On 1/9/07, Anthere Anthere9@yahoo.com wrote:
Our auditors recommanded to increase cash reserve to at least 3 ($875,000), preferrably 6 months ($1,650,000) of operating expenses for fiscal security.
By the way, I have no idea where those two numbers came from. I've seen http://wikimediafoundation.org/wiki/What_we_need_the_money_for, but nowhere on that page do I see where the monthly operating expenses are budgeted at $275,000.
Does the board plan on following the auditor's recommendation, and if so, how?
Anthony