[committee] Protecting the rainy day fund

[Bob Adamson]

We will indeed be pushing hard for the guild to pay our moving costs, 
particularly fitting out power, network, benches and aircon. There will 
however be a lot of things that they won't pay for - painting, MR wall (as 
the storeroom is too small), probably want new carpet, blinds, door lock, 
snack and coke machine recesses, shelves, etc. There is also the matter of 
a main user server upgrade for martello - around 4k. I have been hearing 
whispers that the guild will try and use the Lion Nathan grant fund to pay 
for the move. Given that it only has ~$16k in it, it will be thinly 
spread.

WE ONLY GET ONE CHANCE TO DO IT RIGHT. Once the new clubroom is done, then 
we can maybe reinvest 100% for a few years. I am completely against the 
idea of locking up the entire amount now and not benefiting at least a 
little from the total.

The actual amount that we decide to invest is for the moment irrelevant - 
40k or 50k, it should have exactly the protection in the constitution. Can 
we please focus on that for now.

Bob Adamson
UCC Treasurer

|"Bureaucracy is a challenge to the be conquered with a righteous        |
|attitude, an intolerance for stupidity, and a bulldozer when necessary" |
| ---Peter's Laws                                                        |


On Wed, 13 Oct 2010, James Andrewartha wrote:

> 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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> # UCC Wheel Member     http://trs80.ucc.asn.au/ #|  what squirrels do best     |
> [ "There's nobody getting rich writing          ]|  -- Collect and hide your   |
> [  software that I know of" -- Bill Gates, 1980 ]\  nuts." -- Acid Reflux #231 /
>