[OSGeo Finance] Finance Report

[Ken Tamura]

I like Dave's point.

Cash flow is important, but it is a point in time.
If there were any obligations in the reporting year that has not been paid as of the last day of the reporting period, they should be recorded as a Liability and Expense in the current year to properly reflect income for that year.

If you have any questions about the accounting side, please call me and I can help you better understand how to update the reporting.

Thanks,
Ken


Ken Tamura
Geospatial Solutions of Autodesk, Inc.
415-507-8313 (w)    415-299-1704 (c)

-----Original Message-----
From: Dave McIlhagga (External)
Sent: Wednesday, July 09, 2008 9:24 AM
To: Tyler Mitchell (OSGeo)
Cc: Ken Tamura; Finance List; Frank Warmerdam (External)
Subject: Re: [OSGeo Finance] Finance Report

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.

Thanks,
Dave




On 8-Jul-08, at 10:48 PM, Tyler Mitchell (OSGeo) wrote:

> On 27-Jun-08, at 7:01 AM, Dave McIlhagga wrote:
>
>> In the meantime -- I will give the detailed information a review,
>> and would ask other interested committee members to do the same. If
>> possible I would ask that we have any questions about 2007
>> financials from the committee posted through this mailing list by
>> next Thursday. Given the Canadian and US holidays next week --
>> that's probably going to be pretty tight as it is.
>>
>> We could then look to vote on a recommendation to the board
>> concerning the financials early the week following.
>
> Any more thoughts or feedback?  If we have a board meeting this week
> it would be nice to have the financials recommendation put forward.