Re: [atlarge-discuss] finance

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

Eric and all stakeholders or other interested parties and members,

  Are you effectively saying that "a rose by any other name smells the
same"?

   Well the difference which I outlined below in some detail
pretty much spells it out.  The Funding Committee is a Committee
that's function is to come up with a funding method and plan and than
execute it.  A Finance Committee is a Committee who's purpose is
to disburse funds and determine what method is to be used to do so..

  I hope that is clear and simple enough for you and everyone else
Eric.  Please advise.

Eric Dierker wrote:

> 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
> >
> > ---------------------------------------------------------------------
> > 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



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