Last week, I sent the following question for the OASIS Annual Meeting. I sent to OASIS Staff and to the OASIS Board Executive Committee. I realize I should have made it available to everyone else as well.
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Here is a question I, a Voting Member of the OASIS 503c6 Corporation, would like to have answered publicly by the Board at the Annual Meeting:
In 2021 and prior, the auditors stated in the FS that OASIS finances were:
"in accordance with accounting principles generally accepted within the United States of America".
In the 2023 Financial Statement (FS) distributed to Members, the outside review states:
"The financial statements are prepared in accordance with the basis of accounting the Organization uses for income tax purposes, which is a basis of accounting other than accounting principles generally accepted in the United States of America. Our conclusion is not modified with respect to this matter. "
My understanding is the change to was done as a cost savings. What percent of the $3.9M 2023 operating costs (per FS pg 4 Total Operating Expenses ) was saved and is the intent is return to "accounting principles generally accepted in the United States of America" in 2024 or in the future?
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Duncan Sparrell
Chief Cyber Curmudgeion
sFractal Consulting LLC
Oakton VA
703-828-8646
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