[geeks] geeks Digest, Vol 86, Issue 11
Jonathan Patschke
jp at celestrion.net
Thu Jan 21 21:45:36 CST 2010
On Thu, 21 Jan 2010, Lionel Peterson wrote:
> What makes you think a private corporation would have done anything
> differently?
Because corporations are allowed to have savings accounts. They also
generally have profit motive instead of guaranteed funding.
> A one-time discount can't be planned for,
It can when the vendor advertises it before you need the product.
> In your example I assume the discount was a time-limited offer (it only
> existed in this acct period, not later one, so you'd have had to borrow
> money not save it).
You assume incorrectly. If we could've secured permission, we'd have held
the money until the subsequent accounting period and bought then.
> Why was there anymoney available for this purchase when it wasn't needed
> for several months, sounds like they really didn't plan their budget
> 'burn rate' correctly...
Because the accounting period for Texas state agencies is two years.
There's a lot of slop in a period that large.
--
Jonathan Patschke ) "Science is what we understand well enough to explain
Elgin, TX ( to a computer. Art is everything else we do."
USA ) --Dr. Donald Knuth
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