Re: [802SEC] 802 Plenary registration fees
Buzz,
We currently have an adequate reserve to cover the primary meeting hotel
cancellation penalties, but we will be losing on average ~$20k per
meeting in 2003 if we continue the $250/$300 registration fee structure.
How much additional reserve we need to cover the worst case secondary
hotel cancellation penalties is yet to be determined. That in my mind
will determine whether the increase should be to $275/$325 or $300/$350.
That said, other opinions are welcome and invited.
Thanks,
wlq
"Rigsbee, Everett O" wrote:
>
> Bill, I suggest we just go for the $300/$350 to ensure we get to the safe
> level soon, and then if we are seeing an ongoing revenue surplus at that
> point we can back it off to match our actual run rate. We have not raised
> the meeting fees in over 4 years, and our fees are low relative to other
> groups such as IETF.
>
> Thanx, Buzz
> Dr. Everett O. (Buzz) Rigsbee
> Boeing - SSG
> PO Box 3707, M/S: 7M-FM
> Seattle, WA 98324-2207
> (425) 865-2443 Fx: (425) 865-6721
> everett.o.rigsbee@boeing.com
>
> -----Original Message-----
> From: Bill Quackenbush [mailto:billq@attglobal.net]
> Sent: Tuesday, October 08, 2002 4:17 PM
> To: IEEE 802 SEC
> Subject: [802SEC] 802 Plenary registration fees
>
> Members of the SEC,
>
> As I indicated in the Treasurer's report at the closing SEC meeting in
> July, we need to increase the Plenary meeting registration fees in order
> to maintain a reserve adequate to cover the worst case meeting
> cancellation penalties. This criteria requires that 802 maintain a
> reserve of at least $125k to cover the worst case primary hotel contract
> cancellation penalty. To achieve this, the Plenary meeting fee must be
> raised to at least $275/$325 beginning with the March, 2003 Plenary
> meeting. I have not yet reviewed the secondary hotel contracts.
> Depending on the penalties in these contracts, the increase may need to
> be greater.
>
> The budget through 2003 assuming $275/$325 registration fees is attached.
>
> While it appears that the Treasurer does not need approval to set the
> Plenary meeting fees (Section 2 of the LMSC Operating Rules), I request
> your support for an increase in the Plenary registration fee of at least
> $25, but no more than $50 beginning with the March, 2003 Plenary meeting.
>
> Thanks,
>
> wlq