[Ponte Alto] Fwd: [Baronage] BOD Settlement Information

[neacalban1 at aol.com]

To whom might I make my 10% contribution? Ponte Alto, to replenish our coffers, or to the Kingdom coffers directly? 
Naran.

 

 

 

-----Original Message-----
From: Adina <adinavdh at gmail.com>
To: Ponte_Alto list <ponte-alto at seahorse.atlantia.sca.org>
Sent: Sun, Feb 5, 2012 2:55 pm
Subject: [Ponte Alto] Fwd: [Baronage] BOD Settlement Information


This is the first of two emails pertaining to" the lawsuit" that has been ongoing for some time, it is now settled.  This, from Their Majesties, gives us some background on it and requests Our, Ponte Alto's, assistance so that we, our Kingdom, and the SCA may continue.  The second email will be from the Board of Directors.


---------- Forwarded message ----------
Date: Sun, Feb 5, 2012
Subject: [Baronage] BOD Settlement Information
To: baronage at atlantia.sca.org



Unto Their Excellencies, the barons and baronesses of Atlantian, from Their Royal Majesties Cuan and Padraigin, and Their Royal Highnesses Bryan and Brianna, Greetings! 
 
This afternoon, We, together with our Kingdom Exchequer, our Kingdom Seneschal, our Kingdom Webminister, and Alan Gravesend, participated in a multimedia conference call with the SCA Board of Directors. The purpose of the conference call was to inform the Kingdoms that the Board had settled the longstanding lawsuit by the victims of Benjamin Schragger against the SCA, Inc., its officers and branches. The SCA, Inc. has posted information related to the settlement at: http://sca.org/BOD/announcements/settlement.html
 
In summary, facing the potential exposure of approx $7 Million, the SCA, Inc. was able to negotiate a settlement of little over $1M, which will enable us to cap our litigation expenses, avoid mounting additional legal fees and expenses, remove the cloud from the SCAs operations going forward, and essentially to ensure the survival of the Society for Creative Anachronism. Atlantia, and her subsidiary groups, share of the settlement is approximately $56,000. We have directed our Chancellor of the Exchequer, Mistress Anne Carthew, to remit a check for this amount from the Kingdom account to SCA, Inc.
 
Following the conference call, in our Royal Court at Kingdom Arts and Sciences Festival We briefly covered this information with the populace and the Baronage present, representing eleven of Atlantia's baronies. We explained at that time that by writing this check to SCA, Inc. we were leaving the Kingdom account with $4000. We asked Their Excellencies present in the court that each barony contribute $400 to the Kingdom as a stopgap measure to ensure that the Kingdom has sufficient operating funds to meet our existing obligations. We were gratified at the unanimous support from the baronage of our request. Please keep in mind that over the last several years, Atlantia has required approximately $11,000 each year to meet its budget. If each of our 17 baronies remits $400 to the Kingdom then our Kingdom account balance will be approximately $10,8000 to cover our budgetary needs.
 
We are fortunate as a kingdom that at this time we have the means to write a check to the SCA, Inc. for the full amount because of the prudent financial policies we have been following.  The Crown, Coronets, and the Financial Committee will study the Kingdom's financial needs over the next three weeks, and develop a plan to meet our obligations for the next year. As the plan is developed and we take into account the desire of the Kingdom to fund optional activities, such as a common pavilion on the battlefield, there may be fundraising activities conducted.  Individual contributions will also be accepted, and we will work our way back to a strong financial position.
 
Please direct any questions regarding this process and decision to His Excellncy, Master Alan Gravesend at gravesend at mac.com
 		 	   		  

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-- 
  Adina

Baronessa di Ponte Alto

 
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