Hi Tom - > Ah ships in the night; yes, Carl, I think this is the best wording so > far. > > Two queries in my mind. Looking at the ISOC Report 2003, I notice it > uses revenue rather than income that you use; is there any hidden > meaning in that? eg because it is incorporated as a nonprofit > organization? Revenue and income are equivalent. In the non-profit world, we prefer "revenue" to income and "excess of revenues over expense" to the word "profit". > > And reading between the lines, perhaps I should be less trusting of ISOC > so is > it sufficient to say periodic summary? Is there any implication > elsewhere of how often periodic is? I expect accounts at least every > 12 months for any organisation, with them being more frequent for larger > organisations, even every three months for some. > I really wouldn't bother specifying that. My personal view? Quarterly is always nice. But, I think that's something for the iaoc/isoc/etc... to work out ... they can figure out if their specific actions meet the general principle easily enough. And, I wasn't being at all distrustful here of ISOC ... I was just trying to express the general principle in traditional language. (Same with your cash flow analysis ... while I always prepare those for my organizations, it would be unusual require such a level of analysis for external consumption, and it probably wouldn't give you a tremendous amount of insight into the functioning of a cost center as that part of the operation is backed by the overall organization. That's why I just listed the usual 4 of revenue/income, expenses, assets, and liabilities.) Regards, Carl _______________________________________________ Ietf@xxxxxxxx https://www1.ietf.org/mailman/listinfo/ietf