[802SEC] 802 Plenary registration fees

[Bill Quackenbush <billq@attglobal.net>]

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

Unknown Document