The Newest Sleep Aid - The Executive Committee Meeting
Keep in mind here, that I came in late and yet I still hit the wall at two hours. But not to get ahead of myself.
I came in as the Executive Committee was discussing the MOU with the Alliance for Education. You might recall from the last Executive Committee meeting (Charlie and I were both present) that the Alliance wants to raise its fee to oversee school and ed groups finances from 5% to 7.5%. This comes out of the General Fund. Charlie had said he would do it for 5%.
This really isn't the main focus of work for the Alliance so why is it such a big deal for them to keep on doing it?
Now the Alliance says that the cap at 5% was not enough. I'll let them explain it:
The fee arrangement quickly proved inadequate. Direct costs of administering the services exceeded the cap. Before 2009, interest which we retained on the first $25,000 of each account helped to defray the shortfall between the fee and what it costs to provide the service. however, the Alliance's ability to defray the shortfall
I came in as the Executive Committee was discussing the MOU with the Alliance for Education. You might recall from the last Executive Committee meeting (Charlie and I were both present) that the Alliance wants to raise its fee to oversee school and ed groups finances from 5% to 7.5%. This comes out of the General Fund. Charlie had said he would do it for 5%.
This really isn't the main focus of work for the Alliance so why is it such a big deal for them to keep on doing it?
Now the Alliance says that the cap at 5% was not enough. I'll let them explain it:
The fee arrangement quickly proved inadequate. Direct costs of administering the services exceeded the cap. Before 2009, interest which we retained on the first $25,000 of each account helped to defray the shortfall between the fee and what it costs to provide the service. however, the Alliance's ability to defray the shortfall
