59RZ15 - Budget and Financial Planning Bill for the 59th Cosa

WHEREAS the Organic Law directs that each government submit a budget by the second Clark of their Cosa term, and better late than never,

PART A: Financial Report

Please note that the amounts in this report use the traditional ¢ 60 bence to the louis ℓ see: https://wiki.talossa.com/Currency rounded up from US$ divided by 1.5

The current funds of the Kingdom consist of a checking account, a savings account, and a Paypal account. On report from the Burgermeister of Inland Revenue as of 30 November 2023, these accounts stand at the following balances:

• Checking: 31¢04 (US$46.60)
• Savings: 806¢41 (US$1,210.04)
• PayPal: 326¢15 (US$489.38)

Total: ℓ1,164 (US$1,746.02)

Note that as of 13 December 2023 various additional reporting regulations were implemented on PayPal which provide impetus towards transition for the account from a named individual to a not-for-profit association tax identity.

Since the last legal Financial Report in 30 Mar 2023, on report from the Burgermeister of Inland Revenue the following changes to account balances have occurred as of 30 November 2023:

• Checking: unchanged
• Savings: + 21¢01 (US$31.54)
• PayPal: + 142¢37 (US$213.94)

Total : + 163¢39 (US$245.48)

The following are the expenditures which occurred between 30 Mar 2023 and 30 November 2023:

• There was an expenditure of US$54.27 to NameSilo which was balanced by an equal refund in a first attempt to relocate the domain listings. In this time period there were no charges by an ISP
• There was an expense of US$50 to The Voices Project for Syria Earthquake Relief

The following are the revenues which were booked between 30 Mar 2023 and 30 November 2023:

• Income from contributions (altruistic and office fees) net US$168.04 after PayPal fees
• Income from sales of coin and stamps net US$76.16 after PayPal fees (The Burgermeister has donated shipping and postage for coin and stamp sales.)
• Income from interest US$31.54
• Other income under investigation US$19.74

The amount of current coinage and stamps in circulation and in reserve is currently unknown as there was a lack of tracking information provided by the previous Burgermeister. The stamps on hand remain uncounted due to some that were damaged in shipment (they are still plentiful on the spool) and the number of coins on hand total 189.

PART B: Budget

THEREFORE, His Majesty's Government hereby submits to the Ziu a request for the appropriation of funds from the Royal Treasury totaling ℓ250 (US$375.00) for the specific purposes and subject to restrictions as outlined herein:

Ministrà dal Cúltură
• Culture grants 66¢40 (US$100.00)
This amount will be set aside for fulfillment of any Culture Initiative Support Fund grants. These grants are intended to help spur and reward activity from our citizens, providing them with small amounts to support language, journalism, or other cultural plans. In previous years, most of this money has gone unspent.

Ministrà dal Tec'hnoloxhà
• Speculative Webhosting costs ℓ150 ($225.00 USD)
As the Ministreu dal Tec'hnoloxhà explores different options in conjunction with Permanent Secretary da Schir, the Government is erring on the cautious side and appropriating sufficient funds to meet a variety of needs including new domain registry and potential ISP fees.

Ministrà dels Afaes Utphätseschti
• BHAID 33¢20 ($50 USD)
The Bureau for Humanitarian Aid and International Development will continue its support for important causes worldwide.

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.

PART C: Investment Policy

FURTHERMORE, His Majesty's Government hereby directs the Burgermeister of Inland Revenue to invest all held funds above 66¢40 (US$100.00) into a high-interest savings account unless or until otherwise directed or advised by act of the Ziu.

PART D: Coinage and Postage

FURTHERMORE, His Majesty's Government has no plans to coin monies or print postage during this term, as supplies remain sufficient to sustain both markets.

PART E: Donations Target

FURTHERMORE, His Majesty's Government proposes a voluntary fundraising goal of 133¢20 (US$200) over the course of this term.

Ureu q'estadra så,
Þerxh Sant-Enogat (Seneschal)