Leaks, Drips, and Spills

According to the May 29, 2011 published OSM budget, the sponsorship line item was budgeted to bring in $63,000 in 2011. In the P&L report for May 29, 2011, there was no reported income from sponsorships. It is unfotunate that we don't have more current reports to review. A review of the available OSM board minutes for 2011 (published through July, 2011) revealed the Treasurer would be invoicing a new major sponsor (name not provided) would be coming on board (April, 2011); two large sponsors were reported recruited in the April OSM board meeting minutes (possibly one of those is the one reported to be invoiced by the Treasurer). No names were mentioned. In the May, 2011 OSM minutes, it was reported that they were ready to invoice the sponsor. In the July, 2011 minutes it was reported that they were following through on invoicing sponsors.

So, in summary, at least through the May, 2011 financial reports, no income from sponsorships was reported. By July 2011, the OSM board was still working on invoicing two (maybe 3) new sponsors. So, how to explain the following?


Published in Joomla