Anthony Butcher

NEC Proposal submitted 2nd May by Anthony Butcher

PROBLEM:
Having discussed at some length the financing of by-elections with Steve Allison (the by-election coordinator), it is clear that we need to ensure that money is always available for these important elections and that the amount available is also known in advance. Past experience has shown that under the current system staff are often left paying for items using personal credit cards and expenses are left unpaid (both to individuals and companies).

Steve has asked that we create a separate bank account in order for him to build up ring-fenced finance prior to by-elections. This will allow much better project planning and a faster response to elections.

PROPOSAL:
That the party creates a separate bank account for by-election funds.

ISSUES:
Obviously this might create slightly more accounting work, but the use of a separate account could also make the accounting simpler (since the accounts will record every transaction).