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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Hello to all,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>As part of the Baronial meeting last night, we discussed sending in additional funds to help out with the settlement needs by Kingdom and Corporate. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Normally, there is a 3 meeting discussion requirement for any expenditure. However, Cynnabar does have a written policy for expediting expenditures. I will try to get a copy of the full Baronial Financial Policy up on the baronial web-site in the next couple of days, but I’ll include the wording of the specific sections for clear reference.<o:p></o:p></p><p class=MsoNormal style='margin-left:.5in'><i>2.ii.1. An expedited expenditure will be determined at the meeting, if it is necessary. This will be determined by the participants present at the meeting.<o:p></o:p></i></p><p class=MsoNormal style='margin-left:.5in'><i>2.ii.2. The Seneschal can request an expedited expenditure without prior group approval, if the situation warrants it.<o:p></o:p></i></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>At the town hall meeting at Val Day, the Crown/Kingdom officers said that the financial situation the settlement is causing is an emergency. The Society Seneschal who was standing there also was nodding his head to this as well. It was made clear that Kingdom is in financial straits right now and everything that can be done to help is needed.<o:p></o:p></p><p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>-<span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>It was proposed that Cynnabar send in a full $1000 (one thousand dollars) to Kingdom (on top of the minimum 2010 18% that we already turned in at Val Day).<o:p></o:p></p><p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>-<span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>It was therefore put to everyone at the meeting that this was an emergency situation and we should expedite this expenditure by skipping the normal 3 meeting rule. Everyone at the meeting agreed. <o:p></o:p></p><p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>-<span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>Everyone agreed that the full $1000 was good and we should send it to Kingdom (noted for “litigation fund”).<o:p></o:p></p><p class=MsoListParagraph style='text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><span style='mso-list:Ignore'>-<span style='font:7.0pt "Times New Roman"'> </span></span><![endif]>A check was cut and signed at the meeting and mailed today (Tuesday) to the (new) Kingdom Exchequer.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Some additional details from the discussion<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>It was determined to just send the money to Kingdom and let them decide the best way it needs to be used. Kingdom fronting a lot of the money for the settlement payment (due this week) and is doing a lot of shuffling around right now and every bit helps get them back on more stable ground. It was mentioned about trying to help other groups that may need financial help as well, but in the end, trying to do something like that just really is not logistically feasible. Kingdom will best know where this money needs to go and how best it can be used. We will trust the Crown and Kingdom officers to make the right decisions. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Also, we noted the check with “litigation fund”. This was done so the Kingdom knows that Cynnabar means for this money to help out (where needed) due to the settlement funds. This also means that as it is noted as for helping with the settlement, that if the SCA wins the lawsuit against the insurance company and we are actually paid what they should cover, then we may see some of that money come back to us. No one knows if or when or how much any of that would be, but the possibility is there. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If people still have questions about the hows and whys of the settlement, please start by reading the details from corporate at <a href="http://sca.org/BOD/announcements/settlement.html">http://sca.org/BOD/announcements/settlement.html</a>. This should answer most all the questions people generally have. If there are further questions, feel free to contact me directly.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>So after all this how is Cynnabar financially? Pretty good actually. Even after the previous agreed upon tithings ($600 total), the $330+ for the 2010 18% required and the $1000 additional, we should still have around $5000 in our account. So we are set to cover our own event costs as well as being in position to help out any more if needed.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Again, thanks to everyone for their time and input on this most sensitive and unprecedented issue that we have had to deal with personal, Baronial, Kingdom and Society levels.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>-Finn<o:p></o:p></p><p class=MsoNormal>Seneschal.<o:p></o:p></p></div></body></html>