Merge pull request #127 from UKPythonAssociation/feature/reserves-policy

Describe Reserves Policy and provide context
UKPythonAssociation · Mar 4, 2023 · e83d7b3 · e83d7b3
2 parents 1e3922b + 2c97696
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diff --git a/source/meetings/trustees/2023-03-04.rst b/source/meetings/trustees/2023-03-04.rst
@@ -27,3 +27,4 @@ Decisions
 - :doc:`../../decisions/2023-03-04-adopt-policy-on-minors`
 - Creation of :doc:`../../policies/minors`
 - Creation of :doc:`../../policies/trustee-ballot-policy`
+- Update of :doc:`../../policies/reserve-policy`
diff --git a/source/policies/reserve-policy.rst b/source/policies/reserve-policy.rst
@@ -1,9 +1,5 @@
 Reserves Policy
 ===============
 
-We have reviewed the foreseeable risks to the UKPA and consider those
-to be that PyCon UK fails to make a surplus in a given year.
-
-The trustees decision is to hold 12 months operating cost, 50% of the financial
-assistance cost and sufficient funds to wind up the operation of UKPATL. This is
-estimated to be £20k.
+Our reserves policy is to hold a sum in reserve to cover a year's operational
+expenditure plus some contingency for unforeseen costs: this is estimated at £10k.