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Beacon Press Financial Policy: UUA Governace Manual Appendix 2.C

  1. The President shall manage Beacon Press to avoid an operating deficit of more than $300,000 in any one fiscal year or of more than $600,000 in any three-fiscal-year period.
     
  2. If either deficit limit is exceeded, the President shall present to the Board within 90 days a plan to prevent future deficits.
     
  3. In each fiscal year from 2009 through 2013, the Beacon Press budget segment shall receive from the UUA [Unitarian Universalist Association] current operations budget a support payment equal to the amount that Beacon is charged for the use of space in UUA buildings.
     
  4. The President, without prior Board approval, shall not permit Beacon Press to:
     
    1. spend or commit to spend on any single project an amount that exceeds 3% of Beacon’s total expenses in the prior fiscal year, or
       
    2. spend or commit to spend on one or more projects amounts that would cause Beacon’s liquid assets (defined as cash, cash equivalents, and investments) or its unrestricted net assets to fall below 20% of Beacon’s total expenses in the prior fiscal year.

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Last updated on Friday, November 30, 2012.

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