From 082713e4a5aa29ef7238b605dbdd688af6ae31e8 Mon Sep 17 00:00:00 2001 From: "Robin H. Johnson" Date: Tue, 10 Apr 2018 17:24:08 -0700 Subject: financial-status: current financial state & wrong earlier financial reports. Signed-off-by: Robin H. Johnson --- main.tex | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/main.tex b/main.tex index 67f2815..0d4ab93 100644 --- a/main.tex +++ b/main.tex @@ -84,7 +84,9 @@ The executive of the Foundation is comprised entirely of unpaid volunteers, brok \subsection{Current financial status} \label{sec:background} -The financial state of the Gentoo Foundation is itself in a decent state with no outstanding invoices and a cash on balance at the end of 2017 amounting to \ins{}, however no financial reports have been published by the Board of Trustees since 2012\cite{finrep}. +The financial state of the Gentoo Foundation is itself in a decent state with no outstanding invoices and a cash on balance at the end of FY2017 of approximately \$119K USD. + +No financial reports have been published by earlier Boards of Trustees since 2012\cite{finrep}, and there are well-founded concerns that the none of the original reports are entirely accurate. As a result of negligence of previous treasurers and trustees necessary paperwork has not been filed with federal tax authorities (henceforth \textbf{IRS}). -- cgit v1.2.3-65-gdbad