Now, back in June, the 2015 Tax Return for the GMF was posted. Prior to that, Gail had stated that after the 2015 tax return was filed, she would have an audit done. So, we have been waiting at least 4 months for the results of that audit.
Of course, 2015 was the first year the Fund had it's net worth decrease, not so much because of large expenses but simply for lack of monies coming in.
Now, interesting to note - according to Schedule O - 2015, the following expenses were incurred by the Fund:
As the Fund only took in $566 in 2015, just the cost of running the Fund was nearly twice its income.
Professional fees were nearly $3k. All things considered, 2015 was cheap:
As for 2016?
Judging from the lack of updates, I'm going to guess the Fund will not incur any construction or sculptor expenses for this year.
I hope no one is seriously waiting on Gail's "Call to order." Not that you'd hear it anyway. The GMF rarely updates.
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