Re: Convention, Texas, and responsibilities

["Karen Randall" <krandall@rdrcpa.biz>]

I agree completely that if there's any sort of "split" arrangement, it needs
to be of the net... whichever way it goes.  The reason I originally proposed
the idea of letting the local club tag on a "regular" auction and take the
proceeds for themselves is that I didn't want AGA folk, coming form out of
town, to have to man a Sunday afternoon auction that they didn't have much
interest in.

Somehow the two proposals have gotten tangled into one that doesn't seem
like a good idea for anyone.

Karen

Karen A. Randall
krandall@rdrcpa.biz
----- Original Message -----
From: "Erik Olson" <erik@thekrib.com>
To: "S. Hieber" <shieber@yahoo.com>
Cc: <aga-sc@thekrib.com>
Sent: Thursday, January 23, 2003 1:01 PM
Subject: Re: Convention, Texas, and responsibilities


> On Thu, 23 Jan 2003, S. Hieber wrote:
>
> > If we expect only a few proposers, then we might leave the
> > % of split blank but let them know, informally,. that we're
> > sort of expecting 50% on plant auction and reg fees -- or
> > something like that.  That way, we've left the door open to
> > negotiate the split (on what and how much) rather than
> > disuade some prospective proposers from submitting.
>
> Hmm... one small point which I'm not sure anyone is getting is that I am
> *not* saying we do a split on plant auction or reg fees, but 50% split on
> NET, once bills have been paid.  It is a very important distintion, mainly
> because it says that if the convention loses money, then the local club is
> responsible 50% (or whatever the split is) of that loss!  The local club
> needs to share in that burden.
>
> Now maybe that burden is only 25%; that would be the part that is
> negotiated.  But that would still mean they share 25% of the risk.  But I
> beleive it is very important that the split be calculated on the NET,
> rather than the GROSS income.
>
>   - Erik


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