finance status / fiduciary responsibility
Sat Jul 14 13:15:22 EDT 2007
Those of us with fiduciary responsibility (the board) are probably most interested in our cash flow   http://thecsl.org/sys/finance.d/cash_flow.xls Executive Summary: We're almost certainly good until at least December. As an aid to concentration, I've inserted a few errors. There are a few expenditures that violate our financial policies and one very optimistic revenue projection. The first board member to point out these errors wins a gold star. If you aren't on the board and you point them out, maybe you could be nominated. As far as the details, the checkbook register  is the best guide:  http://thecsl.org/sys/finance.d/checkbook.xls In my small experience, management keeps payroll secret to: Avoid the emotionally difficult task of explaining to some people why they have a low market value. Keep communication in the market poor, so people don't know their market value. Hid management's tendency to abuse their power and over pay themselves. Given that transparency is our first financial principle. You might be curious about my  and John's payroll   http://thecsl.org/sys/finance.d/payroll.d/payroll_dan_2007.xls  http://thecsl.org/sys/finance.d/payroll.d/payroll_john_2007.xls I'm pretty happy w/ my check. It is a bit more money than I made last year working for the CS Dept. I got to collect it all at once. Finally, according the global rich list , I'm in the top 13% of wage earners in the world.  http://www.globalrichlist.com/ I'm also (relatively) happy with John's Check, He's not getting paid close to his market value and he has to buy his own health insurance. However he is making a living wage. Which for those of us who aren't married to Laura, is a prerequisite for sticking around. John sticking around is a prerequisite for mvhub to keep getting better. Of course all this transparency stuff might strike you as the moral equivalent of opening up the raincoat and showing the world your private bits. --I'm open to anyone that wants to rant on this subject.