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LATEST POSTS
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By RobertCalifornia · Posted
I would argue that is mostly true. Regardless of how this bankruptcy goes, the local councils only receive operating income from FOS, camping fees, investments, supply sales, etc. FOS funds support annual operations. Those funds are not invested in capital assets and primarily fund the day to day operations and salaries of the nonprofit. Same for any United Way funds that are not specific for some program service. -
By CynicalScouter · Posted
At this point any council still saying it knows it is a bald faced lie. -
By MYCVAStory · Posted
The TCC in the meeting last week with the Local Councils (outside of mediation confidentiality) discussed at length how the financial analysis of every Council was individual and intended to allow the Council's credit rating to remain at investment grade AFTER each contributes to the settlement. As the example in the objection shows, this was a VERY deep dive into each Council. There was no baseline for contributions across all Councils. It was independent and done to demonstrate what Councils were able to afford given their significant claim exposure. -
I got a donation request yesterday from council that insisted all funds stay local. -
I first clicked on the link from Kosnoff's twitter feed and it worked without payment required but now it is paywalled. I find incognito mode on the browser sometimes allows access to some articles.
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