[Foundation-l] Latest board resolutions

Fri Jul 28 11:28:25 UTC 2006

geni wrote:

>On 7/27/06, Brad Patrick <bradp.wmf at gmail.com> wrote:
>  
>
>>You have to be kidding.  Are you seriously suggesting the Foundation stop
>>buying servers?
>>    
>>
>IANAA but
>
>Once you factor in depreciation the logical end point of his position
>is probably that the foundation should turn liquid assets into servers
>and related products as quickly as posible.
>
That wouldn't do it.  Cash and equipment are both assets on a balance 
sheet.  If it ever came to that, either could be used to satisfy a 
debt.  Buying hardware just so that it can have an opportunity to 
depreciate does not seem like a sensible strategy.  Although it's 
important to plan for equipment breakdown and obsolescence there is also 
a value to delaying purchases.  The same $10,000 that you might spend 
prematurely today for a desired piece of equipment might give you a more 
advanced piece of similar equipment a year from now.

Ec