We know how many beans there are, Henry !!!
The ad hoc administrator wrote to Henry the Beancounter on 4 separate occasions ( January 27th, February 21st and 24th and, finally, march 8th) asking for the books, unsuccessfully !!! We were starting to think we’d put our money on the wrong horse, particularly in the light of her none too glorious experience with the French Federation of Equestrian Sports (FFE)
Fortunately Myosotis and FMR have their own watchdogs, not the least being “Semper Fi”. While his numerous questions addressed to our self-proclaimed spiritual guide continue to suffer in silence, this time he has provided us with the key that might even produce the answers to the questions that everyone wants to put to Henry the Beancounter. Semper Fi has managed to obtain a copy of the GLNF accounts link. If they are inexact it’s up to the Beancounter to come out and say so !!! But don’t hold your breath !!!
LML in English will give you a most telling summary of our situation.
On December 21st 2009 the cash reserves (bank accounts and immediately realisable cash deposits) were 8 963 858 €.
During 2010, total cash deposited was 3 220 106 € (cf. 2 983 166 € budgeted and 3 229 828 € realised in 2009… excellent !!)
For the same 2010 period total charges were 2 283 600 € (for 2 389 450 € budgeted and 2 590 856 € realised in 2009…. Once again, excellent !!)
The 2010 exercise produces an excess of receipts over expenses of 936 506 € (in the place of 593 716 € budgeted…. Who could ask for more ??) to be added to the starting figure of nearly 9 million.
Certainly there were investments but the cash situation at December 31st 2010 was 7 024 148 €….. with a projection for the end of January (less than 2 months ago) of 8 725 542 € (a projection not realised because we, the Brethren, turned off the taps !!).
Be that as it may, on January 1st of this year the financial situation of the GLNF looked rosy with more than 7 million in the kitty, a situation that could only improve over January and February and with only about 3 million of operating expenses over a 12 month period.
So where is the perilous situation that can justify (according to the ad hoc administrator’s communiqué) the recourse to an exceptional contribution in anticipation of the voting of the fees at a yet to be called Annual general meeting ????
There are only 3 possibilities :
The GLNF accounts as they have always been presented (AGM of October 16th 2010) had been “doctored”…….and that’s VERY SERIOUS !!
Or, between the beginning of January and the end of February there have been some “erratic” (???) movements….. perhaps towards solme of the 26 annexe companies of the “nebulous” GLNF (????) …..and that’s VERY, VERY SERIOUS !!!!
Or, they’re pulling the wool over our eyes …. in order to pull in the 2011 fees !!!
Having no proof to the contrary, we prefer the 3rd hypothesis, even if that supposes that the Great Manipulator, his former administration board and his principal Beancounter…..believe we are all gullible f..kwits !! (meaning the entire Brethren of the GLNF AND Maître Legrand)
Should this be the case all those who have relayed this disinformation (PGMs, PGTs) are extremely at fault, either they know nothing about figures, or they are accomplices to the acts of the Great Manipulator !!
Thanks to Semper Fi and to the Myosotis blogs you know (and that’s better than the ad hoc administrator) what the real situation is and we have brought you the proof that YOU MUSTN’T PAY ANYTHING !!!
RESIST !!! RESIST !!! RESIST !!!
NIL ILLEGITIMUS CARBORUNDUM
Don’t let the bastard grind you down !!!