Café Card Memorandum

Effective October 2023, the cafe operates on a new fiscal year from October 1st to September 30th.
The major change is that on September 30th, the cafe operator gets the remaining funds every year, unlike in the past, where this was done on December 31st.

As of October 1st, 2023, 9 months of cafe funds collected for 2023 will be used to cover the cafe card funds available to all. Each owner will receive $225 worth of funds instead of the $205 they have contributed but will keep contributing $205 until December 2023.

They will be able to use these funds until September 30, 2024

Part of the surplus from 2023 will cover the difference of $21,920 so that the owners do not have to pay anything additional in the year 2023.

Starting from October 2024 and for the next 3 years, up to September 2027, the cafe card will have $240 per unit per year. (October to September)

Starting October 2027, the beginning of the final fiscal year of the 5-year agreement with Dala Cafe 4, owners will get $260 for the year (October 2027 to September 2028).