Income Sharing Agreement

Shared by Le Manoir
Tags: Income Sharing, Policies

Income-Sharing Agreement

Table of Contents

Overview

Income-Sharing Agreements
- Stipends/Allowance
- Income
- Assets
- Liabilities/Debt
- Costs covered by Le Manoir -- non-exhaustive list
- Costs not covered by Le Manoir -- non-exhaustive list

Overview

  1. We want to have a document that shows that we do not force anyone to share cos income and that it is a choice that each individual makes consciously and freely, without external pressure, threat or obligation.
  2. In addition, we want to use this document to establish as clearly as possible (though the details may change over time) what is shared and what is not.
  3. These first two steps are to reassure
    1. first, the world around us, and
    2. our members and aspiring members, since the parameters and kinds of sharing will be better defined, and
    3. perhaps also, the system, if ever "the shit hits the fan" with regard to legal or tax issues (see the history of la Cité Écologique)
  4. It is also of course for us in the future, to ensure easy integration of future members.
  5. Also, it will be an opportunity to identify the level of expenditure
    1. that is covered by the community, and
    2. that is not (and that is considered a personal expense, either from stipend/allowance or from assets if they are allowed to be used for that).
  6. This is an evolving document. Eventually, we can include here
    1. terms for leaving the community: what support the community offers to a leaving member, and according to what criteria (how long a person has lived in the community)
    2. Also in this document we could include loan terms (if members choose to lend their assets to the community, how to repay them, over how long, at what rate, etc.). These loans or donations may also include items (car, house, tools) lent to the community (but what happens in the case of breakage, loss, theft ... what are the alternative arrangements and who shoulders the cost?)
    3. travel or other personal projects outside the community



Introduction:  the values ​​and principles behind our choice to income-share

  • Egalitarianism
    • 1 hour is worth 1 hour
    • Sharing income, but not assets, is this egalitarian since some people have more than others?
    • Egalitarianism in the case of eventual departure (After)
    • Egalitarianism in the context of the community (During)
    • Egalitarianism in the society which births it (Before)

Income-Sharing Agreements

Finances

Income

Each member of Le Manoir, provisional or permanent, contributes by giving income to the community. They contribute the total of what they earn in the communal pot and then they receive a monthly stipend from the communal pot. Money and goods are considered income. This includes:

  • One’s salary from paid work
  • Unemployment benefits or social assistance,
  • Income generated in common, whether by
    • sale or exchange of goods or services produced within the community
    • through a business
    • or through unpaid work (cooking, subsistence agriculture, a favor to a friend, etc.)
  • Grants, excluding “la prime à l’établissement” [TRANSLATORS DON’T UNDERSTAND THE SPECIFIC TRANSLATION.]

This also includes:

  • Donations to the community
  • Contest prizes

This excludes:

  • Gifts or donations to an individual
  • Inheritance
  • Lottery winnings when purchased with personal money

To clarify:

  • Interest on investments or debts
  • Profits from assets (house, car or other; rental income - maintenance costs)

 

WE STOPPED HERE COME BACK COME BACK COME BACK :-)

 

the services trade are treated with common sense. The hours can be exchanged either personal or collective.

  • The payments which are difficult shareable be received by the member having exchanged service (massage, clothing, for example). Hours exchanged in this context are  personal inhours
  • slip Warning: if the exchange service is used to "bypass" revenue sharing, receiving valuables rather than money to get them to do not having to share it.

the assets

This is the money, property and possessions that member-e had before he came in the Manor.

Lea member retains ownership of its assets.

the initial principle is to avoid disparity of wealth between members. If a member-e choisissent to use their assets, ille is invited to do so with awareness and respect for other members.

Debt

The  member remains liable for its debts.

There is a difference between "having debts "and" be in debt

  • "Having debts.it could be a mortgage, but payments can be provided by a rent; one can have a debt and have the funds to  it paybut choose to keep it for strategic reasons (pay with a credit card to avoid bank charges, keep student debt for low interest and deductions of tax, etc.)
  • Being in debt: have debts that you can pay back by working a salaried basis. Is to be in the negative.

A member happens with debts will have to deal during qu'ille is the Manor.

We considered various options in another document: https://docs.google.com/document/d/1uZ1rRM6-WQekmGqBtiXSV5fSxUX47DRY6zPdzxbAARA/edit?usp=sharing

Après having worked the required hours for the Manor, she may have a job that can pay its debts. In addition, a person who wants to have more than $120 per month can get a job after working all hours required for the Manor. This money will only be used to pay its expenses lorsqu'ille is outside of the community.

Expenses

planning

one day we will make an assessment and forecasts for the year. It will give us a better idea of the money that was to cover these expenses!

Allocations

Each person in the community will receive a monthly allowance. Since September 2015, this amount is $120, and may be subject to change.

This allowance is used to meet the desires and needs of each individual person without the latter having to ask the other members of the community s' they can take the common money.

Each person will receive either in cash or transferred to his personal account.

common pot, the reserve

requirements for projects requesting a higher amount, and / or may vary lea member , circumstances, or e-tastes, here's what we thought:

  • It may be a "reserve", a kind of pot that contained a collective annual amount that can cover personal expenses. The spending request in the reserve should be subject to consultation of the group. For example:
    • Travel. They say for example $ 5000 / year, a person could go to Vietnam, 2-3 others to tour the Gaspé, Abitibi or go to the wedding or the funeral of a relative, and someone not in use at allholidays.
    • the family  $ 50 / week for food, paid transportation, accommodation to see (we assume that you're hosted by family or friend-es). These expenses could possibly get into the travel budget.
    • Clothes. It can cover up to a maximum of $ 200 / member, beyond which ille will pay for with its own allocation, could someone not in use at all.
      • Which category falls the work equipment (boots , protective equipment, etc.)? In the expenditure of laborneeds:

costs covered by the manor (non-exhaustive list)

Basic

  • food (except exlusion)
    • gardening
    • grocery
  • housing
    • rent / mortgage
    • electricity / heating
    • communication (internet and phone)
    • insurance houses
    • municipal and school taxes
    • maintenance
  • displacement
    • bus
    • bikes, skis, shoes,scooter
    • cool carpooling
    • tank(permits, gasoline / electric / potato oil, registration, repair and maintenance, insurance)
  • health
    • pharmacy
    • medicines,
    • health care  conventional and traditional (dentist, optometrist, acupuncture, osteopath, psychologist)
  • Clothing
    • winter kits (in the pot)

 

the fee for making  for

  • money:work
    • clothes and boots
    • permit or membership  a training sequence
    • of

expenditure not covered by the Manor (non-exhaustive list)

paid by the personal allowance or the assets of a a member:

  • coffee
  • chocolate bar (chocolate used in cooking, it is covered :-P)
  • luxury goods (meat, seafood,)
  • which are expensive stuff without that there is consensus for buy
  • alcohol
  • drug
  • cigarette

Modality spending

money makes in common is shared in a joint account.

  • Each member has a debit card to access the account.
  • probationary members have no card. They may make expenditures for the Manor and ask to be reimbursed.
  • For now, this is an account 1 signature (that is to say, for any withdrawal, only one person can do ). Eventually, we could establish an amount from which two signatures are needed (say, for a cost of over $ 500)

We should all spending that we want to do for the group, especially when it comes to big expenses. It's also a way to find alternatives where possible (find, recycle, share, etc.).

  • Spending  than $ 100 more without consensus of the other members may be withheld and paid by lea member.
  • Budgets can be attributed to committees or holders who will spend it to fulfill their mandate.

it takes stock of the expenses every month. It is important to keep track of these expenses (invoices, references) to allow us to collectively keep track of the money that goes in and out.

Declaration

Here is the list of my assets (money, possessions and properties) and my liabilities and expenses (family allowance, for example). Herewith, official documents accompanying each of these elements.

 

I solemnly declare that the information subject to this declaration is accurate and complete. I understand the terms of the revenue share for the Manor community and I totally agree with the

 

above.Signature:

Date: