Difference between revisions of "Annual budget (2023–2024)"

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|'''Total cash at start of fiscal year'''
 
|'''Total cash at start of fiscal year'''
 
| align="right" |'''$108,043'''
 
| align="right" |'''$108,043'''
| width="65%" |{{note|Bank balance, not including small amounts in Paypal, receivables, or payables.}}
+
| width="65%" |{{note|Bank balance, not including small amounts in Paypal, receivables, or payables}}
 
|-
 
|-
 
| colspan="2" |'''Cash at end of fiscal year'''
 
| colspan="2" |'''Cash at end of fiscal year'''
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| rowspan="3" style="width:10px;" |
 
| rowspan="3" style="width:10px;" |
 
|Unrestricted cash
 
|Unrestricted cash
| align="right" |$?
+
| align="right" |$10,000
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
 
|Restricted cash
 
|Restricted cash
| align="right" |$?
+
| align="right" |$21,093
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
 
|'''Total cash at end of fiscal year'''
 
|'''Total cash at end of fiscal year'''
| align="right" |'''$23,103'''
+
| align="right" |'''$31,093'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
 
! colspan="5" |Revenue
 
! colspan="5" |Revenue
 
|-
 
|-
 
|
| rowspan="3" style="width:10px;" |
 
| colspan="2" |Restricted revenue
 
| align="right" |$0
 
| width="65%" |{{note|A detailed list of restricted revenues is provided below.}}
 
|-
 
 
| colspan="2" |Unrestricted revenue
 
| colspan="2" |Unrestricted revenue
| align="right" |$2,500
+
| align="right" |$16,500
 
| width="65%" |{{note|A detailed list of unrestricted revenues is provided below.}}
 
| width="65%" |{{note|A detailed list of unrestricted revenues is provided below.}}
 
|-
 
| rowspan="2" style="width:10px;" |
 
| colspan="2" |Restricted revenue
 
| align="right" |$10,000
 
| width="65%" |{{note|A detailed list of restricted revenues is provided below.}}
 
|-
 
|-
 
| colspan="2" |'''Total revenue'''
 
| colspan="2" |'''Total revenue'''
| align="right" |'''$2,500'''
+
| align="right" |'''$26,500'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
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| rowspan="3" style="width:10px;" |
 
| rowspan="3" style="width:10px;" |
 
| colspan="2" |Program expenses
 
| colspan="2" |Program expenses
| align="right" |$80,000
+
| align="right" |$95,000
 
| width="65%" |{{note|A detailed list of program expenses is provided below.}}
 
| width="65%" |{{note|A detailed list of program expenses is provided below.}}
 
|-
 
|-
 
| colspan="2" |Administrative expenses
 
| colspan="2" |Administrative expenses
| align="right" |$4,940
+
| align="right" |$8,450
 
| width="65%" |{{note|A detailed list of administrative expenses is provided below.}}
 
| width="65%" |{{note|A detailed list of administrative expenses is provided below.}}
 
|-
 
|-
 
| colspan="2" |'''Total expenses'''
 
| colspan="2" |'''Total expenses'''
| align="right" |'''$84,940'''
+
| align="right" |'''$103,450'''
 
| width="65%" |
 
| width="65%" |
 
|}
 
|}
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! colspan="4" |Restricted revenue
 
! colspan="4" |Restricted revenue
 
|-
 
|-
| rowspan="3" style="width:10px;" | 
+
| rowspan="2" style="width:10px;" | 
 
|Grants
 
|Grants
| align="right" |$0
+
| align="right" |$10,000
  +
| width="65%" |{{note|Anticipated Movement Strategy Implementation Grant}}
| width="65%" |{{note|The fiscal 2024 portion of 18-month Wikimedia Community Fund grant from the Wikimedia Foundation was received before the start of the year; see Notes.}}
 
|-
 
|Contracts
 
| align="right" |$5,500
 
| width="65%" |{{note|From Hacks/Hackers for NSF-sponsored project, the ARTT Guide grant now underway}}
 
 
|-
 
|-
 
|'''Total restricted revenue'''
 
|'''Total restricted revenue'''
| align="right" |'''$5,500'''
+
| align="right" |'''$10,000'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
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| rowspan="3" style="width:10px;" | 
 
| rowspan="3" style="width:10px;" | 
 
|Member dues and donations
 
|Member dues and donations
| align="right" |$2,500
+
| align="right" |$1,000
| width="65%" |{{note|Membership dues and associated donations not exceeding $2,500 per member per year.}}
+
| width="65%" |{{note|Membership dues and associated donations not exceeding $2,500 per member per year}}
 
|-
 
|-
 
|Contracts
|Large or corporate donations
 
| align="right" |$0
+
| align="right" |$15,500
 
| width="65%" |{{note|From Hacks/Hackers for NSF-sponsored project, the ARTT Guide grant now underway}}
| width="65%" |
 
 
|-
 
|-
 
|'''Total unrestricted revenue'''
 
|'''Total unrestricted revenue'''
| align="right" |'''$2,500'''
+
| align="right" |'''$16,500'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
 
| colspan="2" |'''Total revenue'''
 
| colspan="2" |'''Total revenue'''
| align="right" |'''$8,000'''
+
| align="right" |'''$26,500'''
 
| width="65%" | 
 
| width="65%" | 
 
|}
 
|}
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| width="65%" |{{note|Costs for staff travel and for North American WikiConference/Hub partnership activities}}
 
| width="65%" |{{note|Costs for staff travel and for North American WikiConference/Hub partnership activities}}
 
|-
 
|-
  +
|
| colspan="2" |Wiki Science Competition
+
|Wiki Science Competition
 
| align="right" |$2,000
 
| align="right" |$2,000
| width="65%" |{{note|Prizes}}
+
|{{note|Prizes}}
 
|-
 
|-
 
|
 
|
 
|
 
|
 
|Strategic Planning
 
|Strategic Planning
|$15,000
+
| align="right" |$15,000
 
|
 
|
 
|-
 
|-
 
| colspan="3" |'''Total program costs'''
 
| colspan="3" |'''Total program costs'''
| align="right" |'''$80,000'''
+
| align="right" |'''$95,000'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
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|-
 
|-
 
| rowspan="4" style="width:10px;" | 
 
| rowspan="4" style="width:10px;" | 
|Accounting
+
|Accounting
 
| align="right" |$4,400
 
| align="right" |$4,400
 
| width="65%" |{{note|QuickBooks Online subscription and accountant}}
 
| width="65%" |{{note|QuickBooks Online subscription and accountant}}
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|-
 
|-
 
|'''Total finance costs'''
 
|'''Total finance costs'''
| align="right" |'''$1,990'''
+
| align="right" |'''$5,500'''
 
| width="65%" |
 
| width="65%" |
 
|-
 
|-
 
| colspan="2" |'''Legal costs'''
 
| colspan="2" |'''Legal costs'''
 
| align="right" |'''$200'''
 
| align="right" |'''$200'''
|{{note|Tax filings and business registrations -- shall we budget more for new accounting/audit services?}}
+
|{{note|Tax filings and business registrations}}
 
|-
 
|-
 
| colspan="2" style="width:10px;" |'''Coworking space'''
 
| colspan="2" style="width:10px;" |'''Coworking space'''
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|-
 
|-
 
| colspan="3" |'''Total administrative costs'''
 
| colspan="3" |'''Total administrative costs'''
| align="right" |'''$4,910'''
+
| align="right" |'''$8,450'''
 
| width="65%" |
 
| width="65%" |
 
|}
 
|}
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==Notes==
 
==Notes==
{{note|The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.<br/>
+
{{note|The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.}}
  +
The annual grant is documented [[meta:Grants:Programs/Wikimedia_Community_Fund/Wikimedia_DC:Sustaining_and_Growing_Chapter_Programs_and_Partnerships_in_2023-24|here]], and the Movement Strategy Implementation grant [[Grants:Project/MSIG/Researching_a_North_American_Hub|here]] and [[meta:North_American_Hub_Research_Project|here]]. The ARTT Guide project is described [https://www.artt.cs.washington.edu/about here]. It is funded largely by a National Science Foundation grant.
+
{{note|The annual grant is documented [[meta:Grants:Programs/Wikimedia_Community_Fund/Wikimedia_DC:Sustaining_and_Growing_Chapter_Programs_and_Partnerships_in_2023-24|here]], and the Movement Strategy Implementation grant [[meta:Grants:Project/MSIG/Researching_a_North_American_Hub|here]] and [[meta:North_American_Hub_Research_Project|here]]. The ARTT Guide project is described [https://www.artt.cs.washington.edu/about here]. It is funded largely by a National Science Foundation grant.}}
<br/>
 
  +
'''Restricted''' funds are tied to a grant that restricts our expenditures. '''Unrestricted''' funds are generally donations, memberships, and contracts.
+
{{note|'''Restricted''' funds are tied to a grant that restricts our expenditures. '''Unrestricted''' funds are generally donations, memberships, and contracts.}}
<br/>
 
It is possible that in the 2023-24 period further revenues, not shown in the plans above, would come from (a) a new Movement Strategy Implementation grant, (b) a new contract from Hacks/Hackers, or (c) a fiscal sponsorship of the annual North American WikiConference grant. If so it may be necessary to hire additional staff.}}
 
   
  +
{{note|Wikimedia DC's Board of Directors approved the above draft budget at its meeting on 28 November 2023. The budget will be considered for approval by the membership as part of the Board election. We expect to have a result from that vote around 14 December 2023.}}
 
[[Category:Annual budgets]]
 
[[Category:Annual budgets]]

Latest revision as of 03:49, 3 December 2023

This budget lists Wikimedia DC's planned revenues and expenses for the 2023–24 fiscal year, which began on October 1, 2023 and will end on September 30, 2024. Figures are estimates.

Summary

Cash flow
Cash at start of fiscal year
  Unrestricted cash $25,701 Revenue from recent contracts, memberships, and donations
Restricted cash $82,342 Includes unspent funds from prior-year grants and grant funds administered under fiscal sponsorship agreements.
Total cash at start of fiscal year $108,043 Bank balance, not including small amounts in Paypal, receivables, or payables
Cash at end of fiscal year
Unrestricted cash $10,000
Restricted cash $21,093
Total cash at end of fiscal year $31,093
Revenue
Unrestricted revenue $16,500 A detailed list of unrestricted revenues is provided below.
Restricted revenue $10,000 A detailed list of restricted revenues is provided below.
Total revenue $26,500
Expenses
Program expenses $95,000 A detailed list of program expenses is provided below.
Administrative expenses $8,450 A detailed list of administrative expenses is provided below.
Total expenses $103,450

Revenue

Restricted revenue
  Grants $10,000 Anticipated Movement Strategy Implementation Grant
Total restricted revenue $10,000
Unrestricted revenue
  Member dues and donations $1,000 Membership dues and associated donations not exceeding $2,500 per member per year
Contracts $15,500 From Hacks/Hackers for NSF-sponsored project, the ARTT Guide grant now underway
Total unrestricted revenue $16,500
Total revenue $26,500  

Expenses

Program costs
  Institutional partnerships
  Staff and contractors $75,000 Wages and fringe costs for one full-time staff position, Wikimedia DC's Programs and Partnerships Manager
Programs
  Wikimedia partnerships $3,000 Costs for staff travel and for North American WikiConference/Hub partnership activities
Wiki Science Competition $2,000 Prizes
Strategic Planning $15,000
Total program costs $95,000
Administrative costs
  Finance
  Accounting $4,400 QuickBooks Online subscription and accountant
Payroll service $950 Gusto payroll service
Transaction fees $150 PayPal and bank wire fees
Total finance costs $5,500
Legal costs $200 Tax filings and business registrations
Coworking space $900 Shared space for occasional editathons and meetings at OpenGovHub, affiliated with WMF's existing membership, starting in December 2023
Post office box and postage $250 Rental fees for P.O. Box 9822, Washington, DC 20016
Technology $1,600 Hosting and domain name registrations
Total administrative costs $8,450

Notes

The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.

The annual grant is documented here, and the Movement Strategy Implementation grant here and here. The ARTT Guide project is described here. It is funded largely by a National Science Foundation grant.

Restricted funds are tied to a grant that restricts our expenditures. Unrestricted funds are generally donations, memberships, and contracts.

Wikimedia DC's Board of Directors approved the above draft budget at its meeting on 28 November 2023. The budget will be considered for approval by the membership as part of the Board election. We expect to have a result from that vote around 14 December 2023.