Law:54RZ9 The 54th Cosa Budget
 ADOPTED |
 RZ/PD FINANCIAL |
Ziu 54th Clark 2nd (February 2020/XLI)
Uréu q'estadra så: Miestrâ Schivâ |
 Cosă: PASSED |
| Per 132 — Con 15 — Aus 0 |
 Senäts: PASSED |
| Per 6 — Con 1 — Aus 0 |
L'Anuntziă dels Legeux |
View Clark Result |
WHEREAS Lex.D.2.1.5 states the following:
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.
AND 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
PART A: State of the Treasury
THEREFORE, His Majesty's Government transmits the following State of the Treasury report to the Ziu, as certified by the Burgermeister of Inland Revenue on January 12 2020:
(i) Balances of Treasury accounts:
709¤1 ($1063.54) Kingdom of Talossa savings account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest. 26¤15 ($39.37) Kingdom of Talossa checking account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest. 44¤6 ($66.15) Kingdom of Talossa PayPal account for online transactions (treasury@talossa.com).
779¤22 ($1169.06) Total Funds
(ii) Non-cash tangible assets:
0¤20 Stamps: Nominal value of stamps in circulation = 217¤20 ($326.00) Nominal value of unsold stamps = ℓ616 ($924.00) Number of stamps in circulation = 652 Number of unsold stamps held = 1,848
ℓ5 Coins: Nominal value of coins in circulation = ℓ525 ($787.50) Nominal value of unsold coins = ℓ1140 ($1,710.00) Number of coins in circulation = 105 Number of unsold coins held = 228 (Unsold stamps and coins held by the Burgermeister of Inland Revenue)
(iii) Report of income and expenditure since previous budgeting period:
GROSS INCOME + Sale of coins: 28¤14 ($42.35) + Sale of stamps: 0¤40 ($1.00) + Political party registration fees: 33¤20 ($50.00)
+ TOTAL GROSS INCOME: 62¤14 ($93.35)
EXPENDITURE - PayPal fees: 2¤53 ($4.34) - Shipping costs: 1¤54 ($2.85) - Website hosting costs: 42¤48 ($64.20)
- TOTAL EXPENDITURE: 47¤35 ($71.39)
(iv) BALANCE SHEET (in USD):
CREDITS DEBITS
20.70 Sale of 4 coins -1.09 PayPal fee
-0.70 Shipping costs
1.00 Sale of 1 stamp -0.10 PayPal fee
-0.50 Shipping costs
11.15 Sale of 2 coins -0.77 PayPal fee
-1.15 Shipping costs
10.50 Sale of 2 coins -0.58 PayPal fee
-0.50 Shipping costs
10.00 Party registration fee -0.55 PayPal fee
10.00 Party registration fee -0.70 PayPal fee
10.00 Party registration fee -0.55 PayPal fee
10.00 Party registration fee
10.00 Party registration fee
-64.20 Website Hosting
0.15 interest (checking acc)
10.15 interest (savings acc)
TOTAL TREASURY BALANCE on May 15 2019 = 757¤52 ($1136.80) PLUS gross income of 62¤14 ($93.35) = 820¤6 ($1230.15) PLUS cumulative interest of 0¤6 ($0.15) paid on checking account = 820¤12 ($1230.30) PLUS cumulative interest of 6¤46 ($10.15) paid on savings account = 826¤58 ($1240.45) MINUS total expenditure of 47¤35 ($71.39) = 779¤22 ($1169.06) TOTAL TREASURY BALANCE on January 15 2020 = 779¤22 ($1169.06)
FURTHERMORE, as of January 15 2020, the current value of the Louis against other currencies is as follows:
United States Dollar USD 1.50 Canadian Dollar CAD 1.96 Eurodollar EUR 1.35 Pound Sterling GBP 1.15 Swiss Franc CHF 1.45 Australian Dollar AUD 2.18 New Zealand Dollar NZD 2.27 Japanese Yen JPY 164.77 Chinese Yuan RMB 10.33 Saudi Riyal SAR 5.63 Mexican Peso MXN 28.19 South Korean Won KRW 1736.25
PART 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 120¤6 ($180.15) for the specific purposes and subject to restrictions as outlined herein:
CULTURE:
- Competition prizes and associated costs: 66¤40 ($100)
STUFF:
- Webhosting costs for one year with DoRoyal: 42¤48 ($64.20) - Domain Names for one year, including transfers: 10¤38 ($15.95)
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. 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, incorporating a Patreon campaign, to the citizens of Talossa and other interested parties over the course of the term,. The targeted amount for the campaign shall be ℓ50 ($75) in accordance with the direction of Lex.D.2.1.5.4. The proceeds of seigniorage, sales of stamps, TalossaWare proceeds, and other voluntary contributions shall be included in this total except as provided elsewhere. The expected income for the term is as follows:
+ Proceedings of sales (Coins/Stamps/Talossaware) - 33¤20 ($50) + Donations to the Kingdom: 16¤40 ($25)
+ Total: +ℓ50 (+$75)
PART D: Investment Policy
FURTHERMORE, His Majesty’s Government hereby directs the Burgermeister of Inland Revenue to invest all held funds into an interest-bearing savings account unless or until otherwise directed or advised by act of the Ziu.
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