> At 1:08 AM -0700 9/23/04, Tony Hain wrote:
> >2.1.4 - 6 months for the reserve is a funny number for an organization where
> >the nominal income period is 4 months. Wouldn't it make more sense to spell
> >out a reserve that covered a disaster case of a canceled meeting after the
> >contracts had been signed? Something like:
> >Also, in normal operating circumstances, the IASA would look to have a 6
> >month operating reserve for its non-meeting activities plus twice the recent
> >average for meeting contract guarantees.
> 
> I had been thinking that the IAOC will probably choose to get event 
> insurance to cover cancellation of an IETF meeting due to outside 
> forces (airline strike, earthquake, etc.).
> 

Mmm.. maybe for those.
But I bet not for tragic events like terrorist strikes/threats or war related
issues. So setting up some reserves of our own seems better to me.
Also no so sure about things like a SARS outbreak and people just choose
to not to travel.

Bert

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