On Jul 19, 6:32?pm, (Sam Sloan) wrote:

Quote:

Originally Posted by Allen Maybe the fiscal year end ought to be at the end of the summer before scholastic membership renewals begin and after the spring nationals.

They already changed the fiscal year once for similar reasons. The
fiscal year used to end on June 30. They changed it to May 31 so that
the results would be out in time for the election.

As a result, one fiscal year was only 11 months long.

Now the situation is that the group in power can manipulate the date
of the release of the results in such as way as will favor them.
Presumably, if the results are good they will release them early, if
bad they will release them late.

It is obvious that they now have the results. They are stonewalling
and delaying the release of the financial statements because the
results are bad. All we can do is wait in fear and hope that the
results are just a little bit bad and not very bad.

Sam Sloan

Here we are a month later.

In absolute terms I guess we are closer to the eventual presentation
of the financials but are we really?
How many times in the last ten years have the financials been restated
downwards after their official "release"?

How many times were they restated upwards??? Am I wrong in
remembering none?

How fortunate for the USCF that the Schultz years are coming to an
end.

Readers will recall Don's surprise when the financials of every year
of his own administration were restated downwards and that after those
years originally reported cummulative record losses. Many readers
will recall Don's unique method of only reporting the good months and
blaming the bad months on...gremlins. Who can forget Don's charts
which showed only plus side results while the federation was losing
record amounts.
Is the membership better off when they don't receive any statements at
all or are they better off when they are lied to by the administration
only to find out the miserable truth later.

ChessDon Caligulia's choice! Niro or Cavallo.

The LMA is a distant memory but its demise remains Don's legacy. Don
never recognized that he was spending other people's (life members)
money.

How many life members would have become life members if they knew
their funds would be squandered and misreported? $2,000,000 gone.
When my son and I became life members, we thought our memberships
would last our entire lifetimes. Now, the federation must be
depending on our early departures.

Each election we have hopes anew and each election we are manipulated
past the point of no return. How would one evaluate a board that
produces no financials? Is this better or worse than the Cavallo/
Schultz years when there were no BINFO documents at all (Reno) save a
couple of political attacks?
How many times can an organization come up for a possible last breath
only to be told everything is OK?
Don't worry ChessDon has been at the till.
Fortunately, no more.
Maybe now US Chess has a chance. Can we retire him from any contact
with FIDE?

Now about those current financials...
Since there were no financials, what slobbering drivel did the
insiders get the delegates to talk about this year? It is always
something. So it goes.

Richard Peterson