[OSGeo Finance] Finance Report

[Dave McIlhagga]

Actually in these cases - the funds are allocated for contracting when  
the sponsorship is committed - even before the actual contracts are  
signed. So I'm not a finance expert -- but I believe we should be  
identifying it as a liability since the project can issue a contract  
for this at any time.

Ken - does this make sense to you?

Dave





On 9-Jul-08, at 12:39 PM, Frank Warmerdam wrote:

> Dave McIlhagga wrote:
>> Hi Tyler,
>> I've been through the documentation - the one thing I'm not clear  
>> on is our cash vs income situation. I'm not certain -- but it seems  
>> like these numbers reflect the cash side rather than income? For  
>> instance -- there is significant income from project sponsors (for  
>> GDAL) but no indication of a liability for future contracting that  
>> OSGeo is on the hook for. There may be other examples like this  
>> that I'm not aware of.
>> Could you provide some clarity on this? Although cashflow  
>> management is important -- for a clear view of health and  
>> sustainability of the organization (especially in an annual  
>> report), it's critical that our income statement and balance sheet  
>> be accurate.
>
> Dave,
>
> In the example of GDAL, are you looking for a record of outstanding  
> liabilities
> like contracts that have been signed and we can consider ourselves  
> on the hook
> to pay?
>
> There are none outstanding from 2007, but there are two for 2008  
> that could
> be recorded.  I try to notify you and Tyler when I sign contracts on  
> behalf of
> OSGeo but I can collect the potential liabilities for review if  
> needed.
>
> Best regards,
> -- 
> --------------------------------------- 
> +--------------------------------------
> I set the clouds in motion - turn up   | Frank Warmerdam, warmerdam at pobox.com
> light and sound - activate the windows | http://pobox.com/~warmerdam
> and watch the world go round - Rush    | President OSGeo, http://osgeo.org
>