I say *if* we do anything here, then option C without any hesitation. IE: We have to plan to raise a bit more money to cover any currency fluctuations. We can not put onerous conditions on our sponsors. (And by onorous, I mean asking them to contribute on an accelerated timeline that doesn't match their budgetary schedules and/or dealing with foreign exchange requirements. Most small - medium sizes US companies only deal in USD, and keep their books in USD. We need to make sponsorship easier, not harder.)
That said we still have a ways to go before we have raised enough funds to cover our expected costs, excluding currency fluctuations, so I don't feel this is a priority at all. (Now) -Brian On Mon, Nov 19, 2012 at 1:11 PM, Daniel Pocock <[email protected]> wrote: > > > > There was some discussion on #debconf-sponsors about sponsors wanting to > pay USD instead of CHF. > > If a sponsor is saying this, it probably means they don't want the > uncertainty of exchange rates hitting their budget. So if a large > sponsor can't afford that uncertainty, can DebConf? > > I'd propose that if such agreements are going to be accepted, then it > would be on one of these conditions: > > a) the sponsors pay all the money immediately so we can convert to CHF > using current exchange rates > > or > > b) SPI or somebody else lends DebConf the USD amount for immediate > conversion to CHF, and then the loan is repaid when the sponsor gives > the USD money in future > > or > > c) the budget needs to include an exchange rate buffer, maybe 30% or > even 50% of any foreign currency amounts that are unpaid. So if there > is $US50,000 coming in July, we only count that as CHF 35,000 in the > revenue forecast > > or > > d) sponsor must sign a contract for CHF amount > > _______________________________________________ > Debconf-team mailing list > [email protected] > http://lists.debconf.org/mailman/listinfo/debconf-team _______________________________________________ Debconf-team mailing list [email protected] http://lists.debconf.org/mailman/listinfo/debconf-team
