JoomlaLeaks

Leaks, Drips, and Spills

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02 Nov 2011
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So our quick look at the published financial reports raised questions aboout whether the OSM Board and the rest of the Joomla! Leadership teams have actually been seeing accurate financial reports as described recently by Jaques Rentzke "... I can confirm that the OSM auto-generated un-audiited financial reports are shared weekly with the OSM list,..." It appears that the question I raised about why they show $2,000 per month from Demo Site hosting which indicates that the demo site is not exceeding the basic minimum number of subscribers may have hit a nerve. It has been confirmed by the Demo Site operators that they are doing significantly over the minimum subscribers which means that they are paying more then the $2,000 per month that shows up in the current financial reports. Yet, where is the money? One source indicates that the amount paid monthly is now $8,000. I don't know how many months that amount might have been paid but let's assume 6 months just for the sake of discussion. Then the missing amount would be in the neighborhood of $36,000 more or less depending upon the accuracy of the source and the number of months of payment. According to the Treasurer they will change the total at the end of the year. That is not how you do accounting - especially accrual accounting which is what OSM is on. If he didn't actually receive the money it should show up in his Accounts Receivable.

01 Nov 2011
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For the second time this calendar and fiscal year, OSM has released most of the financial reports originally promised to be released monthly.  If my math is correct (and it should be as it is a simple calculation of 2 divided by 10), then OSM has achieved its commitment 20% of the time so far this year. And if they do it 2 more times they will hit a 33% compliance rate. I wouldn't bet on even that poor of a record given their history  in the last couple of years. Truth be told, this is the first time this year we have been privileged to see the monthly budget versus actual figures.

So, what stands out in a quick review?