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

On Thu, Feb 9, 2012 at 3:10 AM, Martin Michlmayr <tbm(at)cyrius(dot)com> 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?
>
> 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.)
>
> 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

We spent a decent chunk of change to get to the Google summer of code
mentor's summit. This was before we were SPI official, so we routed
the payment to SPI after we were accepted as an approved project.

> 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?)

Close :)

>
> Thanks.
>
> --
> Martin Michlmayr
> http://www.cyrius.com/
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Thanks for checking up :)
-T

--
:wq