Re: [atlarge-discuss] finance

[Eric Dierker <eric@hi-tek.com>]

You crack me up,
finance and funding who gives a hoot what you call them?
e

Jeff Williams wrote:

> 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
> >
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>
> 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
>
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