[OSGeo Finance] Balance Sheet Summary Q1-Q3

[Tyler Mitchell (OSGeo)]

On 1-Oct-08, at 2:26 PM, Ken Tamura wrote:

> Quick questions:
> ·         Is it true that accounts receivables are growing each  
> quarter?  This means that there are donation obligations that  
> groups/people owe and are past due.

When I issue an invoice to a sponsor, I accrue for it.  So it's  
automatically checking whether or not I've registered a payment - not  
sure about "past due" or not, I don't think it differentiates at that  
level.

We did a pretty large batch of project sponsorship renewals.  Some of  
them may decide not to renew in the end.  Then there were the two  
remaining Autodesk checks for the year - one I just received today.   
So the amount isn't as huge as it might seem.

Any suggested changes to that process?

> ·         Is it true that in the bank account there is cash  
> available of over $160,000?  This should reconcile to the bank  
> account.

Yes the bank accounts are matching these numbers.

> ·         Finally, is it also true that as of Oct 1st, the  
> organization does not have any outstanding obligations for services/ 
> goods received by Sept 30th? (meaning there are $0 liabilities at  
> this time).

This is where I think we could improve, at least on the events side,  
but perhaps in other areas.  Should staff salary/expenses, hosting  
services, etc. be included here.  When is a cost considered a  
liability?  When you have been invoiced, or should I just be entering  
in regular bills/expenses ahead of time?  I assume so.

Thanks a lot for looking at it!  Please consider these draft until I  
iron out these lumps.
Tyler