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Old June 22nd 07, 11:02 AM posted to rec.games.chess.politics,rec.games.chess.misc,alt.chess,alt.accounting,misc.legal
samsloan
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Posts: 9,206
Default "half-truths, unsupported rumors and paranoid fantasies"

The reported loss of $57,915 is the figure we have at the moment and
is the only figure we will have until after the election has been held
and the results announced.

Up until the executive director provided us with this figure, we had
only the pronouncements by Joel Channing and Bill Goichberg that we
would be in the black to go by.

I do not see how it helps your side to say that minus $57,915 might be
wrong, since it is your side that provided the number and your side
that hired or fired the staff that provides the numbers.

Traditionally, the actual audited figures that come out after the
election show a $100,000 to $200,000 bigger loss than that reported by
the office staff.

If your claim proves true that the audited figures will turn out to be
better than the unaudited figures provided by the office, that will be
a first, not only for the USCF but for almost any company.

Sam Sloan

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