For the Board of Directors I don't provide full financial statements but I do provide
a summary of the corporation's finances. The point of this is not to provide a full
financial report (which we do at the end of the year), but to generally explain to the
Board what I have been doing for the past month and how much money we still have. These
reports are printed in our Board meeting minutes which are available online:
<http://wikimediadc.org/wiki/Meetings>.
James Hare
Treasurer, Wikimedia District of Columbia
On Aug 19, 2012, at 7:55 AM, Craig Franklin wrote:
This post is mainly targeted at the Treasurers of
membership organisations among us, but others are of course welcome to chip in.
At WMAU, we've recently had a request from one of our members for a monthly report of
the chapter's financial situation to be made available to members. This is somewhat
unusual, as I don't recall ever being in an organisation that has done this on a
monthly basis for its members, as opposed to an end-year summary at the AGM, which we do
already do. What I think is specifically being requested is a balance sheet and P&L
statement as at the close of every month. I'm a bit hesitant to do this to be honest,
while I often answer specific questions from members, unaudited MA figures can sometimes
be misleading and move about a bit as various adjustments are made for the auditor.
Naturally, within five minutes of being released to our members, the documents could be
anywhere, so it's as good as making them public. Does any other chapter provide this
sort of high level information on a regular basis, other than at the annual general
meeting (or equivalent)?
We'll also be seeking advice from the relevant department of government on this
question, but I wonder if anyone else has some experience or perspectives to share?
Thanks,
Craig Franklin
Wikimedia Australia
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