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Question: How do I create a reserve fund and how much do I need?

Posted on by Gina

Answer: Every organization should have a reserve fund for contingencies, very much in the same way that every individual should have savings.  A contingency fund can be used for emergencies, unplanned expenses, revenue short-falls, cash flow, legal issues, and closures. Reserve funds also can be created for specific projects, as long as the amount of…

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