Changes between Version 1 and Version 2 of projects/leadership-committee/nov-2009/reports/financial


Ignore:
Timestamp:
Nov 18, 2009, 4:51:40 PM (11 years ago)
Author:
Jamie McClelland
Comment:

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  • projects/leadership-committee/nov-2009/reports/financial

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    11= Financial Report =
    22
    3 2008 Profit/Loss
     3== Overview ==
     4
     5May First/People Link has continued our trend of staying in the black. Our expenses roughly average between $4,000 and $5,000 per month and we maintain between $5,000 an $10,000 in the bank.
     6
     7Both income and expenses have been slowly rising. We have failed to achieve an economy of scale for two principal reasons:
     8
     9 * Bad timing on expansion: our biggest expansion decision came during the summer of 2007, when the economy was at its height. Since we couldn't afford to expand at Telehouse, we instead starting up with a new colo center.
     10 * Memberships are using more resources, but we are not increasing dues
     11 * New expenses: we are now paying rent for our offices and we've started spending more money on travel (US Social Forum/Conferences).
     12
     13== Outlook for 2010 ==
     14
     15August 2010 we will be renewing our contract with Bandcon. The Telehouse contract is not up until August 2011.
     16
     17== 2008 Profit/Loss ==
     18
     19=== Income ====
     20{{{
     21Book Sales                     220
     22Donations                      650
     23Expense Pass Through            75
     24Hosting                     66,162
     25Interest                        41
     26Total                       $67147.83
     27}}}
     28 
     29=== Expense ===
    430
    531{{{
    6 Income
    7 Book Sales              220
    8 Donations               650
    9 Expense Pass Through     75
    10 Hosting              66,162
    11 Interest                 41
    12 Total                $67147.83
    13  
    14 Expense
    1532Bank Charges                   726
    1633Computer Hardware            8,797
     
    3451The profit/loss over states profits since we have a lot of uncollected invoices.
    3552
     53
     54