[Cynnabar] BoC - Settlement funding discussion

[Charles J. Cohen]

>If additional money right now helps something dire from happening then
>by all means, let's give as much as we can, but so far nobody has made
>it clear what that might be. My fear is that we give a great deal now
>only to find that in a month's time that with all the facts we could
>have made a better decision about how to distribute it. If everybody
>pays their 18% share right now, that covers it, right? What I'm trying
>to get at is: assuming all local groups pay their 18% of their
>year-end 2010 assets, why is additional money needed immediately? If
>not all groups pay their 18%, what will happen if the Kingdom or
>Corporate is unable to come up with the full settlement in 10 days?
>Does Kingdom or Corporate find it likely that not all groups will be
>able to give the 18%?

I don't know the answers to these questions. The only part I can answer
is this (from http://www.sca.org/BOD/announcements/settlementFAQ.pdf):

"The due date for each invoice that will be sent to the Kingdoms will be
10 business days from receipt of the invoice. We do realize that some
Kingdoms may not have the full amount immediately available within the
Kingdom account, so the corporate office will work with these particular
Kingdoms to discuss different methods of collecting the funds and/or
making the required payment."

So basically if groups don't pay, the Kingdom is on the hook for
covering the difference.

- Midair