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Home > Economy > Economic experiments > The Circles > Circle news |
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Circle news |
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In the AVNews # 908, October 13th, 2001, the following note was published: Dear Circle Members, We are in the process of writing a newsletter to
inform the members of the circles and the community at large about the
recent developments. This will follow in next weeks' News. Over the past six months the circles have experienced considerable freedom in their spending. We have accumulated a minus of approximately Rs 7.5 lakhs, out of which Rs 6 lakhs were covered by the Ts 1-lakh per month buffer donation for this experiment by Maroma. This leaves us with a minus of Rs 1.5 lakhs. The Financial Service has requested the coordinators to reduce the over expenditure so as not to exceed the 1-lakh-per-month buffer, since the Central Fund itself does not have the funds to cover the excess expenditure. This has taken form as a two-fold process;1. Generating more income Different circle members have come up with ways to generate more circle income and we hope that others will follow. A funding proposal has also recently been written and is in the process of being refined. 2. Decreasing our over expenditure
To summarise, the overall situation necessities all our best efforts to increase our sustainability. We as coordinators are offering our time and energy (in addition to our other regular work) in a spirit of service, and invite a more people to become involved.
Circle Coordinators |
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