Changes between Version 1 and Version 2 of projects/leadership-committee/feb-2011/finance


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Timestamp:
Feb 25, 2011, 7:08:34 PM (9 years ago)
Author:
Jamie McClelland
Comment:

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  • projects/leadership-committee/feb-2011/finance

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    11= Finance Report =
     2
     3== Summary ==
     4
     5May First/People Link is in better financial shape that at any other time in our history. While our typical monthly expenses (excluding re-imbursed expenses) is between $6,000 and $7,000 per month, our bank balance has crested $20.000 on several occasions in the past 6 months.
     6
     7This news is starkly different from last year. There are two reasons for the change:
     8
     9 * For the first time in 4 years, our hosting expenses have not gone up. In fact they've gone down by nearly $200. We were able to renew our Highwinds/XO contract at the same rate and re-negotiate a lower rate for Telehouse. Over the last five years, we've consistently increased our income, however, that increase has always been offset by sometimes dramatic increases in expenses. We will be re-negotiating both Highwinds/XO and Telehouse contracts this summer, however, we expect we can continue at the same cost (which still leaves us for room for growth).
     10
     11 * We have increased the number of members paying monthly for virtual servers. Most members pay $200/year for an organizational membership. As of now, we have 14 members paying monthly membership dues in the range of $100 and $300, totally $2,805. Furthermore, one members which was significantly behind in their monthly dues, has begun paying regularly, including extra to payoff the debt.
     12 
     13== Recommendations ==
     14
     15We propose that we hire our first paid staff person starting as a one-day a week business manager, primarily in charge of membership dues collection. The staff person would be responsible for handling the bank transactions and contacting members behind in dues.
     16
     17== Numbers ==
     18
     19=== Profit / Loss ===
     20
     21==== Income ====
     22
     23||Donations ||1,440||
     24||Grants ||5,000||
     25||Hosting ||169,684||
     26||Interest ||14||
     27||Re-imbursement/Contribution ||6,190||
     28||Total ||$182328.74||
     29
     30==== Expense ====
     31
     32||Bank Charges ||903||
     33||Computer Hardware ||11,562||
     34||Conference Registration ||360||
     35||Consultant fees ||4,000||
     36||Food/Entertainment ||692||
     37||Internet ||54,794||
     38||Lodging ||1,729||
     39||Membership dues and subs ||500||
     40||Misc. ||250||
     41||Office supplies ||11||
     42||Postage ||362||
     43||Printing ||616||
     44||Rent and utilities ||3,950||
     45||Telephone/Faxing ||371||
     46||Transportation - Local ||42||
     47||Transportation - Out of Town ||8,374||
     48||Total Expenses ||$88516.79||
     49||NET ||93811.95||
     50
     51=== Outstanding Invoices ===
     52
     53||Total Owed || $93,167.00 ||
     54||Total invoices || 344 ||
     55
     56==== Breakdowns ====
     57
     58|| Within the last quarter||$52,181 (103 invoices) ||
     59||Older than one quarter||$11,475 (64 invoices) ||
     60||Older than two quarters||$4,300 (24 invoices) ||
     61||Older than three quarters||$5,915 (34 invoices) ||
     62||Older than four quarters||$18,996 (117 invoices) ||