Another complex issue where an ISOC account would actually _cost_ is currency management as a substantial amount of the IETF resources is probably wasted in USD conversion by non American Members. The IETF banking account should be opened in a country supporting multicurrency accounts to benefit from lowest conversion costs. Why to waste money in converting and keeping euro as dollars?
jfc
At 16:58 30/11/2004, Brian E Carpenter wrote:
Geoff Huston wrote:
At 12:15 AM 27/11/2004, Wijnen, Bert (Bert) wrote:
In revision draft-ietf-iasa-bcp-00.txt we have text in sections
5 through 5.4 about IASA funding and where the money needs to
be kept. Specifically, the current text suggests that there
is/are one or more IASA specific bank accounts. Namely:
- Sect 5.1 says that meeting revenues go into IASA account.
When I wrote that text I meant "IASA bank account", so if that
is what we (IETF) want, then needs to be made more explicit.
- Sect 5.2 says that designated monitary donations go to the IASA
account.
Again, I meant to write "IASA bank account". So need clarification
if that is what we (IETF) want.
- Sect 5.3 I think (I/we) intended (but is not explicit) to also
have the quarterly deposits go into IASA bank account. So again
needs clarification if that is what we (IETF) want.
- Sect 5.4 talks about reserve fund being kept in reserve for use
by IASA. It is not specific how this is done. Current text leaves
that up to ISOC to decide/arrange.
We have seen a few people raise concern about the above.
Concerns that I have seen raised and to which I would like to see
the IETF community speak their preference:
- should we (IETF) indeed have/request an IASA specific bank account...
No, in all cases. I think that an internal account within ISOC's
accounting system is necessary and sufficient. Although I am keen
that ISOC should not use IETF cash to solve hypothetical future
cash flow problems, I think it would be self-inflicted pain to operate
legally separate bank accounts. But in the end it's an accounting
detail that we probably shouldn't even specify in the BCP.
Brian
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