02-07-2009, 06:27 AM
Grumpyguy wrote: - $20 million dollars for the working capital fund. I don’t know what that is. You don’t know what that is. That means it isn’t going to help you.
Why wonder when you can Google:
Working capital fund - The financial resources required to meet immediate obligations in anticipation of earned income. In other words, funds used during the length of time required to convert services (which involve a cash outlay) into cash payments for those services. Human service organizations often require working capital in order to pay staff on a biweekly basis, in anticipation of pubic sector contract reimbursement payments that arrive a month or more after services are delivered and payrolls are met.
http://www.naeyc.org/ece/critical/financ...sary.asp#w
PS, Grumpyguy: if you are going to cut and paste that much information it is only polite to credit the people whom you are cutting from, especially since you made it seem as if the sardonic comments were your own. http://thevirtuousrepublic.com/?p=2723