[LGM] finances

[Louis Desjardins]

Sorry, I didn’t realise I was only sending my answer to Dave only.

Now forwarding to the list.

Louis

2017-11-27 17:55 GMT-05:00 Louis Desjardins <louis.desjardins at gmail.com>:

> 2017-11-27 17:32 GMT-05:00 Dave Crossland <dave at lab6.com>:
>
>> Hi
>>
>> As I understand it, Louis had only engaged GNOME Foundation in terms of
>> holding funds while SPI member project status was set up, which will not
>> happen at least until 11th December 2017, ruling SPI out for this year.
>>
>
> Hi Dave,
>
> From the accounting perspective, an expanse (such as a sponsorship from
> Google) can occur in a month (say, December 2017) and the payment can occur
> later (say, in January 2018). The expanse will be accounted on the date it
> was actually decided (invoice date is determinant) and not when paid
> (payment can occur months after an invoice was made).
>
>
>>
>> Now that the Plan A (GNOME) option is now closed, then, all that is left
>> there for us now is to say thank you to Louis for investigating it. Thank
>> you Louis! :)
>>
>
> I am happy to give a hand!
>
>>
>> On to Plan B: K8 (the name of the non-profit company in charge of the art
>> academy's think tank/transfer/training activities in Saarbruecken :)
>>
>> Since the money would be sponsorship for (a) videos of all sessions
>> posted on YouTube with a 'thanks' intro card (as you can see on eg
>> https://www.youtube.com/watch?v=4MAuBdLsICc) and (b) for travel bursary,
>> especially to help get people together to hack on Variable Fonts support
>> now provided by freetype, then K8 will take a 19% cut for handling
>> everything.
>>
>
> SPI asks for 4%. To the best of my knowledge, GNOME was just about the
> same. As a comparison, 19% cut seems rather high.
>
>>
>> That seems like the easiest solution and frees up Frank's volunteer time
>> to do other stuff (like maybe help arrange the video recordings/streaming
>> to be done using only libre software? :)
>>
>
> Dave, only to be sure I understand correctly what you say, do you mean
> that K8 could handle the money from Google to the extent of handling the
> reimbursements for 2018 (and then, maybe, follow up with 2019)? Do you
> evacuate totally SPI in that proposal? Would K8 be able to act as a SFH
> (secure funds holder)?
>
> I would still investigate with SPI if they would at least consider LGM to
> be a project member. Their statement is clear on their website and they can
> handle what we can’t handle anymore, at a reasonable cost. Also, if the PO
> from Google can be submitted before 2017 ends, I see no accounting reasons
> that would prevent them to put the expanse in 2017 (provided their fiscal
> year ends on Dec. 31, which is not the case of all companies but only the
> case of all individuals).
>
> If needed, I can make the first steps with SPI and keep you guys informed
> of how it goes. However I will not be the responsible person further than
> establishing the contact and maybe a few steps further. At some point,
> somebody else will have to step in. But this would at least require a
> formal decision (or the apparence of a formal decision) by the LGM
> community.
>
> Do we, or do we not, want to become member of SPI and have them handle our
> incoming money as well as our reimbursements (or other LGM expanses that
> fit into the SPI rules)?
>
> Cheers!
>
> Louis
>
>>
>> Cheers
>> Dave
>>
>
>
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