[MR] $1500 was: Re: Permenant Crown event site

[Barbara]

Siegfried is correct.  THERE IS NO $1500 RULE.  
Can we kill this myth now?

And his history is fairly accurate.

We DO evaluate bids to verify that the bid is financially sound and can
contribute a reasonable profit towards the kingdom, because (as Siegfried
noted) kingdom events are the only source of kingdom income with which to
fund kingdom expenses.  We do NOT require any particular profit, and we've
accepted bids with little/no profit planned because of other issues (lack of
other bids or positive/negative site issues).  

Anne of Carthew
Kingdom Exchequer 


-----Original Message-----
From: atlantia-bounces at seahorse.atlantia.sca.org
[mailto:atlantia-bounces at seahorse.atlantia.sca.org] On Behalf Of Siegfried
Sent: Monday, April 13, 2009 5:11 PM
To: atlantia at atlantia.sca.org
Subject: [MR] $1500 was: Re: Permenant Crown event site


> I am also confused about this $1500.00 profit "rule". 

This 'rule' is not a rule, but comes with a bit of history behind it.

At one point in time, many many Unevents ago, the Kingdom's coffers were
in need.   The Kingdom Exchequer at the time, looked at the Kingdom's
budgets, and did the math (knowing that the Kingdom only makes money
from Kingdom Level Events)

And determined therefore that, back then, if equally distributed, for
the Kingdom to break even any given year, then every Kingdom Level event
(sans Universities & Unevent, which don't make money), had to make $1500.

This logic was announced at said Unevent, and exchequers were highly
encouraged to make sure therefore that any Kingdom Event that their
group submitted, had at least a $3000 profit baked into it (since all
profit is split 50/50), for the proposal to be taken seriously.

NOTE: This is as reported to me, 3rd hand, from said Unevent, many years
ago.

I have heard therefore many groups who still always budget in this manner.

I have also heard stories (but I have no data to back them up, just
stories over a beer), of event proposals being declined in favor of
other proposals that budgeted a higher profit.

All of this was a 'long time ago'; however, it's still in the general
populace mindset, that Kingdom Level Events need to 'make money for the
Kingdom', and that they need to have a $1500 profit for Kingdom in there
for the proposal to be seen in a good light.

In Service,
Siegfried
========================================================================
                   The Merry Rose Tavern at Cheapside
    List Info: http://merryrose.atlantia.sca.org/
  Submissions: Atlantia at seahorse.atlantia.sca.org
Subscriptions:
http://seahorse.atlantia.sca.org/listinfo.cgi/atlantia-atlantia.sca.org