Law:60RZ13 The Budget and Financial Planning (60th Cosă) Act
 ADOPTED |
 RZ/PD FINANCIAL |
Ziu 60th Clark 2nd (September 2024/XLV)
Uréu q'estadra så: Lüc da Schir |
 Cosă: PASSED |
| Per 175 — Con 20 — Aus 5 |
 Senäts: PASSED |
| Per 7 — Con 1 — Aus 0 |
L'Anuntziă dels Legeux |
View Clark Result |
WHEREAS, the Organic Law directs that His Majesty's Government submit a Budget by the second Clark of the current term of the Cosă,
SECTION A - Financial Report THEREFORE, His Majesty's Government notifies the following financial report to the Ziu:
The current funds of the Kingdom consist of a checking account, a savings account, and a PayPal account. The former two are currently held at Ally Bank, and are in the process of being transferred to Wells Fargo Bank by the Burgermeister of Inland Revenue.
Based on reporting from the Burgermeister of Inland Revenue as of 30 June 2024, and subsequent payment of registration fees between July 2nd and July 11th, these accounts stand at the following balances:
- Checking: 31¤04 (US$46.60)
- Savings: 826¤39 (US$1,239.97)
- PayPal: 427¤04 (US$640.59)
Total: 1284¤46 (US$1,927.16)
Between the June 30th Treasury report and the previous Treasury report as included in the Budget for the 59th Cosă, the following changes had occurred:
- Savings: + 19¤57 (US$29.93) from interests earned
- PayPal: + 54¤08 (US$81.21) from a contribution by one citizen totaling 3¤20 (US$5.00), payment of registration fees by COFFEE and IND, and sales of coins, stamps and items on printify.com
Total : + 74¤06 (US$111.14)
No expenditures have occurred, as Talossa's webpresence is run at no cost for the time being.
Since the June 30th Treasury report, a number of registration fee payments have been publicly noted by the Burgermeister, along with a single contribution:
- PayPal: + 46¤40 (US$70.00) from a contribution by one citizen totaling 3¤20 (US$5.00) and payment of registration fees
Total : + 46¤40 (US$70.00)
SECTION - Budget
FURTHERMORE, His Majesty's Government hereby submits to the Ziu a request for the appropriation of funds from the Royal Treasury, totaling 266¤40 (US$400.00), for the specific purposes and subject to restrictions as outlined herein:
- Ministry of Culture: 33¤20 (US$50.00) for cultural grants - Ministry of Technology: 133¤20 (US$200.00) for speculative webhosting costs - Ministry of Foreign Affairs: 33¤20 (US$50.00) for expenditure by the Bureau of Humanitarian Aid and International Development - Ministry of STUFF: 33¤20 (US$50.00) for the issuing of ID cards - Prime Ministry: 33¤20 (US$50.00) for supplemental funding to other appropriated funds, and for small expenses (eg. postage) by the Government and Royal Civil Service
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 Royal Treasury's accounts by the Burgermeister of Inland Revenue until such time as they are disbursed. Funds not disbursed prior to the end of the term of His Majesty's Government shall remain in the central fund.
SECTION C - Investment Policy
FURTHERMORE, His Majesty's Government hereby directs the Burgermeister of Inland Revenue to continue investing all held funds, except for an amount of liquidity needed for day to day operation up to half of the total of appropriated funds as listed in this Budget, into a high-interest savings account unless or until otherwise directed or advised by act of the Ziu.
Uréu q'estadra så: Lüc da Schir - Minister of Finance, on behalf of His Majesty's Government
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