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<p class="MsoNormal">I thought I would put this here instead of on the FB group but will post there as well if you want me to…<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoPlainText">Most nonprofit leadership groups recommend at least a 90 day cash reserve. This does not have to be in a separate account, but it might help the organization keep it in reserve. Ninety days of cash would allow a nonprofit to continue
operations while receiving no sources of income. A method of arriving at this number is to research your last 12 months total expenses and divide by 12, to get you average monthly expenses. Multiply this number by 3 (3-months) to determine your estimated cash
reserve need. If for some reason, your last three months expenses have been higher than normal, simply use the last three months total expenses as your estimated cash reserve need.<o:p></o:p></p>
<p class="MsoPlainText"><o:p> </o:p></p>
<p class="MsoPlainText">Secondly, there can be questions about increasing this reserve for more than three months. It is entirely a board of directors decision. The tension will always be the balance between a cash reserve and the reaction of funders seeing
a large amount of cash. Will funders help fund the organization that has too large a cash reserve? Larger reserves beyond 90 days usually requires deeper discussions with funders. Again, it is a board decision, but every organization is wise to have at least
90 days of cash reserves. <o:p></o:p></p>
<p class="MsoPlainText"><o:p> </o:p></p>
<p class="MsoNormal">Hope this helps! <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">Kelli S. Yadon<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-family:"Myriad Pro",sans-serif">Oklahoma Main Street Center<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">900 N. Stiles Ave.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">Oklahoma City, OK 73104<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">c: 405.778.9375<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">o: 405.815.5379<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif">800.879.6552 (toll-free)<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-family:"Myriad Pro",sans-serif"><o:p><span style="text-decoration:none"> </span></o:p></span></u></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Myriad Pro",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Myriad Pro",sans-serif"><img width="274" height="187" style="width:2.8541in;height:1.9479in" id="Picture_x0020_1" src="cid:image001.jpg@01D5F920.71C65270" alt="OKLAHOMAMAINSTREETCENTER"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;color:#002060"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;color:#002060"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;color:#002060">OK, LET’S COUNT! Census 2020<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:black">The 2020 U.S. Census is right around the corner! It is important that all Oklahomans are counted. Want to do your part to spread the word? Sign up for the </span><span style="font-size:10.0pt;color:#0070C0"><a href="https://public.govdelivery.com/accounts/OKDOC/subscriber/new?topic_id=OKDOC_112"><span style="color:#0070C0">OK,
LET’S COUNT community partner email</span></a></span><span style="font-size:10.0pt;color:black">!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:black">Learn more about the 2020 Census at </span><span style="font-size:10.0pt;color:#0070C0"><a href="http://www.okletscount.org/"><span style="color:#0070C0">OKletscount.org</span></a></span><span style="font-size:10.0pt;color:black">.<o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.0pt;color:#002060">When Everyone Counts, Everyone Wins!</span></i></b><span style="font-size:10.0pt;color:#002060"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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