[IAEP] Ombudsman

[Adam Holt]

On Fri, Feb 12, 2016 at 6:30 PM, Walter Bender <walter.bender at gmail.com>
wrote:

> FYI, Bert has agreed to continue in the role as ombudsman [1] for Sugar
> Labs.
>

Thanks Bert, and thanks Walter for making this happen.

Minutes from today's meeting are available at [2].
>

I misspoke about "[amount] in Sugar Lab's bank account" being $81,966.88
during today's meeting, as this is my first day ever seeing these Sugar
Labs financial files, and beginning to understand them.  The amount is
correct, but the correct terminology is "Net Assets" as clarified below.

A big thank you to the Software Freedom Conservancy for providing these
files (quite a complete financial history of Sugar Labs) to the entire
SLOBS board overnight.  I'll begin to summarize this (financial essentials
from recent years) to the regrettably very dated page
http://wiki.sugarlabs.org/go/Finance from Feb 2012, after I understand more
over the weekend what these files mean.

For now here's the latest summary balance sheet, projected to Feb 29th
2016, which is the end of our financial year:

   Cash: $101,375.99
   Accounts Receivable: $1,914.55
   Total Assets: $103,290.54

   Accounts Payable: $0.40
   Liabilities, Credit Cards: $8,639.86
   Donated To [Software Freedom] Conservancy: $12,683.40
   Total Liabilities $21,323.66

   NET ASSETS: $81,966.88


** Obviously this is a PROJECTION several weeks into the future (today
being Feb 12) so again the above is JUST AN ESTIMATE of a likely outcome
for Feb 29th 2016, last day of our financial year! **
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