Martin Michlmayr wrote: > * Michael Schultheiss <[email protected]> [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: [email protected] _______________________________________________ Spi-general mailing list [email protected] http://lists.spi-inc.org/listinfo/spi-general
