JoomlaLeaks

Leaks, Drips, and Spills

06 Nov 2011
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That’s definitely the tag line for every magician during his or her magic show. They somehow try to convince you that an object once seen by you has now somehow vanished into thin air. Of course we all know that is not true. With carefully crafted cues, skilled assistants and perfect timing they briefly redirect your focus for a mere millisecond and poof….Now you see it and now you don’t.

 Back around March 11, 2011 in response to a question raised by Jennifer Marriott, Paul Orwig replied "It has been my decision as Treasurer to not publish our unaudited financial statements until I am satisfied that they are reasonably accurate, and I still have some unanswered questions along those lines. I have been in touch with our accountants to get their assistance on that, and they have said they hope to have time next week to help get those questions answered." So, a reasonable person would conclude with the publishing of these financial statements some 7 months later that they are now deemed sufficiently accurate to have passed the tough Paul Orwig test. Right? Not so, young Obi-Wan Kenobi. Now we find with some certainty that these reports contain significant inaccuracies in reporting revenue received and that Paul Orwig, the OSM Treasurer is well aware of it!

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.