Financial Contingency Planning

Financial Contingency plan: Sources of investment firming
Trina Burkett
AJS/522
June 18, 2012
Gaylia Clark

Financial Contingency Planning: Sources of Funding
A financial accident fund is an amount of stead that is set aside to be only employ in case of an emergency, natural tragedy, or major equipment malfunction. Financial contingency plan helps businesses, the government activity, and families prepare for unforeseen exits. Contingency pecuniary resource lavatory help protect against the possible loss of important property or equipment. Contingency funds crumb be used in case of an emergency or unanticipated event. there are many sources of funding that is used at convey and local anesthetic levels, such as government taxes, nonprofit organizations, and reclusive donations. There are disadvantages and advantages to having a financial contingency fund.
A contingency plan is also referred to as a worst-case scenario planner, an seditious events planner, or a disaster recovery plan (Tatum, 2003). A contingency plan is a plan that allows for the government, business, or a family to prepare for unexpected future breakdowns and events. Contingency plans are enforced to continue on without little or no severance or interference.




A contingency fund is a leave fund that is set aside to help cover the unexpected expenses that are outside the normal operating budget. Contingency funds allows for protection against possible losses in an emergency situation. Governments, organizations, and families can benefit from having a contingency fund as destiny of the overall budget plan (Tatum, What is a Contingency Fund?, 2003). The government usually identifies contingency funds as a disaster recovery fund or a disaster assistance fund (Tatum, What is a Contingency Fund?, 2003). The government contingency fund is used to provide assistance to local and state citizens when a natural disaster or the rescue decreases. For the contingency fund to be used in the event of a disaster, the disaster...If you want to get a full essay, edict it on our website: Orderessay



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