On 13 April 2014 17:11, Stormy Peters <stormy.pet...@gmail.com> wrote: > Is the budget and the current state of financials (account balances, > invoices due, money expected) public? If not, can we get at least a summary?
Hi Stormy, here's the link to the financial summary for 2013, with earlier years for reference: https://wiki.gnome.org/Foundation/FinancialSummary . We are aiming to publish the 2014 to-date accounts and proposed budget towards the end of the month as we are currently concentrating on our tax return paperwork (which is due mid-May) and chasing up invoices. > Are we paying our employee during this freeze? Is it expected that we would > be able to employ an executive director if we want to? We are still paying all running expenses such as employee and administrative costs. I estimate that these amount to around $5000 per month. We will be able to employ an executive director, but not in the immediate future as it seems prudent to keep expenses to a minimum until some of the outstanding invoices are paid. > Thanks to the board members for working through this and being open. > > Stormy > > > On Sun, Apr 13, 2014 at 9:31 AM, Ekaterina Gerasimova > <kittykat3...@gmail.com> wrote: >> >> On 13 April 2014 14:40, Allan Day <allanp...@gmail.com> wrote: >> > David King <amigad...@amigadave.com> wrote: >> > ... >> >>>> Don't we have reserves though? We should have 6 months of operating >> >>>> expenses as reserves. >> >>> >> >>> >> >>> I should leave maybe this to Kat and other board members but I'm >> >>> recently enough gone that I can answer - the Foundation has adequate >> >>> reserves for GNOME's ordinary operations but not for OPW, and the >> >>> program has ramped up really quickly while the Foundation is still >> >>> very >> >>> small. >> >> >> >> >> >> That is not correct according to: >> >> >> >> >> >> https://wiki.gnome.org/FoundationBoard/CurrentBudgetFAQ#What_is_the_problem.3F >> >> That section states "The Foundation does not have any cash reserves >> >> right >> >> now". >> > >> > Blunt statements like this aren't very helpful, and they send a really >> > bad message. It's easy to read this line and think the worst. >> > >> > Clearly we do have protected reserves - which we are preserving by the >> > freeze on sponsorship repayments. The extra reserves that we usually >> > have are expected to recover, and there is a plan in place to ensure >> > this happens. Can we try and clarify this on the wiki please? >> >> We do not have protected reserves. The freeze on sponsorship >> repayments is in place to make sure that we can reacquire our >> reserves. >> >> The intention of the FAQ is to be honest with our Foundation members >> because the board believe in being open not only in our code but also >> when we keep in touch with the membership. >> >> As a large portion of our membership are not native English speakers, >> it is important to keep to keep our communication as simple, concise >> and precise as possible. The FAQ already clearly states what the board >> is planning to do to fix the problem and when we expect it to happen. >> >> > Allan >> > _______________________________________________ >> > foundation-list mailing list >> > foundation-list@gnome.org >> > https://mail.gnome.org/mailman/listinfo/foundation-list >> _______________________________________________ >> foundation-list mailing list >> foundation-list@gnome.org >> https://mail.gnome.org/mailman/listinfo/foundation-list > > _______________________________________________ foundation-list mailing list foundation-list@gnome.org https://mail.gnome.org/mailman/listinfo/foundation-list
