[Community-Discuss] [Board-Discuss] Cotonou Meeting

Tue Jun 19 14:45:13 UTC 2018

New Role?

I was audit-co chair for a long time 😊 No longer on the board – but I still feel the need to know how money is being spent when it’s the members money that is being shelled out.

I point out – there was a point that AFRINIC was trading at an $80k a year loss… through the work of certain people and changes in the way things were done – that turned around – and we made some nice surplus and rescued the organisation from what was a path to bankruptcy (and I have graphs, that are public, and have been presented before that can demonstrate this) to a healthy financial position.

My concern – if we don’t keep the reigns on – how long before we have another 2012 -> 2014, where we made a combined forex adjusted loss of $481,059? Our travel costs increased by a whopping 26.8% in the 2017 financial year – to a level that they have not been at since 2014.

By comparison – our net incoming increased by just 10.7% in the same period.

Post the closing of the financials in 2015 – as per the AFS – a strategic reserve was created – and one of AFRINIC’s biggest arguments has been – we make surplus to build up the reserve.  An initial $250k was placed in this reserve at time of creation (Board resolution 201511.261),  an additional $300k was placed into this reserve in November 2016 under board resolution 201611.316, and a further $500k was placed into this in April 2017 – to bring the reserve to $1,056,860.  Yet – now in June of 2018 – despite the published surpluses – we have seen NO growth in the strategic reserve fund in more than a year – what gives?  That’s the whole stated reason for generating the surplus?

So yes – call me the auditor if you want – I am simply the guy that is watching the financials – very closely – because I for one, want to know that the money that I contribute to this organisation is being spent to the benefit of the members and the community  - and so – the questions will keep coming

Andrew

From: William Ametozion [mailto:wametozion at gmail.com]
Sent: 19 June 2018 17:11
To: Omo Oaiya <Omo.Oaiya at wacren.net>
Cc: community-discuss at afrinic.net; AFRINIC Board of Directors' List <board at afrinic.net>
Subject: Re: [Community-Discuss] [Board-Discuss] Cotonou Meeting

Hi Omo,

It seems that Andrew Alston has assumed a new role as AfriNIC Auditor.

Please, allow him to work with the CEO.

Thanks

William A.

On 19 June 2018 at 13:46, Omo Oaiya <Omo.Oaiya at wacren.net<mailto:Omo.Oaiya at wacren.net>> wrote:
This line of questioning is unnecessary and unbecoming.   I am surprised the CEO has time to respond to this.

Omo

On 19 Jun 2018, at 14:40, Andrew Alston <Andrew.Alston at liquidtelecom.com<mailto:Andrew.Alston at liquidtelecom.com>> wrote:

Sorry,

Last question – why is this event not on the AFRINIC Event calendar (or the ISOC event calendar)

Andrew

From: Alan Barrett [mailto:alan.barrett at afrinic.net]
Sent: 19 June 2018 16:31
To: community-discuss at afrinic.net<mailto:community-discuss at afrinic.net>
Cc: AFRINIC Board of Directors' List <board at afrinic.net<mailto:board at afrinic.net>>
Subject: Re: [Community-Discuss] [Board-Discuss] Cotonou Meeting

> On 19 Jun 2018, at 17:21, Andrew Alston <Andrew.Alston at liquidtelecom.com<mailto:Andrew.Alston at liquidtelecom.com>> wrote:
>
> Alan,
>
> Does this include the cocktail sponsorship

The sponsorship is a lump sum. There is no additional or separate amount for a cocktail.

> – if it does – can we calculate as follows based on previous trips to work out the approximate cost of attendance:
>
> Average cost per person in flights (based on previous financials) - $2049.50
> Sponsorship $3000
> Accommodation while there since it’s a 2 day event - $500 odd dollars per person (conservatively)
> 5 total people
>
> Cost to the membership for this – roughly $16k?

That sounds plausible, though it's more likely to be 4 people, not 5.

Alan Barrett

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