<div dir="ltr">Belated Treasurer's report:<div><br></div><div>


















<p class="MsoNormal" style="margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34);background:white">This report
is coming to you later in the day of the Board meeting. The financial reports came
to me late yesterday and I couldn't get to this summary until now. Last month I
said I’d send the same rather lengthy explanation of how the numbers I’m
reporting were derived. However, in hindsight, that’s just cruel ;^)) so I'm only
going to send the actual numbers for the month.</span><span style="font-family:"Times New Roman",serif"><span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">Under GAAP accrual accounting, as explained earlier, we had net income
of $360, resulting in an increase in equity to $325,690 on the balance sheet. The
report also shows $463,247 in cash.<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">Our newly-developed budget format shows a surplus of $325,691. Recall
this has to be put in the context of the "operating reserve" we agreed
to earlier of $140,000 and a Workshop reserve of $20,000.<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">The LF also produces a "Cash Flow Statement" which adjusts
the net income reported earlier to produce a number that drives changes in our cash
position each month. This report shows an increase in our cash position by $53,566
to $463,247.<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">The LF is also busy processing membership dues and fees for participation
in the interop/logo program. All members have been invoiced and new members are
being processed. membership dues that have not been paid are being escalated and
I'm copied. Oracle has reduced its membership from Promoter to Supporter<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">As you'll recall we had a significant increase in interop/logo program
participation fees. As of the end of February two of the participants have not
yet paid. However, we are going to allow upcoming testing to proceed as planned<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">Comments/question/requests are more than welcome, whether to the
group or to me individually. Also, I'll send the actual reports to anyone who wants
to see them<span></span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)"><span> </span></span></p>

<p class="MsoNormal" style="background:white;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"><span style="font-size:9.5pt;font-family:Arial,sans-serif;color:rgb(34,34,34)">thanks, Jim, acting Treasurer<span></span></span></p>





<br></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Thu, Mar 15, 2018 at 11:19 AM, Aguilar, Michael J. <span dir="ltr"><<a href="mailto:mjaguil@sandia.gov" target="_blank">mjaguil@sandia.gov</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">







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<p class="MsoNormal"><span style="font-size:11.0pt">Everyone<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Here is minutes from today’s Board meeting.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt">Mike<u></u><u></u></span></p>
</div>
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