I'm told from the Society Treasurer that there are many levels of 'dedicated funds'.
The most restrictive way is when the donor specifically states in writing what the funds are to be used for (Restricted Funds). We cannot accept the funds and do something else in that case.
We don't go that far, although it is good to try to keep dedicated funds going toward the dedicated purpose.
We have already sent in $900 (the check was put in the mail today). We can, of course, send in more later, but we should have a meeting to discuss any disbursements from dedicated funds that aren't included in the fund's stated purpose. We have enough in the General Fund to match any amount from a dedicated fund.
From: "james benedicktus" <benedicktus@...>
Sent: Tuesday, February 7, 2012 12:37:46 PM
Subject: Re: [Ayreton] Ayreton Angels
I would check the legal ramifications of using monies sent for a specific purpose; there seem to be legalities about accounting practices for non-profits that forbid such practices. However, donations given for THIS specific purpose could be used for the settlement. Orry Guerin
<a href="http://www.freewebs.com/orryguerin/">Visit My Website</a>
From: Fern <fern1445-tgs@...>
Sent: Tuesday, February 7, 2012 12:07 PM
Subject: [Ayreton] Ayreton Angels
You asked if there are any objections to contributing part of the Angel funds to the lawsuit settlement.
No objections from me.
That is a generous and noble offer. This is far above and beyond the call of duty, and I honor your generosity. However, please keep back sufficient money for the Ayreton Angels to continue their good mission for this summer, also.
--- On Tue, 2/7/12, misreall@... <misreall@...> wrote:
From: misreall@... <misreall@...>
Subject: Re: [Ayreton] Exchequer notes
Date: Tuesday, February 7, 2012, 9:26 AM
To the Barony at Large,
The Ayreton Angels have decided we would like to donate half of our funds to the cause, but as this money was given to us for specific use by the Cantons, we ask your permission to do so. If there are any objections please let us know within the next two days.
Baroness Jane the Tall and Lady Anne d'Aix
Monday, February 6, 2012 10:07:21 PMSubject:
[Ayreton] Exchequer notes
1) The RUM fund is sending $3000 to the kingdom for the settlement.
2) The Ayreton general fund is sending $900 to the kingdom for the settlement. 18% of our net worth ($4617.74) came out to $831.19 and we rounded up.
3) Remaining balances in funds:
General fund: $2110.01
Pennsic Camp: 15
4) The following are uncleared checks made out during 2011. PLEASE DEPOSIT YOUR REIMBURSEMENT CHECKS PROMPTLY.
If you have lost the checks and need another, let me know. If you want to me to void the check and not bother writing another, let me know.
|7/9/2011||1012||(25.65)|| ||Nora London|
|8/27/2011||1016||(7.00)|| ||SCA-Inc. - MK College of Heralds|
|10/30/2011||1018||(29.49)|| ||Vicky Rayhill|
|10/30/2011||1019||(42.00)|| ||SCA, Inc. - MK College of Heralds|