>>>>You need to check on what the rules are for carryover of funds with 
your parent agency. If it's a government agency (county, city, 
state), there may not be a way to carry funds forward.>>>

I should have made it clear in the original question - we have no parent
agency, we're an independent non-profit. You suggest 5-10% of a year's
budget - my board is suggesting a 50-100% reserve. 

So, what's the norm, and is there a limit? Anyone else?

Carol Ely
Historic Locust Grove
Louisville

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