Monthly Financial Report for March 2007

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Sudane Erato
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Monthly Financial Report for March 2007

Post by Sudane Erato »

Yes, I know. I have been utterly remiss. It is now April 21, and I am only just publishing the March reports :(. I'm sorry for quite a number of reasons.

Principal among them is that the interface of CDS responsibility and my RL/SL activities has gotten many times more complex. With over 70 people in the CDS, the job of administering the books is far different than it was when we began. Adding on other responsibilities that I have taken on in RL and SL, I find that increasingly the job of updating the books with the financial records for a given month is postponed until the end of that month ( rather than being kept up with as the month goes along). At the end of the month, I now gather up all my records, emails, and transaction statements and enter everything. Needless to say, this job can get postponed. Thus the sorry delay in the March reports.

I have, at a recent RA meeting, announced that because of this, I will soon convert the process of monthly fee payments to a semi-automated, Linden$s only system. I'm just testing this in another area in which I'm involved. If it works OK, we'll install it in the CDS sims.

There will be a number of changes in the way that people pay their monthly fees, some of which will have an impact on the current "citizenship-based-on-land" discussion going on in the RA. I have promised a full proposal on this, and a description of the system, and I'll get to that as soon as I can.

So, finally, the reports. They are at their usual location:

Neufreistadt Balance Sheet in Lindens
http://www.tospitimou.com/Neualtenburg/ ... heetLD.pdf

Neufreistadt Balance Sheet in US Dollars
http://www.tospitimou.com/Neualtenburg/BalanceSheet.pdf

Neufreistadt Income/Expense Report in Lindens
http://www.tospitimou.com/Neualtenburg/ ... enseLD.pdf

Neufreistadt Income/Expense Report in US Dollars
http://www.tospitimou.com/Neualtenburg/ ... xpense.pdf

Also available on the Services/Finance page on the website (the US dollar versions).

The month was uneventful, and financial events were dominated by the preparations for the Land Loan Payback, scheduled for April 1. To do this, a considerable sum of L$s had to be converted to US$s, incurring an unusually hefty exchange fee.

Apart from that, the Income Expense Report shows that we basically broke even. Had we not had the fees, the slight negative would be a slight positive.

The Balance Sheet is equally uneventful. Since there was no income, the Balance sheet is pretty much like it was on February 28. The real anticipation looks forward to April 1, when the loans are repaid. The reports for April 30 will show a very different picture.

As usual, please don't hesitate to comment or question.

Sudane.....

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