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Develop reserve fund policies - The purpose of the arXiv reserve fund is to support unexpected expenses to ensure a sound business model. Currently, arXiv has a reserve fund of approximately $100,000 that accumulated during 2010-2011 due to unexpected staff vacancies and other savings , such as transition to virtual servers (2012 expenses have not been factored in yet). The 2013-2017 budget projections factor in a contingency fund with projections assume that we will be able to add $50,000-$100,000 per year additionsto the reserve funds. We need to develop policies about how contingency funds will be used and how the account will be structured (e.g., funds needed for closing the business versus development funds - also a part of the reserve funds to create an endowment & the interest can be use the interest for reducing membership fees). Also, we need to determine at what point of reserve fund accumulation (total reserve balance) we will consider to lower the annual membership fees.
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