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Re: Ontario Open ?
John Coleman, in the post I've copied above, seems to be saying that to the best of his knowledge the OCA's Treasurer never prepared any financial statements for the OCA's fiscal year ending in 2013 (at least, not any financials that were made available to the members).
My question for you, Bob, is why does an organization like the OCA have to prepare financial statements in the conventional format? The OCA has no fixed assets; they may, every once in a long while, have a small receivable or payable at fiscal year-end; they may have an outstanding cheque or two at year-end; they may have some form of savings deposit/account in addition to a chequing accout. And that's about it, isn't it? In addition, the OCA has - what? - maybe 4 to 6 deposits per year and writes maybe 10 or 15 cheques at most? Why the hell can't these people simply post their bank account statements online, with a quick description of the cheque payees and where the deposits came from, together with the OCA's opening and closing O/S cheques and receivables/payables, if any? Surely that tells everyone just about everything they need to know about the OCA's financial position. That's pretty easy, isn't it? The only exceptions would be those rare years where something especially significant happens (e.g. the Trillium grant from a few years ago), and in those cases additional information could be provided to the members as appropriate to meet transparency expectations.
Why is it that some people seem to think that it's better to have a do-nothing butt sitting in a chair than it is to just leave the chair vacant? When there's a butt in the chair it raises people's expectations that something will actually be accomplished.
GRRRRRR!!!!
See you in the Falls!
Originally posted by John Coleman
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My question for you, Bob, is why does an organization like the OCA have to prepare financial statements in the conventional format? The OCA has no fixed assets; they may, every once in a long while, have a small receivable or payable at fiscal year-end; they may have an outstanding cheque or two at year-end; they may have some form of savings deposit/account in addition to a chequing accout. And that's about it, isn't it? In addition, the OCA has - what? - maybe 4 to 6 deposits per year and writes maybe 10 or 15 cheques at most? Why the hell can't these people simply post their bank account statements online, with a quick description of the cheque payees and where the deposits came from, together with the OCA's opening and closing O/S cheques and receivables/payables, if any? Surely that tells everyone just about everything they need to know about the OCA's financial position. That's pretty easy, isn't it? The only exceptions would be those rare years where something especially significant happens (e.g. the Trillium grant from a few years ago), and in those cases additional information could be provided to the members as appropriate to meet transparency expectations.
Why is it that some people seem to think that it's better to have a do-nothing butt sitting in a chair than it is to just leave the chair vacant? When there's a butt in the chair it raises people's expectations that something will actually be accomplished.
GRRRRRR!!!!
See you in the Falls!
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