[Board] [OSGeo-Conf] Financial limit on advances and guarantees to FOSS4Gs

[Darrell Fuhriman]

Agreed. The single biggest financial commitment is catering and those contracts come very late in the process when revenue should be quite clear.

For things like natural disasters, security scares, etc. event insurance is inexpensive, easily available, and should be considered mandatory. (I can look up exact numbers and terms when I get back to my desk if anyone would like them.)

Darrell


> On Aug 24, 2015, at 13:55, Cameron Shorter <cameron.shorter at gmail.com> wrote:
> 
> Hi Jeff, board, and conference committee,
> 
> To provide context, in 2009, at the end of the early bird registration we had significantly fewer registrations than projected, are we were looking to potentially suffer a $60K to $70K loss.
> With a lot of hard work, and nervous concern, we managed to bring the conference back to a modest profit. However, I'd suggest that a loss within the $50K to $150K range should be considered possible, even with good management. A global security scare, health scare, or financial crisis could easily trigger such a loss.
> 
> Warm regards,
> Cameron