No, no. This is not were the consensus has been moving. The concept is that the Saskatchewan donation be used to promote chess in Saskatchewan. The funds should not be going to the Foundation! The funds should be kept in the hands of the CFC, but as a segregated amount, similar to the youth fund. I would also like to see a sunset clause, if funds not used in say 3-5 years, then it goes to general revenues.
Further to Paul's comment regarding amortization of the website costs, with a balanced budget (more or less), the amortization of the website costs means we are recuperating the cash expended from the website, see our cash balance of 27k (see financial statements). The cash balance should be monitored by ED and Treasurer and excess funds sent to the Foundation (in trust) for investment.