[OSGeo Finance] financial status overview?

[Dave McIlhagga]

Thanks for the clarification Frank.

Sorry - didn't mean to imply anyone was sleepwalking through this. :)

Now that I'm off-the-board, I'm realizing how challenging it is to get  
a feel for where things are at. not to take anything away from  
everyone's efforts -- it's just a tough challenge.

Dave


On 16-Apr-09, at 10:30 AM, Frank Warmerdam wrote:

> Dave McIlhagga wrote:
>> On 16-Apr-09, at 10:10 AM, Frank Warmerdam wrote:
>>> In fact, if we fail to bring in the new sponsors, and take a loss on
>>> FOSS4G 2009 we could easily use up the bulk of our reserves by the  
>>> end of
>>> this year.  This is a fairly likely scenario.
>> Hmmm - that's not too encouraging. Is there any action taking place  
>> at the moment in terms of attracting significant new sponsors? I'd  
>> hate to see our current cash situation lulling the organization  
>> into a false sense of security ...
>
> Dave,
>
> The board has accepted responsibility for soliciting new sponsors.
> There has been some effort in that direction, and it was the main  
> topic
> at the last board meeting.  However, so far results are not  
> encouraging.
> Our hoped for new major sponsor has not been receptive.
>
> As discussed during the budgeting process, I would like to do a mid- 
> year
> financial review.  At that point we may need to ask the board to  
> reduce
> further planned marketing expenses, and take other steps to conserve
> funds.
>
> At that point we might also need to contemplate whether we can  
> afford a
> full time ED role in 2010 depending on the situation and (realistic)
> projected income and expenses.
>
> I don't feel lulled into a false sense of security...
>
> 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    | Geospatial Programmer for  
> Rent
>