(b) if the amount of money in the contingency reserve fund at the end of any fiscal year
after the first
annual general meeting is equal to or greater than 25 % of the total amount budgeted for the contribution to the operating fund for the fiscal year that has just ended, additional contributions to the contingency reserve fund may be made as part of the
annual budget approval process
after consideration of the
depreciation report, if any, obtained under section 94 of the Act.