X.Org Foundation Board of Directors 2010 Election

[Leon Shiman]

There  should be no puzzle about the bank records.

With the original Board and attorney's knowledge, I set up the XOrg accounts 
with OSBC. Those accounts contained all XOrg funds. Keith became treasurer 
and I co-signed until Stuart became co-signer.
 
During that period very little money was disbursed. OSBC sent monthly 
statements in addition to providing online access by Treasurer and co-signer 
to all accounts. 

Since leaving the Board, I have not followed XOrg financial management 
except to note that a lot of money was being spent, with no mention of 
income.

There was no legal way for the accounts with OSBC to have been terminated, 
or the control process altered without the approval of the full Board. Such 
actions required the full board's approval. The accounts were set up so that 
a co-signer was required for all disbursements. The process is very tightly 
managed by OSBC. 

Someone should have been receiving regular statements from OSBC since I 
stopped receiving them as XOrg Secretary. At the time, two copies were sent, 
one to me and the other to Keith.

Cheers,

Leon

on Thu, 11 Feb 2010 02:14:58 +0100 Luc Verhaegen wrote:
>
>On Wed, Feb 10, 2010 at 05:01:11PM -0800, Stuart Kreitman wrote:
>> On 02/10/10 03:43 PM, Luc Verhaegen wrote:
>>> On Wed, Feb 10, 2010 at 03:17:16PM -0800, Stuart Kreitman wrote:
>>>    
>>>> On 02/10/10 11:47 AM, Daniel Stone wrote:
>>>>      
>>>>> (tl;dr: Yes, I agree that the Foundation needs to be doing a lot more,
>>>>>           but nothing we've done is hidden from our members, i.e. 
board
>>>>>           members know basically as much as you, and that this is a 
result
>>>>>           of lack of time/etc, rather than any desire to keep any
>>>>>           information private.  Yes, we should be doing better.)
>>>>>
>>>>> Hi,
>>>>>
>>>>> Disclaimer: All of this is off the top of my head.  I could be and am
>>>>> probably wrong on some of the details.  This does not represent an
>>>>> official statement on behalf of the Foundation, etc, etc.
>>>>>
>>>>> On Wed, Feb 10, 2010 at 06:31:32PM +0100, Luc Verhaegen wrote:
>>>>>
>>>>>        
>>>>>> The X.org Foundation exists to best represent the interests of the 
X.org
>>>>>> Foundation members, by being the legal entity responsible for the 
state
>>>>>> of the Foundation. To a large extent, its responsibility is to manage
>>>>>> the considerable amount of funds that the X.org foundation has 
gathered
>>>>>> over the years, in the best interest of these X.org foundation 
members.
>>>>>>
>>>>>>          
>>>>> Rather.  For the record, I think the current balance is on the order 
of
>>>>> ~$us150k.  Around the time we dissolved the sponsors' group, we 
decided
>>>>>
>>>>>        
>>>> As co-signer of the checks,  that sounds really high, My guess is that 
its
>>>> knocked down to 1/2 that by now, but I haven't seen the exact balance 
for
>>>> a few years now.  This needs to be sorted before comittments for the 
next
>>>> conference are made.    Keith?
>>>>
>>>>      
>>> So, Stuart, you are not on the board, but you have to cosign the
>>> checks... How come there seems to be no certainty about the amount still
>>> available?
>>>
>>> Luc Verhaegen.
>>>    
>>
>>
>> I have co-signed every check since 2005.  Keith has given me a verbal on  
>> the balance from time to
>> time, but I haven't seen a written or historical accounting in a while.   
>> I trust Keith doesn't want to
>> do something dumb like bounce a check, and you can ask him about how  
>> skeptical and severe
>> I am when it comes to COUNTER-signing.  After all, most of this money  
>> originated from my employer.
>>
>> By the way, do you have receipts for reimbursement of FOSDEM costs?
>>
>>
>> Stuart
>
>My question was more about how it could be possible that there seems to 
>be a rather large discrepancy between what you think should be in the 
>accounts, and what Daniel, a board member not handling funds, thinks 
>should be in the accounts. This seems a weird situation.
>
>Like last year, there are no FOSDEM costs. After some questions were 
>raised about the social event, I decided to also forgo asking X.org 
>sponsorship for that.
>
>Luc Verhaegen.
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>xorg at lists.freedesktop.org
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