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Grex > Coop13 > #226: Cyberspace Communications finances for December 2004 | |
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| Author |
Message |
aruba
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Cyberspace Communications finances for December 2004
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Jan 3 23:04 UTC 2005 |
Here is the treasurer's report on Cyberspace Communications, Inc. finances
through December 31st, 2004.
Beginning Balance $3,235.52
Credits $420.00 Member contributions
$1.59 Interest on our savings account
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$421.59
Debits $84.43 Pumpkin Rent for January
$61.02 Electricity for December
$90.71 Phone Bill
$135.00 DSL December 15 through January 15
$5.85 Paypal fees (income = $122)
$38.31 Winter personal property taxes
$14.95 Renewal of grex.org
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$430.27
Ending Balance $3,226.84
Our current balance breaks down as follows:
$2,970.30 General Fund
$173.99 Silly Hat Fund
$60.00 Spare Parts Fund
$22.55 Infrastructure Fund
The money is distributed like this:
$338.57 Checking account
$2,888.27 Savings account earning 0.55% interest annually
We had two new members in December (blaise and nharmon). We are currently
at 70 members, 65 of whom are paid through at least January 15th. (The
others expired recently and are in a grace period.)
Notes:
- Grex pays personal property taxes on all the stuff it owns. About 2/3 of
the taxes are paid in the summer, and 1/3 in the winter.
- It's been my honor to be your treasurer for the last 4 years, and for 8 of
the last 9 years. This is my last report - I'll be handing over all the
data and the duties to whomever the board elects later this month.
My parting thoughts: Grex survives solely on good will. Grex can only exist
if people care enough about it, and feel positively enough toward it, to
contribute their time and their money. Since its inception, I think, there
has been a danger that Grex will descend into a whirlpool of self-loathing
and ennui.
It's survived largely because there has been a core group of people who
cared enough to try to make it something else. That means contributing
money and time, and it also means entering items and responses to counter
those that eat away at our community. And sometimes it means fighting the
good fight, when people have sought to destroy us.
There are more of us here who want Grex to survive than there are people who
want it destroyed. Sometimes it doesn't seem that way, if we measure the
balance of constructive versus destructive posts. But if you count people,
the positives win hands down.
My parting wish is that if you care about Grex, if you want it to survive,
you'll act, at least once in while, to help it be a healthy community. If
everyone who cares does a little bit (becomes a member, contributes ideas in
garage, becomes a staff member, or ignores a twit, for example), Grex should
have no problem staying alive and vibrant.
But, don't get me wrong, there is a real danger that the bastards will wear
us down. Our membership has eroded during the last 3 years, and we have
lost a lot of money over that time. That's *not* healthy. The board is
working to cut expenses, but don't count on that to be the end of the
matter. If our solution to shrinking income is to shrink what we do, then
that is the path toward decline. If everyone starts to feel like it's
someone else's job to keep Grex alive, then Grex will die.
I've done my time, and will take a break now, and try to write my thesis
this year. If it goes well, and I have a Ph.D. in a year, then maybe I'll
run for the board again. Who knows. I've put a lot of myself into this job
over the last 9 years, and it's time for someone else to have a turn.
So, let me say it again: if Grex is important to you, even a little,
consider doing something more to help it be healthy. Even (or especially)
if it's not exactly what you think it should be. Become a member,
contribute ideas, contribute time, contribute joy. All of these are needed
to make a community.
Thanks to everyone who contributed in December:
arabella, blaise, charcat, dpc, glenda, kd3hw, nharmon, robh, steve,
witling, wlevak, and one person who asked to remain anonymous.
If you or your institution would like to become a member of Grex, it
only costs $6/month or $60/year. Send money to:
Cyberspace Communications
P. O. Box 4432
Ann Arbor, MI 48106-4432
If you pay by cash or money order, please include a photocopy of some
form of ID. I can't add you to the rolls without ID. (If you pay
with a personal check that has your name pre-printed on it, we
consider that a good enough ID.) Type !support or see
http://www.cyberspace.org/member.html for more info.
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| 56 responses total. |
mary
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response 1 of 56:
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Jan 3 23:57 UTC 2005 |
For me, it's people like Mark that make Grex special and worthwhile.
Thank you, so much, Mark. Your comments are right on the mark.
Grex is so much more than what is most obvious.
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twenex
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response 2 of 56:
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Jan 4 00:36 UTC 2005 |
Hear, hear. Although I'm sure many people would say that not all of my posts
are positive (including myself), I'm one of the people who wants Grex to
endure.
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spooked
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response 3 of 56:
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Jan 4 00:43 UTC 2005 |
Thank you, Mark - you are clear-minded, hard-working, and a true inspiration.
As someone who is in the middle of his PhD thesis write-up, I wish you the
very best during this mammoth task - but, I know you will succeed with your
application and attention to detail.
Thank you again :)
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charcat
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response 4 of 56:
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Jan 4 03:06 UTC 2005 |
Thanks for all your hard work Mark, you will be hard to replace I'm sure.
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jep
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response 5 of 56:
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Jan 4 03:18 UTC 2005 |
Thanks, Mark.
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dpc
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response 6 of 56:
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Jan 4 14:24 UTC 2005 |
Thanks, Mark. You have done a marvelous job. Big shoes to fill.
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i
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response 7 of 56:
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Jan 5 03:52 UTC 2005 |
Thank you, aruba, and best of fortune with your thesis.
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albaugh
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response 8 of 56:
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Jan 5 04:48 UTC 2005 |
There can't be too many thanks given to aruba. And that goes for the rest
of the baff, including janc, mary, gelinas, and many others. Thanks for all
you have done, and continue to do to keep grex running. Whether or not it
remains a place worth supporting is TBD and largely in the eye of the
beholder. I think that most would still say YES! :-)
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jjnoyles
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response 9 of 56:
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Jan 9 10:27 UTC 2005 |
0.55% interest?? Sheesh! The Internet bank NetBank gives me 1.9%
annually on my Money Market account! It may have just gone up in
the last few months, but I know it's never been less than 1%, and
you don't need a lot of money to get this rate, which is their
lowest.
Check out www.netbank.com for more details.
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jjnoyles
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response 10 of 56:
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Jan 9 10:32 UTC 2005 |
NetBank has the following benefits:
No monthly service charge with an average monthly balance of
$500 or more
Interest compounds daily and is credited monthly
Free first box of personalized checks
Free online statements
Free ATM card available
No minimum balance is required to earn interest
Access your account via computer, telephone, wireless PDA or
WAP phone
Account may be used as overdraft protection on your NetBank
Checking account
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I know I'm new here (just a few hours), but when I saw how little
was earned on the savings, I had to speak up.
Shutting up now...
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aruba
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response 11 of 56:
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Jan 9 15:39 UTC 2005 |
It is a pretty sucky rate we have, that's for sure.
A while back Grex decided that we wanted to be conservative with our
savings, and that money markets were just a bit too risky. Because, after
all, a money market is an investment, and its value can potentially
decrease.
Perhaps it's time to revisit that decision. But we don't really have enough
cash reserves for it to make much of a difference.
Juan - thanks for contributing ideas! They are most certainly welcome here.
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keesan
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response 12 of 56:
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Jan 9 17:50 UTC 2005 |
Grex also decided against a 5% CD - because it was not insured?
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jp2
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response 13 of 56:
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Jan 9 18:27 UTC 2005 |
This response has been erased.
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mary
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response 14 of 56:
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Jan 9 21:00 UTC 2005 |
Right, but with a CD your money is locked up for a period of time,
years worth of time usually.
Grex's money needs to be safe and readily available.
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jp2
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response 15 of 56:
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Jan 9 21:03 UTC 2005 |
This response has been erased.
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mary
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response 16 of 56:
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Jan 9 21:15 UTC 2005 |
I wouldn't the little money Grex has tied up at all. Not even for
one month. That money should be available to keep Grex up and
running.
But I love how this discussion comes up from time to time. It's a
little like thinking about what you'll do with all those lottery
winnings you'll have, someday.
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mary
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response 17 of 56:
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Jan 9 21:15 UTC 2005 |
s/wouldn't for/wouldn't want
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cross
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response 18 of 56:
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Jan 9 21:36 UTC 2005 |
That's you, Mary. Personally, I'd like to see grex make a little money
by putting $1000 or so into a CD.
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mary
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response 19 of 56:
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Jan 9 23:49 UTC 2005 |
Okay, let's think it through. That's about half the money we have.
Say we sink $1,000 into a CD, 90 days, paying 3%. That's about the
best deal I can find with my quick 30 second internet search. At
the end of each ninety day period we'll be ahead (drum roll here)...
$7.50.
Wow, let me catch my breath. And for that $7.50 the treasurer will
need to keep an eye on yet another account and we'll have to hope
nothing goes wrong and we need that money to keep Grex online. If
we did need to get at it sooner, well, I'm not sure what the penalty
would be, but I'd bet it would eat away at our awesome profits
pretty damn fast.
Half our income, tied up for 90 days at a time, for $7.50.
Are you really advocating we do this?
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cross
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response 20 of 56:
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Jan 10 00:47 UTC 2005 |
I guess I just don't see the problem. Have we really needed to get at
our money *that quickly* in the past? What could happen that could possibly
cost use $1000? We could buy a whole new Grex machine for what we'd have
left in savings. Let's seriously evaluate the risk here: it's just not
that great.
Am I seriously advocating an account that earns more interest than the
savings account we have now? No, not really. It would be nice, but our
financial situation isn't so dire that I feel it necessary. But, on the
other hand, I'm not willing to dismiss ideas out of hand.
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marcvh
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response 21 of 56:
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Jan 10 01:06 UTC 2005 |
Logistically it increases the burden on the treasurer to manage the CD
investment, and when rollover time comes around to either allow it
to roll over or not if we think we might need the money, with a penalty
for not acting within a fairly narrow time window. I guess this
would be up to whomever becomes treasurer but if we value his/her time
at all it seems unlikely to be worth it.
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jp2
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response 22 of 56:
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Jan 10 02:18 UTC 2005 |
This response has been erased.
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aruba
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response 23 of 56:
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Jan 10 04:33 UTC 2005 |
What Marc says is correct. We did have a CD at TCF for a while, and it
worked like this: you could buy a CD for any number of months. Most of the
possible periods had pretty low rates. But there were a few periods which
were "on sale" - they had a much better rate. We bought one of those. The
thing was, the periods that were on sale changed once in a while; so 8
months might be on sale at one point, and then a while later it's not, but
6 months is on sale instead. However, if you bought an 8-month CD when it
was on sale, it will automatically renew for another 8 months unless you go
down to the bank within a certain one-week windo and tell them you don't
want that. And if it renews, it will no longer be at the special high rate,
but rather at the standard, sucky rate.
So buying CDs requires the treasurer to keep on his toes. It's not a great
hardship, but still, I feel like it's a big enough job already. But if
someone wants to be Grex's CFO and do the legwork to move money around, then
hey, it might be worth the extra $7.50 per quarter.
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charcat
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response 24 of 56:
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Jan 10 04:50 UTC 2005 |
Couldn't the treasurer be reimbursed say $20 an hour for time and travel
expenses to do the job. ;-)
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