FY2013-01 - Revision history

Emptyset: Emptyset moved page FY2012-01 to FY2013-01 without leaving a redirect

2013-01-31T13:44:00Z

Emptyset moved page FY2012-01 to FY2013-01 without leaving a redirect

Emptyset at 13:43, 31 January 2013

2013-01-31T13:43:40Z

Emptyset at 13:41, 31 January 2013

2013-01-31T13:41:56Z

Emptyset: Created page with "Budget Currently, a budget has not been officially submitted for FY2013. There is budget draft in progress, which outlines projected income and expenses. There are three re..."

2013-01-31T13:41:46Z

Created page with "Budget Currently, a budget has not been officially submitted for FY2013. There is budget draft in progress, which outlines projected income and expenses. There are three re..."

New page

Budget

Currently, a budget has not been officially submitted for FY2013. There is budget draft in progress, which outlines projected income and expenses. There are three reasons for this.

The first is that the Metropolitan is now charging tenants separately for water utility. We would like to obtain at least a few data points before committing a number to a new and variable line item expense.

The second is that we don’t have a clear picture of project income from classes. The good news is that revenue from classes is not needed to balance the budget.

The third is that our insurance expense may increase, since we must obtain additional insurance to cover the costs of growth.

The plan is to officially submit a budget at the end of Q1, after more data is obtained and the budget draft reflects reality accurately. It is just short of complete certainty to expect a budget that is balanced. What we are planning for is our expected net revenue, for our first fiscal goal of building a reserve of 3mo of operating expenses. We are expected to meet that goal in early Q2 if current trends continue.

== Reserves ==

At January’s end, we have 1.51mo of operating expenses, a modest increase from the month before.

== Income ==

We took in more than enough income to cover our operating expenses. However, we are short on January payments from a few members at month’s end. Whether to charge late fees, and our policy on membership termination for non-payment will be discussed at the next BOD meeting.

== Expenses ==

Our big expense for the month was lighting fixtures and bulbs for the workshop zones in the back. We added and installed new fixtures.

New expenses that we are planning for include the aforementioned water utility and insurance.

== Membership ==

We added 4 new members this month, and 2 additional folks are in the process of obtaining membership but have not submitted questions yet. We continue the trend of membership growth that started in FY2012 Q2.

← Older revision		Revision as of 13:41, 31 January 2013
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−	Budget	+	== Budget ==

	Currently, a budget has not been officially submitted for FY2013. There is budget draft in progress, which outlines projected income and expenses. There are three reasons for this.		Currently, a budget has not been officially submitted for FY2013. There is budget draft in progress, which outlines projected income and expenses. There are three reasons for this.

@@ Line 1: / Line 1: @@
 == Budget ==
-Currently, a budget has not been officially submitted for FY2013.  There is budget draft in progress, which outlines projected income and expenses.  There are three reasons for this.
+Currently, a budget has not been officially submitted for FY2013.  There is a [https://docs.google.com/spreadsheet/ccc?key=0Am6XR58qPWQkdDIzUnRYbG5ZYXdfam1IUndtc1hKSlE budget draft in progress], which outlines projected income and expenses.  There are three reasons for this.
 The first is that the Metropolitan is now charging tenants separately for water utility.  We would like to obtain at least a few data points before committing a number to a new and variable line item expense.
@@ Line 13: / Line 13: @@
 == Reserves ==
-At January’s end, we have 1.51mo of operating expenses, a modest increase from the month before.
+At January’s end, we have '''1.51mo''' of operating expenses, a modest increase from the month before.
 == Income ==
@@ Line 21: / Line 21: @@
 == Expenses ==
-Our big expense for the month was lighting fixtures and bulbs for the workshop zones in the back.  We added and installed new fixtures.
+Our big expense for the month was '''lighting fixtures and bulbs''' for the workshop zones in the back.  We added and installed new fixtures.
-New expenses that we are planning for include the aforementioned water utility and insurance.
+New expenses that we are planning for include the aforementioned '''water utility''' and '''insurance'''.
 == Membership ==
-We added 4 new members this month, and 2 additional folks are in the process of obtaining membership but have not submitted questions yet.  We continue the trend of membership growth that started in FY2012 Q2.
+We added '''4''' new members this month, and '''2''' additional folks are in the process of obtaining membership but have not submitted questions yet.  We continue the trend of membership growth that started in FY2012 Q2.