At the Finance Committee Workshop two weeks ago, the delegates were handed a balance sheet and P & L statement for the fiscal year ended May 31, 2007. However, it was marked "DRAFT". The delegates were explained that the reason it was marked DRAFT was that some final signatures had to be obtained before these figures were official. However, these signatures were just routine and these were the real financial figures.
That was two weeks ago. Since then, there has been silence. Nothing has been posted on the website. I am beginning to wonder whether these routine signatures were really so routine.
What was especially noteworthy was that the figures handed to the delegates showed a surplus {or "profit") of $3,000 whereas the financial figures previously given to the Executive Board showed a loss of $57,915.
Since I am no longer a member of the Executive Board (because I lost the election) I am no longer bound or required to keep the Official Secrets of the USCF secret. (I was not very good at keeping secrets even when I was on the board.)
Since I am no longer required to keep the Official Secrets secret I know of no reason who I should not reveal the financial information that was given to the board members. These same financial figures were never given to the USCF Finance Committee or to the other relevant committees. Only the board members got them.
There are two sets of figures. There is the "Revised Trial Balance" for May 2007 and there is the "Cash Flow Statement".
Here they are. As noted previously, they show a loss of $57,915. They are in the form of an xls spreadsheet.
Here they are:
Sam Sloan