Budget for 2007
Thanks to the fine work of Al Lewis, our Treasurer, Mike Murphy
and Tom Townsend, members of the Finance Committee, and Ulises Huerta, our
Controller, Vida's accounting and financial control system is better it has ever
been in Vida's history. We are now using a compete accrual accounting
system instead of the "checkbook style" cash accounting system that
has been used since Vida's inception.
We have posted on the "Financials" page of this
"Owner Information" section a Balance Sheet, Income Statement and Cash
Flow statements for each month of 2006 (through November), the three critical financial statements
that every organization should have, but that have never before been available
for Vida.
Based on our better understanding of Vida's position and due to
the significant expenses entailed in the legal restructure that the 2006
Assembly voted for the Board to complete, we are facing some financial
challenges.
Treasurer Al Lewis has written a very good letter that explains
where we stand and what we need in language that you don't have to be a CPA to
understand. Attached below are Al's letter as well as the Budget in pdf
format (readable by all computers without the need for a spreadsheet
program).
If you have difficulty understanding
the budget after reading Al's letter and the budget itself, you can call Al Lewis in the U.S. at 1-951-780-7036 or email him at
<alanlewis@charter.net>.
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