"Randy Bauer" writes:

I think Tim Hanke has done a fine job so far in his role as VP of Finance.
It makes no sense whatsoever for me to seek that position. I was elected to
fill a one-year term; there would be absolutely no assurance of continuity
were I to take over now and only serve the one year.

I suggest Sam ignore qualifications and consider performance. The USCF
is in far better financial shape now than it was a year ago. Tim's
performance as VP-Finance deserves a good portion of the credit for that.

The confidence will come when the figures are audited and released in a
timely fashion. From what I hear, that is proceeding. There are several
good signs, such as improvement in accounts payable, that suggest finances
are improving somewhat.

Depending on what adjustments were made (if any) to A/R, I think the USCF
may have a current ratio of 1.8 or better.

I don't know if the auditors have turned in their report yet, and
publications is still adjusting to being shoehorned into 1/3 the
space they had a month ago. But the plan was to get a PDF of the audited
financials up on the web site before the end of July.

CFO Ken Thomas is still in the Phillipines on vacation with his family.
(An odd coincidence in that Fischer was supposedly on his way to the
Phillipines when he was arrested, I can't wait to see what kind of whole
cloth Sam weaves out of that.)
---
Mike Nolan