Re: [atlarge-discuss] finance

[Jeff Williams <jwkckid1@ix.netcom.com>]

Eric and all stakeholders or other interested parties and members,

  It is hard to justify a finance committee when ICANNATLARGE.COM
has no finances.  What is needed is a funding model and a funding
committee.  Of course given your past record in garnering funds
for the DNSO GA, perhaps you would be less than interested
in such a funding committee?  >;)  However I have no doubt,
that you would be interested in a finance committee position.  >;)
It is always more fun to spend than collect!  >;)  And of course
once there are finances coming in from various sources, the
Finance committee would wish to be paid for their services!  >;)
It is always nice to get paid for spending others peoples money
isn't it?  >;)

  Hence I think a professional financing approach or set of
standards would need to be set before a single dime is spent.
Here are a few that many non-profit's and for profits use:

1.) The finance committee would have no say so as to where
     any moneys are to be spent.  But would be required to
     allocate said funds where the members believe and decide
     it should be spent.

2.) A certain percentage should be held over for each quarter
     to the next proceeding quarter to cover an shortfalls from
     the previous quarter.

3.) All members of the funding committee and the Finance committee
     must be elected by the members on a simple majority vote.

4.) All Finance committee members must be bonded and pay for
     said bond out of their own pocket for the first 2 years.

5.) The Funding committee must be flexible in it's funding methods
     but must at all times stay within the law, be honest in their
     efforts to collect funds, and communicate well with the finance
     committee as well as the members without censor or restriction
     on said communication.

6.) All funds collected in any time frame must be deposited in the
     account(s) within no more than 10 working days after their
     collection, and an accounting or external audit must be done
     every quarter.

7.) The books on the finances that the finance committee will be
      allocating must be open to the public without exception.

8.) The finance committee must disburse any funds approved by
     the members for specific needs or projects, ect., within
     14 working days.

9.) A comptroller may be hired sometime after a sufficient amount
     of funds have been collected.

10. ) The Finance committee will receive not remuneration for such a time

         not to exceed 2 years but also not until a sufficient amount of
funds
         have been collected by the funding committees work.

11.) Initial or seed funding will in part be used to pay the funding
committee
       to seek through various legal and ethical means, additional funds
on
       and ongoing basis.

  BTW, your URL does not resolve.  So I am a bit confused
as to the irony of which you speak...

eric@hi-tek.com wrote:

> Funny twist this article has for us.
> We are the largest online democracy for determination of Internet
> policy,
> Yet we have no finance committee.
> and then this;
>
>  http://www.gigalaw.com/newsarchives/2002_09_25_index2.html#85488614
>
> I love irony.
>
> e
>
> ---------------------------------------------------------------------
> To unsubscribe, e-mail: atlarge-discuss-unsubscribe@lists.fitug.de
> For additional commands, e-mail: atlarge-discuss-help@lists.fitug.de

Regards,
--
Jeffrey A. Williams
Spokesman for INEGroup - (Over 127k members/stakeholders strong!)
CEO/DIR. Internet Network Eng/SR. Java/CORBA Development Eng.
Information Network Eng. Group. INEG. INC.
E-Mail jwkckid1@ix.netcom.com
Contact Number: 214-244-4827 or 972-244-3801
Address: 5 East Kirkwood Blvd. Grapevine Texas 75208



---------------------------------------------------------------------
To unsubscribe, e-mail: atlarge-discuss-unsubscribe@lists.fitug.de
For additional commands, e-mail: atlarge-discuss-help@lists.fitug.de