[Cadre-politics] finance status / fiduciary responsibility

[kristina_ickes at comcast.net]

Thanks Dan

I'll do a review and post a few questions. 

~Kristina



-------------- Original message -------------- 
From: Dan MacNeil <dan at thecsl.org> 

> Those of us with fiduciary responsibility (the board) are probably most 
> interested in our cash flow [1] 
> 
> [1] http://thecsl.org/sys/finance.d/cash_flow.xls 
> 
> Executive Summary: We're almost certainly good until at least December. 
> 
> As an aid to concentration, I've inserted a few errors. There are a few 
> expenditures that violate our financial policies and one very optimistic 
> revenue projection. 
> 
> The first board member to point out these errors wins a gold star. If 
> you aren't on the board and you point them out, maybe you could be 
> nominated. 
> 
> As far as the details, the checkbook register [2] is the best guide: 
> 
> [2] http://thecsl.org/sys/finance.d/checkbook.xls 
> 
> In my small experience, management keeps payroll secret to: 
> 
> Avoid the emotionally difficult task of 
> explaining to some people why they 
> have a low market value. 
> 
> Keep communication in the market 
> poor, so people don't know their 
> market value. 
> 
> Hid management's tendency to 
> abuse their power and over pay 
> themselves. 
> 
> Given that transparency is our first financial principle. You might be 
> curious about my [3] and John's payroll [4] 
> 
> [3] http://thecsl.org/sys/finance.d/payroll.d/payroll_dan_2007.xls 
> 
> [4] 
> http://thecsl.org/sys/finance.d/payroll.d/payroll_john_2007.xls 
> 
> I'm pretty happy w/ my check. It is a bit more money than I made last 
> year working for the CS Dept. I got to collect it all at once. Finally, 
> according the global rich list [5], I'm in the top 13% of wage earners 
> in the world. 
> 
> [5] http://www.globalrichlist.com/ 
> 
> I'm also (relatively) happy with John's Check, He's not getting paid 
> close to his market value and he has to buy his own health insurance. 
> However he is making a living wage. Which for those of us who aren't 
> married to Laura, is a prerequisite for sticking around. John sticking 
> around is a prerequisite for mvhub to keep getting better. 
> 
> Of course all this transparency stuff might strike you as the moral 
> equivalent of opening up the raincoat and showing the world your private 
> bits. --I'm open to anyone that wants to rant on this subject. 
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