[committee] Protecting the rainy day fund

James Andrewartha trs80 at ucc.gu.uwa.edu.au
Wed Oct 13 15:31:31 WST 2010


On Tue, 12 Oct 2010, bob at ucc.gu.uwa.edu.au wrote:

> We have $50k sitting in a monthly Westpac term deposit until the SGM decides
> otherwise. This is giving us $246 a month interest, so it's not a small amount
> for a club that has ongoing expenses of just $22 a month. Some time in the
> next 12 months, UCC is also likely to be moving to a new clubroom and several
> thousand may be required to kit out the room. Hence I'm assuming $40k for
> future investing.

I thought the guild would be meeting the costs of us moving and fitting 
out the new room, as it's them who's making us move?

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