[Ofa_boardplus] Treasurer's report for April

Jim Ryan jimdryan at gmail.com
Fri May 31 12:52:26 PDT 2019

I'm sorry this is so late, the financial statements didn't come to me until

The big development this month was the payment of $60,000 to UNH-IOL for
“accumulated expenses” to the point of our contract cancellation. The
consequences are obvious in our financial statements.

We went from a net income of $46,950 in March to a loss of -$79,115, for a
YTD result of

Our cash position has declined from $465,393 to $417,770.

Our accumulated surplus declined from $285,727 to $206,612.

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.

Thanks, Jim Acting Treasurer
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