Re: Treasurer's report for Feburary

For the upcoming March meeting:

Income Report
--------------
As of 2/28/07. Note that these figures are NOT yet verified by our CPA.

name | expenses | income | net | balance
-----------------+----------+--------+----------+----------
Debian | 2282.81 | 784.28 | -1498.53 | 97742.00
Drupal | | | | 6650.00
Freedesktop.org | | | | 1900.00
Gallery | | 144.78 | 144.78 | 783.42
OVF | | 90.49 | 90.49 | 23.91
PostgreSQL | | 135.82 | 135.82 | 21801.48
SPI 5% | 0.00 | 61.02 | 61.02 | 11423.45
SPI General | 395.93 | 54.77 | -341.16 | 1770.65

Notes: Balance includes all accumulated funds to date, except for
securities interest income for 2006 which is not yet accounted. This
report counts donation dates slightly differently from the required IRS
rules and thus will differ slightly from our accounting reports. Balance
forward from 2005 and earlier is assumed to be 100% Debian funds (see
below).

Accounting Status
------------------
All 2006 donations and expenses are entered into the ad-hoc data entry
system. After some discussion with our accountant, these amounts will be
imported into the accountant's proprietary system for preparation of our
2006 taxes. We will start fresh for 2007 with ledgerSMB; the Treasurer
plans to pay a LedgerSMB developer to make this happen a little faster
than it has been.

We have terminated our relationship with Mark's bookkeeping service, and
they have forwarded copies of all of our files.

Tax/IRS Status
-------------------
The IRS requested additional information for our 2005 Form 990, namely a
listing of donors over $5000. I forwarded this information to them and
have not heard back. We need to start harassing them again about updating
our address.

We have begun preparation of our 2006 taxes but because 2006 is not
reconciled, we will probably file an extension.

I will have filed our New York registration by the board meeting.

Notes for the Board
------------------------
1) I have made the assumption that all balance forward from 2005 is Debian
money. Does anyone have any reason to believe that we are holding unspent
funds for other organizations from 2005 or earlier? Please speak up.

2) I will be putting forward a proposal for budget for LedgerSMB help.
Item to follow.

3) Donor reports are being sent to the liasons.

--
--Josh

Josh Berkus
Treasurer
Software in the Public Interest, Inc.
treasurer(at)spi-inc(dot)org

On Wed, Mar 07, 2007 at 04:21:45PM -0800, Josh Berkus wrote:
> Balance forward from 2005 and earlier is assumed to be 100% Debian funds
> (see below).

> 1) I have made the assumption that all balance forward from 2005 is Debian
> money. Does anyone have any reason to believe that we are holding unspent
> funds for other organizations from 2005 or earlier? Please speak up.

Did Fresco have any funds held by SPI back then? Cc:ing Stefan.

--
2. That which causes joy or happiness.

Josip Rodin wrote:
> On Wed, Mar 07, 2007 at 04:21:45PM -0800, Josh Berkus wrote:
>> Balance forward from 2005 and earlier is assumed to be 100% Debian funds
>> (see below).
>
>> 1) I have made the assumption that all balance forward from 2005 is Debian
>> money. Does anyone have any reason to believe that we are holding unspent
>> funds for other organizations from 2005 or earlier? Please speak up.
>
> Did Fresco have any funds held by SPI back then? Cc:ing Stefan.

No, Fresco did never have any funds.

Regards,
Stefan

--

...ich hab' noch einen Koffer in Berlin...

Josh Berkus wrote:
> We need to start harassing them again about updating our address.

Why do we need to do that? The last IRS agent I talked to verified that
our address on file is the current PO Box.

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