[OSGeo Finance] Motion: Adopt Financial Reports

[Tyler Mitchell (OSGeo)]

Thanks Dave,

I believe that only when a contract is issued to actually spend the  
funds, should it be listed as a liability (e.g. a future bill for  
services).  That is, it shows as a liability when commitment to spend  
the money is made. If we took the other approach then everything that  
was in our budget would be treated like a liability too since we plan  
to spend it. and I don't think that's what you're after.  Being able  
to show how much of our donations "belongs" to GDAL should be good  
enough I would think.

Tyler

On 8-Aug-08, at 3:34 AM, Dave McIlhagga wrote:

> I don't see where the money available for the GDAL project exists  
> as a liability on our books. ie, the $13,031 amount shown as income  
> for GDAL and available for contracting by the GDAL project as of  
> Dec 31 '07. I believe this should be a liability on our books --  
> Ken was this not what made sense to you?