[OpenID] Several Questions for the Current & Future Board

[Dick Hardt]

On 15-Dec-08, at 4:05 PM, Johannes Ernst wrote:

> Financials != budget. I recall seeing only one balance sheet and  
> profit & loss statement, ever, in all of my time on the board. I  
> would agree that budgets can be yearly, but was not my point. Given  
> this, I believe my statement "not even the board has had insight  
> into the financials" is correct.

Not sure why financials cannot be yearly, or semi annually if we are  
following budget. In a startup where things are shifting all the time,  
monthly statements are an important control. When we are spending  
money as expected, it is not an efficient use of constrained resources.

>
>
> Re the CRC work: I personally got on the phone with every board  
> member that I could get a hold of in the week before I asked for  
> funding the external consultant -- you will recall that you and I  
> talked about it, too, on the phone, prior to the board meeting. So  
> I'm at loss to understand what you mean by not having been consulted.

You asked me as part of a conversation if the CRC was something we  
should do. I agreed, it is something we should do. An expenditure was  
not discussed. You did ask we had money in the budget. The context was  
as a fellow board member, not as Treasurer of the Foundation.

My point is that you are insinuating that the board was spending money  
like drunken sailors -- and we were not -- and that the one major non- 
budget expenditure was one that you promoted.

-- Dick