<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span></span></div><div><br></div><blockquote style="padding-left: 5px; margin-top: 5px; margin-left: 5px; border-left-color: rgb(16, 16, 255); border-left-width: 2px; border-left-style: solid;"> <div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"> <div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"> <div dir="ltr"> <font size="2" face="Arial"> <var id="yui-ie-cursor"></var><b><span style="font-weight: bold;">Sent:</span></b> Monday, February 6, 2012 9:04 PM<br> <b><span style="font-weight: bold;">Subject:</span></b> [Atlantia-Announce] More Information about the Settlement<br> </font> </div> <br>
Greetings gentles all from Alan Gravesend!<br><br>Their Majesties have charged me to serve as a central point of contact<br>and information as the Kingdom works its way through the current<br>settlement situation. For those of you who have not yet heard of<br>this, I would direct your attention to the Kingdom Web page<br>(http://www.atlantia.sca.org/) and the link "SCA, Inc. Settlement<br>Information". Many of your questions will be answered either there,<br>or on the SCA Corporate web site (http://www.sca.org). If you have<br>questions still, pray do not hesitate to contact me at<br><a href="mailto:gravesend@mac.com" ymailto="mailto:gravesend@mac.com">gravesend@mac.com</a>.<br><br>As many of you are aware, Atlantia will be making our contribution to<br>the costs of the settlement directly from the Kingdom's bank account.<br>This has left the account with only $4000, which is less than half<br>what our annual budget requires. In
the short term, the Kingdom is<br>requesting that all of the Atlantian Baronies remit $400 each to the<br>Kingdom. We have had several inquires along the lines of "Why is the<br>Kingdom asking for so little?" and "Surely we need to put the entire<br>sum the Kingdom sent to the SCA back?"<br><br>The reason that the Baronies are not being asked at this time to<br>contribute more than $400 is twofold. First, it is not the desire of<br>the Kingdom to burden our member groups to meet this demand --<br>especially since we do not have to do so, given the funds on hand.<br>Second, the $400 contributions, together with the remainder of funds<br>in the account after the payment, comes to just about our normal<br>annual budget of $11,000, and should see us through the rest of the<br>year.<br><br>Beyond that time, the question will be what reserves are needed by the<br>Kingdom to operate in the coming years. The Crowns, Coronets
and<br>Financial Committee will be developing a plan to address this over the<br>next weeks. Taking our time in figuring this out is the best course;<br>one thing is certain, we do not need to make up the entire $56,000 in<br>order to ensure the health of the Kingdom. Your kingdom leadership<br>needs time to set a new, sensible target amount for the kingdom<br>reserves, and to review options to meet that target -- be it via<br>fundraisers, event proceeds or other means. Frankly, we do not know<br>what that answer will be, and we should take time and care to get to<br>it.<br><br>Another question seems to be centered on the ten day turnaround time.<br>To be clear, our contribution to the SCA, Inc. is due in ten days.<br>However, the $400 contributions from the Baronies and all other<br>contributions to the Kingdom ARE NOT subject to that deadline. Since<br>the Kingdom was able to pay this "out of pocket" the rest of us
can<br>move wisely and prudently, not in haste.<br><br>More information will follow, and, as always, please do not hesitate<br>to contact me with questions.<br><br>Regards,<br><br>Gravesend<br>_______________________________________________<br>Announce mailing list<br><a href="mailto:Announce@seahorse.atlantia.sca.org" ymailto="mailto:Announce@seahorse.atlantia.sca.org">Announce@seahorse.atlantia.sca.org</a><br>http://seahorse.atlantia.sca.org/listinfo.cgi/announce-atlantia.sca.org<br><br><br> </div> </div> </blockquote> </div></body></html>