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<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">Treasurer's report:
March 2018, reported April 16</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="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 we had net income of -$5,130, resulting
in a decrease in equity to $320,561 on the balance sheet.
The report also shows $510,100 in cash.</span><span style="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="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 budget report shows a surplus of $320,561. 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 style="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="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 $46,853 to $510,100.</span><span style="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="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.</span><span style="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="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 style="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="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 style="color:rgb(34,34,34)"><span></span></span></p>





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