[Cynnabar] BoC - Settlement funding discussion

[Aaron Elkiss]

So I guess the answer to whether to give more right now depends on
whether local groups can contribute their share, and whether Kingdom
will be able to cover the difference if they can't. If it's clear
Saturday that not all groups will be able to meet their obligation AND
that Kingdom wouldn't be able to cover it in the short term, it seems
reasonable to give whatever we can afford.

-a

On Tue, Feb 7, 2012 at 3:31 PM, Charles J. Cohen <charles at eecs.umich.edu> wrote:
>
>>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