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Our Founders' Warning: “Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.” (Thomas Jefferson)

Budget

The budget is $90 million for the first year including start-up, $75 million for the second year including residual startup, and $60 million for subsequent years (using the dollar value as of January 1st, 2007 to be adjusted each year by the cost of living index used for Social Security pensions). The accounts shall be kept on a cash basis except for accrual of bonuses in an interest-bearing trust account. If the bonus pool needs to be “topped up” due to Members’ high performance, this shall be drawn from IQA funds and added to the budget. After an annual financial audit, and after the current year’s budget has been deposited, unused funds shall be returned to source. If the IQA wishes to change its budget, it shall submit a Direct Initiative to the Electorate proposing and justifying its budget.

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