> For the complete documentation index, see [llms.txt](https://governance.tomediaarts.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://governance.tomediaarts.org/board-structure-and-roles/board-procedures/operating-reserve.md). # Operating Reserve In the event there exists a deficit between the operating reserve account balance as required under the TMAC operating reserve Policy (20% of budgeted annual operating expenses), and the amount actually in the operating reserve (based on audited financial results), every effort should be made to eliminate the deficit in a minimum of three years, with one third of the deficit balance being funded in the current operating budget, until the operating reserve is restored to the minimum required balance. In the event the annual operating budgeted expenses result in a reduction in the required balance, no additional funding may be required. The objective of ensuring that the operating reserve balance meets or exceeds the required amount can be achieved through a combination of lowering budgeted expenses or increasing the amount invested in the operating reserve account. In the event operating expenses are budgeted to increase resulting in an operating reserve deficiency, the Board will budget to fund the required operating reserve balance. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://governance.tomediaarts.org/board-structure-and-roles/board-procedures/operating-reserve.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.