>>>>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 ========================================================= Important Subscriber Information: The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes). If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).