[HamWAN PSDR] VOTE: Dump all cash except $50 into debt

Bart Kus me at bartk.us
Fri Oct 4 21:10:50 PDT 2013


Hi Rob,

I've worked with MicroHAMS behind the scenes here and they agreed to 
change terms on their donation so that we may receive it now. We've also 
received a substantial donation from one new individual donor.  Between 
our cash, MicroHAMS coming through, and the large donation, we should be 
able to cover all our debt and leave $100 cash remaining.  Phew!  The 
immediate problem should be solved now, but still, long-term funding has 
to improve.

Oh, and point of order, the vote is approved, the decision to transfer 
cash into debt is passed.

--Bart


On 10/3/2013 12:29 PM, Rob Salsgiver wrote:
> Question:
>
> Should we only save $50 in the account, or save $100-$200 to cover a couple
> more months' payments to see if we can get some additional donations in the
> meanwhile?
>
> Rob
>
> -----Original Message-----
> From: PSDR [mailto:psdr-bounces at hamwan.org] On Behalf Of Bart Kus
> Sent: Thursday, October 03, 2013 11:22 AM
> To: Puget Sound Data Ring
> Subject: [HamWAN PSDR] VOTE: Dump all cash except $50 into debt
>
> Hello,
>
> To curb our interest rate problem on about $3500 of high-interest debt, I'd
> like to propose we dump all cash into the debt we hold. Except $50 left in
> Key Bank to maintain it.  This is about $1300, and will leave us unable to
> make further maintenance payments until more funds come in.
>
> My vote it yes.
>
> --Bart
>
>
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