[foundation-board] Agenda and board pack for OKFN board meeting on May 15th

Tue May 15 17:59:19 UTC 2012

Here is the etherpad for today's meeting:
<http://board.okfnpad.org/meeting-2012-05-015>

Rufus

On 15 May 2012 16:17, Ben Laurie <ben at links.org> wrote:
> On Tue, May 15, 2012 at 4:12 PM, James Casbon <casbon at gmail.com> wrote:
>> On 15 May 2012 15:50, Ben Laurie <ben at links.org> wrote:
>>> It seems everyone has their own way to do balance sheets - I don't
>>> understand this one! In particular, the final section "equity" seems
>>> to suggest we should have £623k in money somewhere - but where? And
>>> what's the money described as an asset?
>>
>> I thought equity is fairly standard across balance sheets.
>
> Maybe. I understand it now :-)
>
>> It's the
>> liability that is added to make total assets equal total liabilities.
>> As laura says, most of these are invoices not cash.
>
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