[committee] Membership 2008

[Davyd Madeley]

On Mon, May 19, 2008 at 03:19:01PM +0800, Scott Young wrote:
> > Assuming you could get 8% that's only $240.
> 
> Yeah, it's not much, but do you have any solid evidence to suggest
> that we really make more than that off "grants and handouts" from the
> Guild's investments of club money? Maybe I'm being unreasonably
> cynical, but the Guild also claims that you can get "student-priced
> quality meals" at the Ref, when Guild catering is of poor quality and
> horrendously expensive. I don't know that I'm convinced that we'd
> receive any less money from the Guild in grants if we had less money
> invested in their banking system.

I don't have any direct evidence, but at the same time, the Guild
does invest the money it's not using and assumedly it's a significant
revenue stream. It doesn't pay to be selfish, what benefits the
Guild benefits the UCC.

> > Don't forget as well, we can currently issue free cheques, and it's
> > especially painless to pay our biggest creditor (University
> > Finance).
> 
> It's true that paying Financial Services is pretty easy, but it's
> still way more effort than paying my personal phone bill by BPay, for
> example. (I'm pretty sure that they don't accept BPay or anything that
> simple, though, so I suppose this is a moot point.)

I'm pretty sure the only form of payment they accept is cheque.
That's how the Guild pays them.

> Cheques are all but obsolete for anything but mailing money these
> days, in my opinion. The only time I've seen UCC use cheques is to pay
> members back for large purchases (and in all of those cases, it would
> have been easier for the member in question to just receive the money
> in their account rather than having to make a trip to their own bank
> to deposit the cheque). Cheques are annoying.

Cheques are still very ubiquitous in business. Most of the goods and
services we buy directly from other businesses are invoiced and then
paid by cheque. It is annoying for members though, it's true.

> > You can transfer money into the Guild's account if you tell Henry
> > the value in advance and it has a message on it like FOR UCC. It's
> > only really useful for large amounts though.
> 
> Well, this wouldn't really help when we're trying to collect member
> donations or membership fees (which are the situations where we
> currently use PayPal).

Batch them up?

--d

-- 
Davyd Madeley

http://www.davyd.id.au/
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