[Ponte Alto] Fw: [Atlantia-Announce] More Information about the Settlement

[Robert Capozello]

 Sent: Monday, February 6, 2012 9:04 PM
>Subject: [Atlantia-Announce] More Information about the Settlement
>  
>Greetings gentles all from Alan Gravesend!
>
>Their Majesties have charged me to serve as a central point of contact
>and information as the Kingdom works its way through the current
>settlement situation.  For those of you who have not yet heard of
>this, I would direct your attention to the Kingdom Web page
>(http://www.atlantia.sca.org/) and the link "SCA, Inc. Settlement
>Information".  Many of your questions will be answered either there,
>or on the SCA Corporate web site (http://www.sca.org).  If you have
>questions still, pray do not hesitate to contact me at
>gravesend at mac.com.
>
>As many of you are aware, Atlantia will be making our contribution to
>the costs of the settlement directly from the Kingdom's bank account.
>This has left the account with only $4000, which is less than half
>what our annual budget requires.  In the short term, the Kingdom is
>requesting that all of the Atlantian Baronies remit $400 each to the
>Kingdom.  We have had several inquires along the lines of "Why is the
>Kingdom asking for so little?" and "Surely we need to put the entire
>sum the Kingdom sent to the SCA back?"
>
>The reason that the Baronies are not being asked at this time to
>contribute more than $400 is twofold.  First, it is not the desire of
>the Kingdom to burden our member groups to meet this demand --
>especially since we do not have to do so, given the funds on hand.
>Second, the $400 contributions, together with the remainder of funds
>in the account after the payment, comes to just about our normal
>annual budget of $11,000, and should see us through the rest of the
>year.
>
>Beyond that time, the question will be what reserves are needed by the
>Kingdom to operate in the coming years.  The Crowns, Coronets and
>Financial Committee will be developing a plan to address this over the
>next weeks.  Taking our time in figuring this out is the best course;
>one thing is certain, we do not need to make up the entire $56,000 in
>order to ensure the health of the Kingdom.  Your kingdom leadership
>needs time to set a new, sensible target amount for the kingdom
>reserves, and to review options to meet that target -- be it via
>fundraisers, event proceeds or other means.  Frankly, we do not know
>what that answer will be, and we should take time and care to get to
>it.
>
>Another question seems to be centered on the ten day turnaround time.
>To be clear, our contribution to the SCA, Inc. is due in ten days.
>However, the $400 contributions from the Baronies and all other
>contributions to the Kingdom ARE NOT subject to that deadline. Since
>the Kingdom was able to pay this "out of pocket" the rest of us can
>move wisely and prudently, not in haste.
>
>More information will follow, and, as always, please do not hesitate
>to contact me with questions.
>
>Regards,
>
>Gravesend
>_______________________________________________
>Announce mailing list
>Announce at seahorse.atlantia.sca.org
>http://seahorse.atlantia.sca.org/listinfo.cgi/announce-atlantia.sca.org
>
>
>   
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