[Ravensfort] Fw: [Ansteorra-announce] [Announcements] From theBoard of Directors-Financial A

[jamesnorthfolke at gmail.com]

What is it that Trekkie Monster says? :)

j



On Feb 22, 2009 1:54pm, Dan Smith Jr <gogetdan at gmail.com> wrote:

> Before I go further, can somebody explain this line
> to me so that I'm sure I get it's meaning? :





> "4. The Directors and corporate staff
> have realigned our investments in minimize the impact of a volatile
> market."





> Thanks. Alaric










> From: CAC

> Sent: Friday, February 20, 2009 11:51 AM

> To: CTRL + Click to follow link"  
> href="mailto:ravensfort at lists.ansteorra.org" target="_blank">Raven's Fort  
> Barony of

> Subject: [Ravensfort] Fw: [Ansteorra-announce] [Announcements] From
> theBoard of Directors-Financial Announcement









> This is interesting for those that aren't on the Ansteorra
> list. For those that are I apologize for your having to look at it twice.'
> The times they are a'changin." wasn't that Bob Dylan?!

> --- On
> Fri, 2/20/09, Patrick Anderson president at sca.org>
> wrote:

> From:
> Patrick Anderson CTRL + Click to follow link"  
> href="mailto:president at sca.org" target="_blank">president at sca.org>
> Subject:
> [Ansteorra-announce] [Announcements] From the Board of
> Directors-Financial Announcement
> To: announcements at sca.org
> Date:
> Friday, February 20, 2009, 11:27 AM

> Financial Announcement:

> Our organization, like most of the world, is suffering from the recent
> economic down turn. Please take a moment to review the 2009 SCA, Inc.
> budget the directors and corporate staff have posted
> at
> http://www.sca.org/. As you can see, the SCA is forecasting a deficit
> for this budget cycle (2009). At this time, this is only a forecast, and
> will be monitored and modified as the year progresses. For the year
> ending 2008, we had a net loss of $181,595.56. Looking forward to 2009,
> changes in funding strategy will be required to meet current and future
> needs.

> The SCA's 2008 and projected 2009 deficit is a result of several
> factors.

> 1. An increase in the cost to the SCA's liability insurance.
> 2. The increased cost of travel.
> 3. The increased cost materials; printing, paper, postage etc.
> 4. Over the last couple of years our membership numbers had
> remained steady. However, the last four months have shown a slight
> overall decline in membership and more people are renewing as associate
> or
> family members, resulting in a loss of revenue.
> 5. The Organization's branches hosted
> roughly 100 fewer events this
> year; down to 1123 from 1247 the previous year.

> At the October 2008 Board meeting the Board of Directors took the
> following substantive measures to cut costs.

> 1. The elimination of one of the quarterly in-person meetings of the
> Board of Directors, the July meeting, which will be replaced by a
> conference call. Please note: The directors remain committed to outreach
> to the membership. The elimination of this meeting was a difficult
> choice as the directors and corporate staff is committed to public
> meetings, traveling across the Known World in order to meet the members
> and gain input from them.
> 2. The introduction of the online waivers, which will reduce postage
> and paper costs.
> 3. The Corporate office also negotiated a reduction in rental fees in
> our new lease.
> 4. The Directors and corporate staff have realigned our investments
> in minimize the impact of a
> volatile market.

> Looking forward, we see the potential for continued financial distress
> for the Organization. In light of the 2008 loss, the Directors and
> corporate staff are currently working through a variance analysis. The
> first results of this analysis are the measures noted above. Moving
> forward, we are looking at a variety of options to reduce costs, and
> increase our revenue. Please take a moment to review the list of ideas
> below and send us your comments and ideas. We understand that some of
> the options will be unpopular in areas of the Society. This should not
> be considered a complete list of all options, nor should any of these
> items be considered as a "done deal". While we have no wish to unduly
> change the spirit of our shared activity, we feel strongly that at this
> time all options must be placed on the table, examined and
> reviewed.

> 1. Development of a Grant program, specifically target at
> supporting
> our publications and A&S activities.
> 2. Offering Tournaments Illuminated and The Compleat Anachronist
> subscriptions to non members, libraries, schools, and others.
> 3. Raising the rate for these publications to our members.
> 4. Adding new tiers of member sponsorship of the SCA such as a Donor
> or Sponsor level of involvement.
> 5. Examining the different membership participation options, with a
> short term "event pass" for new participants.
> 6. Increased funding from sales of SCA related merchandise (via Cafe
> Press or other similar sites Individual Kingdoms currently have gone in
> this direction. We are not looking to curtail this activity. )
> 7. Raising membership rates.

> Please note that the Organization is capable of funding the forecasted
> deficit for 2008 and 2009 from our reserves. However, with the current
> economic environment and the SCA's challenges, this does not seem
> to
> be a prudent solution.

> As ever, the Board of Directors and Corporate staff needs your input and
> ideas.

> Comments may be sent to; comments at sca.org. Please recall that this is a
> comment only address. The Directors all see the email from this comments
> address, however we do not offer individual responses.

> Thank you for your time and review of this material.

> --
> Patrick Anderson
> President
> Society for Creative Anachronism, Inc.
> president at sca.org
> 952-412-4112


> Comments are strongly encouraged and can be sent to:
> SCA Inc.
> Box 360789
> Milpitas, CA 95036

> You may also email comments at lists.sca.org.

> This announcement is an official informational release by the Society for
> Creative Anachronism , Inc. Permission is granted to reproduce this
> announcement in its entirety in newsletters, websites and electronic
> mailing
> lists.

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