Bert, that does not change the need for the ISOC accountants to generate a separate entry for each case and for the auditors to check each of those entries. It's a real cost, because accountancy and auditing cost real money.
Brian
Wijnen, Bert (Bert) wrote:
Inline Biran answered me:
Wijnen, Bert (Bert) wrote:
I am not a real accountant and kind of simple-minded.
So when you say:
"Lynn" == Lynn St Amour <st.amour@xxxxxxxx> writes:
Lynn> over 80% of ISOC's org. members donate less than $10K Lynn> annually and managing these in a 'restricted accounting Lynn> manner' requires more effort and overhead. Also, Lynn> organizations/donors expect recognition appropriate to their Lynn> contribution and that implies differing levels of value and Lynn> distinction.
I then wonder....
- if there is s separate or special bank account for IASA/ETF - if I can just deposit my donation into that bank account - What then is the "more effort and overhead" ??
I just do not understand.
Bert, I'm sure Lynn will answer this too, but from when the ISOC was discussing accounting practices for individual member subscriptions and donations, I remember that the bank account aspect is the least of the worries (and anyway, we already reached consensus not to have a separate bank account).
I am not even talking about "separate bank account" as we did in an early rev of the iasa-bcp doc. I am talking about an ISOC bank account
that will ONLY receive donations targeted for a specific purpose.
By depositing money on the specific bank account, you IMPLICITLY tell
ISOC that the money is intended for a specific purpose, in this case
IETF. Again it must be the simple-minded me who does not understand.
Bert
he issue is that accounting entries have to be made in a very specific way for money which is tied to a specific purpose, and while that is a small overhead if someone donates $100k, it becomes a significant overhead if 100 people donate $1k. It can end up eating money for accounting actions that really serve no useful purpose but have to be done to follow thr accounting rules. So I think Lynn is correct and we have to give ISOC the necessary flexibility.
Brian
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