|NESFA® Treasury Procedures – Table of Contents||Obsolete as of 07-Oct-2012.|
This entire procedure is now obsolete. Life membership accounting was abolished by the NESFA Business Meeting on 7 Oct 2012.
Life memberships in Boskone provide a completely paid-up membership in Boskone for the rest of the owner's life. They can be purchased by anyone at the rate specified in SR 1.9(3). (In general, this is 14 times the rate charged to join the current Boskone at the previous Boskone.) Additionally, they are customarily purchased by each Boskone for its Guests of Honor at the rate specified in SR 1.9(6). (In general, this is the same price.)
When a life membership is purchased, the purchase price is credited to the LI-BoskoneLife liability account. (the corresponding debit is the payment from the individual or from the purchasing Boskone's cross-charge account.)
As part of the process of settling up a Boskone, three transactions are performed: