Re: Google Gift

Folks,

Google's Open Source Office has sent us a completely unsolicited
donation of $10,000 for the SPI General Fund. Thank you, Google!

--Josh Berkus
Asst. Treas.

Awesome! -hilmar

On Nov 12, 2012, at 2:27 PM, Josh Berkus wrote:

> Folks,
>
> Google's Open Source Office has sent us a completely unsolicited
> donation of $10,000 for the SPI General Fund. Thank you, Google!
>
> --Josh Berkus
> Asst. Treas.
> _______________________________________________
> Spi-general mailing list
> Spi-general(at)lists(dot)spi-inc(dot)org
> http://lists.spi-inc.org/listinfo/spi-general

--
===========================================================
: Hilmar Lapp -:- Durham, NC -:- hlapp at drycafe dot net :
===========================================================

Hilmar Lapp wrote:
> Awesome! -hilmar

Right. So instead of 37,510.86 we don't currently use for anything,
there are now 47,510.86 in the bank we are not likely to use for
anything either. Or did I misunderstand?

> On Nov 12, 2012, at 2:27 PM, Josh Berkus wrote:
>
> > Folks,
> >
> > Google's Open Source Office has sent us a completely unsolicited
> > donation of $10,000 for the SPI General Fund. Thank you, Google!

--

On 11/12/12 12:15 PM, Alvaro Herrera wrote:
> Hilmar Lapp wrote:
>> Awesome! -hilmar
>
> Right. So instead of 37,510.86 we don't currently use for anything,
> there are now 47,510.86 in the bank we are not likely to use for
> anything either. Or did I misunderstand?

We have plans to use it for clerical/bookkeeping help, actually.

--Josh

Josh Berkus wrote:
> On 11/12/12 12:15 PM, Alvaro Herrera wrote:
> > Hilmar Lapp wrote:
> >> Awesome! -hilmar
> >
> > Right. So instead of 37,510.86 we don't currently use for anything,
> > there are now 47,510.86 in the bank we are not likely to use for
> > anything either. Or did I misunderstand?
>
> We have plans to use it for clerical/bookkeeping help, actually.

Oh, okay, that's great then.

--

On Mon, Nov 12, 2012 at 05:30:49PM -0300, Alvaro Herrera wrote:
> Josh Berkus wrote:
> > On 11/12/12 12:15 PM, Alvaro Herrera wrote:
> > > Hilmar Lapp wrote:
> > >> Awesome! -hilmar
> > >
> > > Right. So instead of 37,510.86 we don't currently use for anything,
> > > there are now 47,510.86 in the bank we are not likely to use for
> > > anything either. Or did I misunderstand?
> >
> > We have plans to use it for clerical/bookkeeping help, actually.
>
> Oh, okay, that's great then.

Having general reserves is also good for unexpected expenses, such as
(hopefully not!) any government fines or lawsuit damages which can't or
shouldn't come out of a project earmark. But, yes, the expected near-term use
is what Josh said.

- Jimmy Kaplowitz
jimmy(at)spi-inc(dot)org

On Mon, Nov 12, 2012 at 03:38:30PM -0500, Jimmy Kaplowitz wrote:
> On Mon, Nov 12, 2012 at 05:30:49PM -0300, Alvaro Herrera wrote:
> > Josh Berkus wrote:
> > > On 11/12/12 12:15 PM, Alvaro Herrera wrote:
> > > > Hilmar Lapp wrote:
> > > >> Awesome! -hilmar
> > > >
> > > > Right. So instead of 37,510.86 we don't currently use for anything,
> > > > there are now 47,510.86 in the bank we are not likely to use for
> > > > anything either. Or did I misunderstand?
> > >
> > > We have plans to use it for clerical/bookkeeping help, actually.
> >
> > Oh, okay, that's great then.
>
> Having general reserves is also good for unexpected expenses, such as
> (hopefully not!) any government fines or lawsuit damages which can't or
> shouldn't come out of a project earmark. But, yes, the expected near-term use
> is what Josh said.
>

I'm fairly doubtful that 47,510.86 will make any impact on fines or
damages.

A reasonable reserves policy should indeed exist - it would be useful
(IMO) for the board to produce one based on a actual forecast need. For
example, the cost of employing our accountants for 3 months.

Neil