Law:52RZ5 Budget for the 52nd Cosa
 ADOPTED |
 RZ/PD FINANCIAL |
Ziu 52nd Clark 2nd (September 2018/XXXIX)
Uréu q'estadra så: C. Carlüs Xheraltescù, Ian Plätschisch, Viteu Marcianüs |
 Cosă: PASSED |
| Per 133 — Con 7 — Aus 48 |
 Senäts: PASSED |
| Per 6 — Con 1 — Aus 0 |
 Coronă: Assented
|
L'Anuntziă dels Legeux |
View Clark Result |
WHEREAS, as per Lex.D.2.1.5,
2.1.5. The Seneschal (or, if the Seneschal is not a Member of the Cosa, an MC designated by the Seneschal) shall be required to submit to the Ziu, in time for consideration by the second Clark of the Cosa, a government bill approved by the whole Cabinet which shall contain the following:
2.1.5.1. a detailed budget listing all planned expenses of the State through the current Cosa, specifying the amounts to be requisitioned for each Cabinet Ministry or Officer of the Royal Household and the purpose of each such expense;
2.1.5.2. any amount of the Treasury to be set aside for investment as directed by the Finance Minister and the investment policy that will be pursued;
2.1.5.3. the total amount in louise of any planned currency minting and printing, and postage issuance to be executed by the Royal Bank & Post during the term of the current Cosa.
2.1.5.4. the total amount in louise of any planned donations proposed to be requested from Talossan citizens towards the upkeep of the State. This section shall not entitle any budget to impose compulsory taxation or mandatory donations of any kind.
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
Contents
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:
Funds:
$891.81 Kingdom of Talossa savings account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest. $266.08 Kingdom of Talossa PayPal account for online transactions (stamps@kingdomoftalossa.net).
Non-cash assets:
$307.50 Nominal value of 615 0¤20 stamps in circulation $942.50 Nominal value of 1,885 unsold 0¤20 stamps held by Burgermeister of Inland Revenue $697.50 Nominal value of 93 ℓ5 coins in circulation $1,800.00 Nominal value of 241 unsold ℓ5 coins held by Burgermeister of Inland Revenue
Changes to total treasury balance since Nov 5, 2017
$1,001.46 Combined funds balance Nov 5, 2017
+$51.61 Sale of 10 coins -$3.40 PayPal fees on sale -$1.61 Shipping (reimbursed to Istefan Perþonest) +$10.50 Sale of 20 stamps -$0.73 PayPal fees on sale -$0.50 Shipping (reimbursed to Istefan Perþonest) +$6.15 Sale of 1 coin -$0.45 PayPal fees on sale -$1.15 Shipping (reimbursed to Istefan Perþonest) +$10.50 Sale of 2 coins -$0.58 PayPal fees on sale -$0.50 Shipping (reimbursed to Istefan Perþonest) +$6.15 Sale of 1 coin -$0.45 PayPal fees on sale -$1.15 Shipping (reimbursed to Istefan Perþonest) +$5.50 Sale of 1 coin -$0.33 PayPal fees on sale -$0.50 Shipping (reimbursed to Istefan Perþonest) +$60.00 Party registration fees collected -$2.50 PayPal fees on registration fees +$20.70 Sale of 4 coins -$1.09 PayPal fees on sale -$0.70 Shipping (reimbursed to Istefan Perþonest) +$2.65 Sale of 3 stamps -$0.22 PayPal fees on sale -$1.15 Shipping (reimbursed to Istefan Perþonest) +$0.68 Interest earned on bank account
$1157.89 Combined funds balance Aug 6, 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:
PRIME MINISTRY
Seneschal's Chain of Office - 33¤20 ($50)
INTERIOR
Talossaid - 16¤40 ($25) ID Cards - 16¤40 ($25)
STUFF
Webhosting reimbursements for the 50th and 51st Cosa - 144¤15 ($216.38) Webhosting costs 52nd Cosa - ℓ40 ($60): covers through July 2019.
FINANCE
Reimbursement for shipment of coins and stamps: 13¤20 ($20)
CULTURE
Initiative Support Fund - 73¤20 ($110)
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:
Election fees for the 52nd Cosa General Elections - 26¤40 ($40) Proceedings of sales (Coins/Stamps/Talossaware) - 33¤20 ($50) Donations to the Kingdom: 83¤20 ($125) Donations to TalossAID: 16¤40($25)
Total: +ℓ160 (+$240)
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.
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