Bills

Cosa Menu

RZ5 - Budget for the 52nd Cosa

WHEREAS, as per Lex.D.2.1.5,
 

WHEREAS the Organic Law directs that each government submit a budget by the second Clark of their Cosa term, 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 6 August 2018:

FURTHERMORE, the current value of the Louis is 1.50 USD, 1.95 CAD, 1.29 EUR, 1.16 GBP, 1.49 CHF, 2.02 AUD, 2.23 NZD, 166.40 JPY, 10.25 RMB, 5.63 SAR, 27.71 MXN, 1,675.73 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 337¤35 ($506.38) for the specific purposes and subject to restrictions as outlined herein:

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 ℓ160 ($240) in accordance with the direction of Lex.D.2.1.5.4. The proceeds of seigniorage, sales of stamps, TalossaWare proceeds, and other contributions shall be included in this total except as provided elsewhere. The expected income for the term is as follows:

D. Investment Policy

FURTHERMORE, His Majesty’s Government hereby directs the Burgermeister of Inland Revenue to continue to invest all held funds into an interest-bearing savings account.