Hello again!

I'm just full of questions today... here's my second.

Our board is in the process of officially establishing a restricted Cash Reserve account for financial emergencies.  For the past three fiscal years, we have shown retained earnings, which have remained in our general operating checking account.  We would like to remove these retained earnings into their own, separate, cash reserve account.  I'm sure that some of you have such reserves of your own.  Would you be willing to share your policies with regard to the funding, use, and investment of your reserves?  Do you have specific goals for how much to keep in reserves (i.e. a specific number of months worth of operating expenses, or a % of your annual operating budget)?

As always, thanks for your help.

Lori Tomlinson
Executive Director
Florida Adventure Museum
Punta Gorda, FLA USA
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