¤20 ($50)

FURTHERMORE, notwithstanding the above allocations, no funds shall be disbursed without a notice of disbursement having first been transmitted to the Ziu at least fourteen days prior to the disbursement, except that disbursements solely for the purpose of postage may be made with no less than 24 hours notice. Notices shall contain details of the purchase and a cost estimate for the purchase, or the total amount paid if seeking funds for reimbursement. Copies of receipts and/or invoices will be provided upon request to Members of the Ziu.

FURTHERMORE, any funds allocated by this section shall be retained in the central fund by the Burgermeister of Inland Revenue until such time as they are disbursed. Funds not disbursed prior to the end of the government term shall remain in the central fund.

C. Fundraiser, Minting, and Other Authorizations

FURTHERMORE, the Minister of Finance, or his appointed deputy shall undertake to create manage and promote a voluntary fundraising campaign to the citizens of Talossa and other interested parties over the course of the term. The targeted amount for the campaign shall be ℓ50 ($75) in accordance with the direction of Lex.D.2.1.5.4. The proceeds of seigniorage, sales of stamps, TalossaWare proceeds, and other voluntary contributions shall be included in this total except as provided elsewhere. The expected income for the term is as follows:
 

• Proceedings of sales (Coins/Stamps/Talossaware) - 33¤20 ($50)
• Donations to the Kingdom: 16¤40 ($25)

Total: +ℓ50 (+$75)

D. Investment Policy

FURTHERMORE, His Majesty’s Government hereby directs the Burgermeister of Inland Revenue to invest all held funds into an interest-bearing savings account unless or until otherwise directed or advised by act of the Ziu.