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Re: On LI Fund management
At 02:10 PM 14/09/00, you wrote:
IMO, its far better to use this money to buildup long-term funds... that
can be used in raising user-awareness, propaganda/publicity campaigns in a
structured manner. Every organisation of every nature requires funds for
long term functioning. Sure, we are different in many ways than others,
but even we can't do without money for various resources and
requirements... whether it is subscription-based, fee-based, voluntary
contribution based or sponsorships... the bottom-line is that we need
funds. While Guru's ad-hoc fund-raising idea sounds simple and ideal on
the face value, IMHO it is not entirely practical.
I think Prabhu had mentioned something about auditors. I think requiring an
annual external audit would keep things open and above-board. As I see it,
the only way of avoiding the 'doubts' caused by money is by not allowing
them to breed. Either eliminate the money all together or make sure it's
handling is fully transparent.
BTW, I am all for us practising complete caution, but against becoming a
bunch of "Doubting Thomas"es. We seem to be drifting on occassions to
doubt everyone's motives/intent.... The majority of us are here with
honest motives. And since we are sticking to the democratic principles I
am sure we can overcome/overrule representative with any other "interests".
Frankly, I am ambivalent on this and would like to see more discussion.