[Ofa_boardplus] October financial report

[Jim Ryan]

Cash position continued to decrease to $168,960. Accumulated surplus
decreased again to $140,837. Last month was reported incorrectly as
$231,956; it should have been $155,303.



Net income was a loss of $14,466, less than last month but still the third
highest loss. This was influenced by booking the first FSDP expense for
“Non-Capital Equipment”, $5,713. Net income YTD is a loss of $91,119,
against a full-year revised planned loss of $119,660.



Executive Director charges are now below budget, YTD, and heading lower due
to a voluntary reduction in fees.



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, Treasurer
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.openfabrics.org/pipermail/ofa_boardplus/attachments/20201121/04b6440a/attachment.htm>