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

This report uses a cash-based method of accounting, recording donations
when deposited (not when the check was written or received by us) and
recording expenses when sent or scheduled for payment (not when
incurred).

Income Statement
for the Period December 01, 2011 - December 31, 2011

Income
Ordinary Income
Arch Linux 1,105.00
DebConf 11 10.00
Debian 9,996.42
Drizzle 100.00
Fluxbox 1,669.85
freedesktop.org 225.00
Gallery 60.00
Jenkins 8,666.10
LibreOffice 27,365.00
madwifi-project.org 25.00
OpenOffice.org 245.00
OpenWrt 20.00
PostgreSQL 4,620.00
Privoxy 100.00
SPI General 2,311.00
SPI 5% 924.66
The HeliOS Project 1,003.81

Total Ordinary Income 58,446.84
---------

Interest Income
Key Bank Money Mkt Savings 1.53
Chase BusinessClassic Checking 0.21
Chase Bus Select High Yield Savings 12.01

Total Interest Income 13.75
-----

Gross Income 58,460.59
---------

Expenses
Ordinary Expenses

Arch Linux
Processing Fees 52.25
SPI 5% 55.25

Total Arch Linux Exp 107.50
------

DebConf 11
Processing Fees 0.75
SPI 5% 0.50
Travel Reimbursement 1,431.00

Total DC11 Exp 1,432.25
--------

Debian
Processing Fees 154.13
SPI 5% 201.16
VISA Debit Card 3.00

Total Debian Exp 358.29
------

Drizzle
Processing Fees 4.35
SPI 5% 5.00

Total Drizzle Exp 9.35
----

freedesktop.org
Processing Fees 6.70
SPI 5% 7.50

Total fd.o Exp 14.20
-----

Gallery
Processing Fees 2.05
SPI 5% 3.00

Total Gallery Exp 5.05
----

Jenkins
Processing Fees 372.54
SPI 5% 433.31
Trademark Registration 550.00

Total Jenkins Exp 1,355.85
--------

LibreOffice
Processing Fees 79.50
SPI 5% 93.25

Total LibreOffice Exp 172.75
------

madwifi-project.org
Processing Fees 1.35
SPI 5% 1.25

Total MadWifi Exp 2.60
----

OpenOffice.org
Processing Fees 11.55
SPI 5% 12.25

Total OO.o Exp 23.80
-----

OpenWrt
Processing Fees 1.15
SPI 5% 1.00

Total OpenWrt Exp 2.15
----

PostgreSQL
Processing Fees 28.53
SPI 5% 56.00

Total PostgreSQL Exp 84.53
-----

Privoxy
Processing Fees 4.35
SPI 5% 5.00

Total Privoxy Exp 9.35
----

SPI
PaySimple Monthly Fee 29.95
Transaction Fees 46.29

Total SPI Exp 44.41
-----

The HeliOS Project
Expense Reimbursement 429.25
Processing Fees 27.60
SPI 5% 50.19

Total HeliOS Exp 507.04
------

Total Expenses 5,557.83
--------

Net Income 19,782.23
=========

Balance Sheet as of December 31, 2011

ASSETS
Current Assets
Chase BusinessClassic Checking with Interest 31,976.85
Chase Business Select High Yield Savings 97,634.17
Key Business Reward Checking 126,137.44
Key Business Signature Money Market Savings 36,021.39
Ameriprise Cash Mgmt Acct 13,406.15
Debian Debit Card 317.00

Total Current Assets 305,493.00

TOTAL ASSETS 305,493.00

LIABILITIES & EQUITY

General and current liabilities 0.00

Equity
Reserves held in trust
aptosid Earmark 96.13
Arch Linux Earmark 1,255.94
Debian Earmark 63,586.31
DebConf 11 Earmark 30,825.94
Drizzle 90.65
Fluxbox 1,669.85
Freedesktop.org Earmark 13,077.05
FreedomBox Foundation Earmark 20,000.00
Gallery Earmark 7,668.50
GNU TeXmacs Earmark 72.35
Jenkins Earmark 11,252.65
LibreOffice Earmark 41,945.07
Madwifi.org Earmark 1,476.49
OpenOffice.org Earmark 21,857.84
OpenVAS 45.71
OpenWrt 998.80
Open Voting Foundation Earmark 153.65
OSUNIX 0.56
Path64 9.31
Plan 9 Earmark 6,500.00
PostgreSQL Earmark 32,599.75
Privoxy Earmark 545.90
The HeliOS Project 1,085.38
Tux4Kids Earmark 8,788.85
YafaRay Earmark 4,762.58

Total held in trust 270,365.26

General reserves 35,127.74
.

Total Equity 305,493.00

TOTAL LIABILITIES & EQUITY 305,493.00

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

* 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
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?)

Thanks.

--
Martin Michlmayr
http://www.cyrius.com/

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/
> _______________________________________________
> Spi-general mailing list
> Spi-general(at)lists(dot)spi-inc(dot)org
> http://lists.spi-inc.org/listinfo/spi-general

Thanks for checking up :)
-T

--
:wq

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