[OSGeo Finance] Finance Report

[Tyler Mitchell (OSGeo)]

Hi Dave,

Yes future costs are not part of the 2007 reports, so these are  
pretty much cash reports, (though at a quarterly scale there are a  
couple accrued donations from sponsors).  As a snapshot of 2007 I  
wouldn't expect 2008 commitments to be shown, but perhaps I should?   
Additional contracts for GDAL were not let until 2008 I believe, so  
that explains any missing ones there, but should that be in a 2008  
outlook column?  I thought of adding a budget comparison column too.

The accrual approach is certainly something I'm still trying to get  
used to.  I find it hard enough to keep up with updating cash  
status.  Do I need to enter all upcoming costs into quickbooks - or  
perhaps only ones over a certain cost threshold?  We have several  
monthly costs, some that are under budget, etc. - so I guess we'd  
have to do a cash-vs-accrual report to give a true cash picture too.   
I'm feeling more and more like I need some professional help .. for  
these financial things.

Tyler


On 9-Jul-08, at 9:23 AM, 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.
>
> 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.
>

Tyler Mitchell
Executive Director
Open Source Geospatial Foundation
tmitchell at osgeo.org
P: +1-250-277-1621
M: +1-250-303-1831