financial-status: recent treasurer work of book-keeping & CPA

Signed-off-by: Robin H. Johnson <robbat2@gentoo.org>

1 files changed, 9 insertions, 1 deletions

diff --git a/main.tex b/main.tex
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@@ -90,7 +90,15 @@ No financial reports have been published by earlier Boards of Trustees since 201
 
 As a result of negligence of previous treasurers and trustees necessary paperwork has not been filed with federal tax authorities (henceforth \textbf{IRS}).
 
-A recent treasurer has taken responsibility for cleaning up the historical baggage and performed a massive job of going through historical transactions and recreated a full ledger of transactions in the open source tool Ledger\cite{ledger01}. Data can easily be exported from this tool and direct knowledge from accountants are not necessary in order to access the books as the current Treasurer is available to support the efforts and data can be exported based on the needs of the accountant.
+A recent treasurer\xcom{Refer by name?} has taken responsibility for cleaning up the historical baggage and performed a massive job of going through historical transactions and recreated a full ledger of transactions.
+The recent treasurer is not a trained accountant or book-keeper, and the work has been taken on a best-effort basis.
+The data of the reconstructed ledger is kept in a format for the open source tool book-keeping tool Ledger\cite{ledger01}.
+Data can easily be exported from this tool and direct knowledge from accountants are not necessary in order to access the books as the current treasurer is available to support the efforts and data can be exported based on the needs of the accountant.
+
+The recent treasurer did engage a CPA for several months in 2017, but that CPA was unable to continue for personal reasons.
+The CPA did assist in creation of provisional set of financial statements for the Foundation's first financial year, FY2005, which ending June 31, 2005.
+The FY2005 data only contain 3.5 months of transactions, as the first bank account was opened March 2005, nearly 10 months after the incorporation of the Foundation.
+The CPA also assisted in partially completing IRS Form 990 for FY2005, based on the FY2005 financial statements.
 
 \subsection{Operations}
 \xcom{typical income sources are donations, sale (including royalties for) of Gentoo merchandise, including actual figures}