[committee] Long-term financial plans

[Nick Bannon]

On Fri, May 11, 2007 at 11:54:15AM +0800, David Adam wrote:
[...]
> Basically, we currently have about $5000, and seem to have stabilised many
> of our costs at much lower levels than they have been in past years.
> 
> What would people, both on committee and off, think of taking some of our
> money and putting it into some sort of investment enterprise solution^W^W
> account?
[...]

If putting a nice safe nest egg aside makes us feel safer about spending
the cash and irregular income that we have - it's a great idea.

The trouble about being being more or less fiscally responsible, as we
have been for some time, is that turnover plummets. There's no urgent
need to fundraise or solicit donations, and we're insensitive to steady
drains such as our previous network and storage bills. In the meantime,
it's extraordinarily hard to build consensus to spend anything -
if we were to see something cool on ebay, the chance of organising a
club-subsidised purchase of it before the auction ended is roughly nil.

(Well done on the quiz night fundraising, though!)

Posit: UCC could spend its last brass razoo. If someone spotted us a
coke-machine-full of drinks, we could pay the phone and network bills at
the end of the month and be in the black buying hardware the month after.

Nick.

-- 
   Nick Bannon   | "I made this letter longer than usual because
nick-sig at rcpt.to | I lack the time to make it shorter." - Pascal