SEA ORG RESERVES

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Definitions

often miscalled "Flag Reserves" or "Management Reserves" which they are not. SO reserves are: the amount of money collected for the corporation over and above expenses that is sent by various units (via FBOs and the Finance network) to the corporation's banks. It is used for purposes assigned by the Board of Directors and for no other purpose. These are normally employed for periods of stress or to handle situations. They are not profit. It is not support money for "Flag" or "Management." It is not operating money. (HCO PL 9 Mar 72 I)