<div dir="ltr"><p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">Cash position decreased slightly to
$281,976. Accumulated surplus decreased slightly to $187,847.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">Net income was a loss of $18,032, enough
of a decline to warrant an explanation. Year to date is a greater loss of $44,109.
There was a significant, one-time loss, recorded as negative income of $12,500
due Workshop losses. This was evidenced by negative total income for the first
and only time</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">We are continuing to see mixed
expenses for the Executive Director. The ED is very busy with significant
projects such as the OFA Bylaws and IPR policy work, and the interop program
and so on. Fortunately, these projects will end eventually, so one can hope for
more reasonable expense levels. The over budget amounts we’re seeing, are
self-imposed because we consciously reduced the daily time budget from 4 to 3
hours for 2020 based on 2019 actual activity levels. If we had stayed at 4
hours we wouldn’t be reporting a budget concern now.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">I had planned on providing
quarterly financial reviews as we navigate through this deliberate loss period.
Somehow the first quarter got away from me, but I commit to being ready with a
first-half report for the July Board meeting.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">Sadly, we’re going to have face the
fact we’re losing one of our members, after numerous attempts to get current on
dues.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">This information is being offered
for your information. It will likely be reviewed and further analyzed before it
becomes accepted as final.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">Comments/questions are more than
welcome, whether to me or the group. I’ll send the actual report to anyone who
wants to see it.</p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif"> </p>

<p class="MsoNormal" style="background-image:initial;background-position:initial;background-size:initial;background-repeat:initial;background-origin:initial;background-clip:initial;margin:0in 0in 0.0001pt;font-size:12pt;font-family:Calibri,sans-serif">Thanks, Jim Acting Treasurer</p></div>