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author | 2018-04-09 20:30:40 +0200 | |
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committer | 2018-04-09 20:30:40 +0200 | |
commit | c709bd00262175aba8bb1029df187c2451ed3353 (patch) | |
tree | e227b322a71f45945e7d6856c09cb47971d7f08e | |
parent | misc: some more updates (diff) | |
download | financials-rfp-c709bd00262175aba8bb1029df187c2451ed3353.tar.gz financials-rfp-c709bd00262175aba8bb1029df187c2451ed3353.tar.bz2 financials-rfp-c709bd00262175aba8bb1029df187c2451ed3353.zip |
main: Write a bit more on outline
-rw-r--r-- | main.tex | 28 |
1 files changed, 24 insertions, 4 deletions
@@ -41,6 +41,8 @@ \newcommand{\figref}[1]{\figurename~\ref{#1}} \newcommand{\tabref}[1]{\tablename~\ref{#1}} +\newcommand{\LAWREF}[1]{\fbox{#1}} + \hyphenation{Gentoo} \begin{document} @@ -67,19 +69,37 @@ Gentoo Linux\cite{gentoo} is a free, source-based meta distribution that enables \label{gentoo:foundation} Gentoo Foundation\cite{gentoo:foundation} (henceforth also the \textbf{Foundation}) is a registered Domestic Nonprofit Corporation in New Mexico with registration number 2463313\cite{gentoo:foundation:registration}. The registered mailing address is 500 Westover Dr., \#10605, Sanford, NC 27330 and the status of filings in New Mexico have been in good standing since May 2008. -Although it has been a goal for the Foundation to achieve charitable 501(c)(3) status the necessary paperwork has never been filed as such. +Although it has been a goal for the Foundation to achieve charitable \LAWREF{501(c)(3)} status the necessary paperwork has never been filed as such. \section{Current financial status} \label{sec:background} -The financial state of the Gentoo Foundation is itself in a decent state with cash on balance at the end of 2017 amounting to \ins{}, however no financial reports have been published by the Board of Trustees since 2012\cite{finrep}. +The financial state of the Gentoo Foundation is itself in a decent state with cash on balance at the end of 2017 amounting to \ins{} and no outstanding invoices, however no financial reports have been published by the Board of Trustees since 2012\cite{finrep}. As a result of negligence of previous treasurers and trustees necessary paperwork has not been filed with federal tax authorities (henceforth \textbf{IRS}). A recent treasurer has taken responsibility for cleaning up the historical baggage and performed a massive job of going through historical transactions and recreated a full ledger of transactions in the open source tool Ledger\cite{ledger01}. Data can easily be exported from this tool and direct knowledge from accountants are not necessary in order to access the books as the current Treasurer is available to support the efforts and data can be exported based on the needs of the accountant. -\section{What we seek from an accountant} +\section{Operations} +\xcom{typical income sources are donations, sale (including royalties for) of Gentoo merchandise} + +\section{Scope of service} \label{sec:seek} -First and foremost the Foundation wants to get in good standing with the IRS including paying any back-taxes and penalties necessary. In order to ensure that accounting is properly handled going forwards it is also expected that accounting services will be outsourced along with advisory services on proper filings of necessary paperwork including tax-related matters. +First and foremost the Foundation wants to get in good standing with the IRS including paying any back--taxes and penalties necessary. In order to ensure that accounting is properly handled going forwards it is also expected that accounting services will be outsourced along with advisory services on proper filings of necessary paperwork including tax-related matters. + +\subsection{Financial reporting} +\xcom{Produce annual reports to provide to the members of the Foundation} + +\subsection{Tooling} +As the Foundation supports an open source distribution no proprietary tools should be required of the Trustees or officers to fulfill necessary operations. If the accountant is using such proprietary systems internally it should be possible to use a web interface or similar to perform these duties, and the data should be possible to export in a format that is readable outside such tools. + +\subsection{Requirements} +The accounting firm should have a working knowledge of the following: +\begin{enumerate} +\item US GAAP +\item Laws required for a New Mexico corporation +\end{enumerate} + +\xcom{Need to fill out more about the scope of the service} \begin{thebibliography}{9} \bibitem{gentoo} \url{https://www.gentoo.org} |