Missing Funds Thread

tt-watch@yahoogroups.com,

> > "mr_john_jones2003" wrote: (to Jan)
> >>
> >> I know you probably don't like me, but for what it's worth, I'll
> >> give you credit for standing-up to the rest of them in the face of
> >> missing funds, and a failed mission.
> >
> <snip>
> > "brenfree2003" wrote:

> > What missing funds?
> Mr Jones replies:
> To my knowledge, none.

The feel free to substitute the term "funds unaccounted-for".

>Jan responds:
> I suspect he refers to the fact that the board has ignored the Bylaws with
> respect to the 2002 Annual Report and the Treasurer's input to such a
> report, which has made it impossible for me to carry out my duties as
> Internal Auditor.
>

That is exactly what I'm referring to.

> The Board of Director has not been consistent with respect to the Bylaws.
> Based upon an obscure sentence in the Amendments, the Board deprived itself
> the right to discuss and decide on the future of the Inc., while the very
> specific requirement for an Annual report has been ignored.
>
> While there is no factual basis for any allegations about missing funds, I
> can understand that the Board's handling of the Annual Report may create
> misunderstandings or suspicion of foul play.

It certainly gives the appearance that things could be done a little
more openly. Note that I did *not* make allegations about "foul
play".

Again, feel free to substitute the words "unaccounted-for" in place
of "missing".

>
> Regards,
> Jan

Prez, here is the quote I was referring to:
> What missing funds?

The ones alluded to in the TT-Inc logs for July and August. I
quote from the July,2003 TT-Inc board meeting logs:

"(NancyL) Jan, you stated, above ' Total assets as of December 31,
2001, were USD 13.846. Don't we need to report the usage of the ~USD
12.000, and our current assets?'"

[Note to american readers: several european countries use decimal
places the way we use commas in numbers. The figurs above would
then read USD 13,846 and ~USD 12,000 respectively.]