User:Econterms/Treasurer duties and updates

I'm the treasurer of this chapter as of the February 2013 chapter board meeting and I'm figuring out here.

• Each month I'm to send a report to the board on the chapter's cash position, and a report from the Fundraising committee, and a report from our Grants-giving committee. The summary becomes public after Board approval, which is routine each month.
• As chair of grant cmte I shall give feedback on grant applications to the president, then for approved grants I'm to work out with the applicant how and when the money is transferred (see http://wikimediadc.org/wiki/Grants_policy, Articles IV and V).
• Our cash position is stable and improving. We can host routine events and we have an important grant application in to the Wikimedia Foundation; with that we can hold a big event too. Members are joining at a good clip, and we need more.
• Accounting standards: We're to follow GAAP.
• Note of interest: It is conceivable that Wiki DC could get a federal contract ; e.g. for a Wikimedian in residence or a NARA project. These are longshots.

Revenue issues

• Current grants from WMF: https://meta.wikimedia.org/wiki/Grants:WM_US-DC (all end 30 Sept 2013)
• possible sources of revenue: WMF/GAC grant for outreach ; WMF/GAC grant for administration ; WMF/GAC grant for Wikisource meeting ; we need other funders

Finance tech issues

• Our treasury numbers are on GNUcash.
• Wikimedia Australia keeps their financial numbers online at xero.com. Online has the advantage I guess that several of them can access the info, at least with read-only access. Cost maybe $360/year -- note they have much more revenue than WM DC does. For more, talk to treasurer John Vandenburg or previous treasurer now president Charles Franklin. Thanks for Charles Gregory, with whom I spoke at Wikimania 2013,

News

• reclassified bank account so we no longer owe a monthly fee for the small account
• plan for filing for FY2014