Post by Miestrâ Schivâ, UrN on May 30, 2019 15:09:01 GMT -6
WHEREAS, as per Lex.D.2.1.5,
AND WHEREAS this bill has been approved by all members of the Cabinet; so
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 May 15, 2019:
Funds:
$1136.80 Total funds balance
Non-cash assets:
Changes to total treasury balance since Aug 6, 2018
$1,157.89 Combined funds balance Aug 6, 2018
$1,136.80 Combined funds balance May 15, 2019
FURTHERMORE, as of May 26, 2019, the current value of the Louis is 1.50 USD, 2.02 CAD, 1.34 EUR, 1.18 GBP, 1.50 CHF, 2.17 AUD, 2.29 NZD, 163.94 JPY, 10.35 RMB, 5.62 SAR, 28.56 MXN, 1779.00 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 ℓ220 ($330) for the specific purposes and subject to restrictions as outlined herein:
PRIME MINISTRY:
CULTURE:
STUFF:
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 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:
Total: +ℓ50 (+$75)
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.
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.
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
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 May 15, 2019:
Funds:
- $892.57 Kingdom of Talossa savings account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest.
- $244.23 Kingdom of Talossa PayPal account for online transactions (stamps@kingdomoftalossa.net).
$1136.80 Total funds balance
Non-cash assets:
- $325.50 Nominal value of 649 0¤20 stamps in circulation
- $925.50 Nominal value of 1,885 unsold 0¤20 stamps held by Burgermeister of Inland Revenue
- $727.50 Nominal value of 97 ℓ5 coins in circulation
- $1,770.00 Nominal value of 236 unsold ℓ5 coins held by Burgermeister of Inland Revenue
Changes to total treasury balance since Aug 6, 2018
$1,157.89 Combined funds balance Aug 6, 2018
| Credits | Debits |
| 10.00 Contribution to Talossa | -0.55 PayPal fee on contribution |
| 5.00 Contribution to Talossa | -0.30 PayPal fee on contribution |
| 15.50 Sale of 30 stamps | -0.83 PayPal fees on sale |
| 5.00 Contribution to Talossa | -0.50 Shipping |
| 2.50 Sale of 4 stamps | -0.30 PayPal fee on contribution |
| 6.15 Sale of 1 coin | -0.18 PayPal fees on sale |
| 10.00 Party registration fee, 53rd Cosa | -0.50 Shipping |
| 10.00 Party registration fee, 53rd Cosa | -0.45 PayPal fees on sale |
| 5.50 Sale of 1 coin | -1.15 Shipping |
| 10.00 Party registration fee, 53rd Cosa | -16.90 Talossan cultural award |
| 10.00 Party registration fee, 53rd Cosa | -0.55 PayPal fee |
| 10.00 Party registration fee, 54th Cosa | -0.55 PayPal fee |
| 5.50 Sale of 1 coin | -0.33 PayPal fees on sale |
| 5.50 Sale of 1 coin | -0.50 Shipping |
| 0.76 Interest | -107.25 Payment for chain of office |
-0.33 PayPal fees on sale | |
| -0.50 Shipping | |
| -0.33 PayPal fees on sale | |
| -0.50 Shipping |
$1,136.80 Combined funds balance May 15, 2019
FURTHERMORE, as of May 26, 2019, the current value of the Louis is 1.50 USD, 2.02 CAD, 1.34 EUR, 1.18 GBP, 1.50 CHF, 2.17 AUD, 2.29 NZD, 163.94 JPY, 10.35 RMB, 5.62 SAR, 28.56 MXN, 1779.00 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 ℓ220 ($330) for the specific purposes and subject to restrictions as outlined herein:
PRIME MINISTRY:
- Postage for transferring the Seneschal’s Chain of Office 26¤40 ($40)
- MISC 16¤40 ($25)
CULTURE:
- Cultural development grants 66¤40 ($100)
STUFF:
- Webhosting Cost for one year with DoRoyal 43¤20 ($65)
- Domain Names for one year, including transfers 33¤20 ($50)
- Miscellaneous (Reimbursements for Prior Hosting, Domain Names, or any one time fees) 33¤20 ($50)
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 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)
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.
