[committee] Protecting the rainy day fund
Daniel Axtens
danielax at gmail.com
Wed Oct 13 16:50:27 WST 2010
Please let's not make decisions on the basis of whispers, rumours
and/or incomplete information. We've had more than enough stress
recently on the basis of incomplete information. It may be, as has
just happened, that the full story will turn out to be substantially
different to what was expected.
Let's make our decisions by putting aside what other people and bodies
may or may not do, and just decide on what is the best thing for our
club to do at this point, given the actual information we know. If we
don't have actual information that we need, let's go find out before
planning.
For example, how and when we move, and whether whether the Guild tries
to fund it with a 16k Lion Nathan grant, or not, is irrelevant to the
actual things we're trying to figure out:
- How do we flexibly store our money? How do we protect the money
from corrupt committees?
- Each time the deposit matures, the interest rate could change. How
do we manage this?
- How do we specify this in a clear and enforceable way?
I haven't had the time to sit down and think about these questions,
but lets focus on answering the questions on their merits, rather than
on the basis of hearsay or guesswork.
Daniel Axtens
UCC Acting President
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