92011-04-22 22:55:40ClintonEbadiRevert to revision 6.82011-04-21 17:03:25warhol.kgs.ku.eduTNcnky <a href="http://afvgjftfmmlh.com/">afvgjftfmmlh</a>72011-04-21 06:05:17thurrock_hide.cache.e2bn.orgHome run! Great slugging with that anwesr!62009-10-16 20:48:14ClintonEbadiupdated numbers52009-10-12 22:22:33RobinTempletonNCB42009-09-24 23:35:33ClintonEbadi32009-09-24 23:32:44ClintonEbadia few notes on banking22009-09-24 19:33:55ClintonEbaditypo12009-09-22 21:06:42ClintonEbadiinitial ... number are extremely fuzzy

135 Members 161 Pledges $5/month/pledge Income pledges: $805 members: $685 Current Monthly Expenses $969.85 'Monthly Deficit: $164.85' ($1.02/pledge, $1.22/member) 33 additional pledges needed to break even (59 additional members without pledges)

$136.30

Server Hardware: ~$2000 PowerEdge 2970 + large raid Console Server Switch New Colocation: ~$700/month * 2 Actual cost pending We would be carrying this in addition to peer1 for up to 60 days (ideally 30)

Each month at both colos (($700 + $850) = $2250) Pledges: $13.97 Members: $16.67

Per pledge: $14.82 Per member: $12.42

Dues pegged to ceiling(recurring expenses / pledges) The board would be authorized to add $0-$3 per share for projected non-recurring costs and debts Dues would be adjusted quarterly based on new costs and member counts Plan would be enacted for December billing cycle

All numbers involving new setup are pending known colocation cost. Assuming 161 pledges Adjusted to October Real Cost = $969.85 Per pledge: $6.02 No debt repayment / non-recurring costs adjustment

October and November would run a deficit. October deficit: $164.85 November deficit: $864.85 Total: $1029' This becomes a total migration deficit of ~$2000 + ~$1029 + $136.30 = ~$3165

December real cost:$811.60 December income (161 pledges @ $7): $1127 Surplus: ~$315 Per Pledge: $1.85 Per Member: $2.34 Remaining deficit Mar 1: '$2220' Entire deficit paid off ~7 months later (assuming zero or slow expansion)

Each new member joining before quarterly adjustment is paying 100% toward migration debt / expansion funding. New members therefore essentially pay for the capacity expansion required to handle them.

With 300 members: Projected real costs: $811.60 Per member: $2.71 (3) Expansion fund: $1 Total cost: $4 Monthly surplus: $388.40 (or $688.40 with $2 expansion fund) This is feasible within a year given our new hardware.

A while ago we looked at leaving Wells Fargo and joining the NCB, but the discussion died with no resolution. Do we qualify to have a business account with NCB? If we do we might qualify for an interest bearing checking account. I can't find anything to indicate that we wouldn't be eligible for a business account with the NCB. [] is the NCB application for a business deposit account. Interest-bearing checking accounts are available to nonprofits, but "some nonprofit organizations may not qualify." The website has phone numbers for banking and nonprofit specialists, as well as a general contact form.

We could open an account for storing member deposits into a savings or similar type of account and perhaps make a small amount of interest. Member deposits tend to not be touched often (if needed only the lower 2/3 of the balance could be stored in the interest bearing account), and so would be ideal for storing this way. What are the rules for HCoop as a non-profit corporation with regard to interest? Do we have to disburse gained interest to member balances, or could it instead go into a general use fund?