Re: Treasurer's Report as of 2011-12-31

Martin Michlmayr wrote:
> * Michael Schultheiss <schultmc(at)spi-inc(dot)org> [2012-01-12 14:01]:
> > Income Statement
> > for the Period December 01, 2011 - December 31, 2011
>
> I have two questions regarding this Treasurer's Report:
>
> > Fluxbox 1,669.85
> > SPI 5% 924.66
> > Total Ordinary Income 58,446.84
>
> The SPI 5% listed is not 5% of the total income. I can see at least
> the following differences:
>
> Debian: 5% of 9996.42 is 499.82 vs 201.16 SPI 5%
> freedesktop.org: 5% of 225.00 is 11.25 vs 7.50 SPI 5%
> LibreOffice: 5% of 27365.00 is 1368.25 vs 93.25 SPI 5%
> PostgreSQL: 5% of 4620.00 is 231.00 vs 56.00 SPI 5%
>
> I found this page on the old SPI web page
> http://oldwww.spi-inc.org/treasurer/the-5-commission.html/
> which suggests that the 5% is not taken from every transaction
> ("Second, in some cases such as special grants the 5% may be waived at
> the Treasurer's discretion."). Is this the case here?

Yes, this is the case. A good portion of the funds received in December
2011 were grants from Google for participation in the Google Summer of
Code.

> If so, it would be great if the board could review this document from
> the old web page, approve it and move it to the current web site.
> (And maybe explain what "Treasurer's discretion" means in practice.)

I typically exercise this discretion for conference sponsorships and
Google Summer of Code. I agree that this information should be provided
more clearly.

> Second, Fluxbox is listed to have income of 1669.85 USD but Fluxbox is
> not listed to have had any expenses. Since I cannot find Fluxbox
> among the list of cashed checks, I would have expected there to be
> expenses for Processing Fees and the SPI 5%. Can you clarify if this
> is an omission or something else? (Ah, I just noticed that Fluxbox has
> total assets of 1669.85 USD and is a new project, so presusmably this
> was a transfer of existing assets to SPI which didn't incur processing
> fees and the SPI 5%. Is this correct?)

Fluxbox's total income as of 2011-12-31 was entirely from a grant from
Google for participation in the Google Summer of Code as mentioned
above.

--
----------------------------
Michael Schultheiss
E-mail: schultmc(at)spi-inc(dot)org