[OSGeo Finance] Motion: Adopt Financial Reports

[Dave McIlhagga]

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?

I could be wrong on this -- Ken, we'll have to rely on your judgement  
on this one.

Other than this one clarification -- I think everything else looks fine.

Dave


P.S. - Since I'm no longer on the board, it's probably best if either  
Tyler or Paul present the financials to the board for approval. I  
should also mention that I would be happy to remain part of the  
finance committee if that's something you would like, either as an  
official member - or just someone poking in with noise from the peanut  
gallery -- whichever is appropriate. :)




On 7-Aug-08, at 7:45 PM, Tyler Mitchell (OSGeo) wrote:

> At time of invoicing a sponsor the projected amounts are split  
> accordingly.
>
> On 7-Aug-08, at 4:30 PM, Paul Ramsey wrote:
>
>> I guess I'm wondering where/when the funds get broken into general
>> revenue category and restricted category.
>>
>> P
>>
>> On Thu, Aug 7, 2008 at 4:05 PM, Tyler Mitchell (OSGeo)
>> <tmitchell at osgeo.org> wrote:
>>> Are you referring to tracking the GDAL project funds for the PSC  
>>> to use?
>>> Those funds are lumped in as income at the high level, but are  
>>> ultimately
>>> tracked as Income->Donations->Project Restricted - e.g. see:
>>> http://www.osgeo.org/files/finance/reports-2007/2007_end_income.html
>>>
>>> Whereas as foundation sponsorship levels have their own accounts.
>>>
>>> Unless I'm mistaken, there weren't any outstanding liabilities or  
>>> contracts
>>> for use of the funds - perhaps that is what you are thinking of?   
>>> All
>>> contracts were wrapped up by end of the year.
>>>
>>> For billing costs against GDAL, they are tracked as a CLASS.  So  
>>> you can see
>>> pretty much the whole picture re: GDAL here in the 4th column:
>>> http://www.osgeo.org/files/finance/ 
>>> reports-2007/2007_end_classes.html
>>>
>>> Does that answer your question?  We had a lot of back and forth on  
>>> tracking
>>> GDAL funds this past year, I'm going to re-check.  I think some 2007
>>> contracts weren't paid out until 2008 - and I suspect I missed that.
>>>
>>> Tyler
>>>
>>>
>>>
>>>
>>> On 7-Aug-08, at 2:49 PM, Paul Ramsey wrote:
>>>
>>>> Does this mean that we are recording the liabilities associated  
>>>> with
>>>> project sponsorships at the same time we are recording the asset?
>>>>
>>>
>
> Tyler Mitchell
> Executive Director
> Open Source Geospatial Foundation
> tmitchell at osgeo.org
> P: +1-250-277-1621
> M: +1-250-303-1831
>
>
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