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Diffstat (limited to 'main.tex')
| -rw-r--r-- | main.tex | 4 |
1 files changed, 3 insertions, 1 deletions
@@ -84,7 +84,9 @@ The executive of the Foundation is comprised entirely of unpaid volunteers, brok \subsection{Current financial status} \label{sec:background} -The financial state of the Gentoo Foundation is itself in a decent state with no outstanding invoices and a cash on balance at the end of 2017 amounting to \ins{}, however no financial reports have been published by the Board of Trustees since 2012\cite{finrep}. +The financial state of the Gentoo Foundation is itself in a decent state with no outstanding invoices and a cash on balance at the end of FY2017 of approximately \$119K USD. + +No financial reports have been published by earlier Boards of Trustees since 2012\cite{finrep}, and there are well-founded concerns that the none of the original reports are entirely accurate. As a result of negligence of previous treasurers and trustees necessary paperwork has not been filed with federal tax authorities (henceforth \textbf{IRS}). |