James, I forgot that you are not able to edit Meta. I will migrate the relevant parts of the discussion here to the wiki, since a wiki is a useful place to break down ideas and refactor solutions; but please feel free to continue posting thoughts to the list.
On Sat, Dec 22, 2012 at 3:25 PM, James Salsman <jsals...@gmail.com> wrote: > > > our contingency allocation (6 months of reserve) has not changed this > year. > > How is that possible? Per > > http://meta.wikimedia.org/wiki/File:WMF_Revenue_%26_Expenses_October_2012_-_Actual_vs_Plan.png > the year to date revenue was $150,000 over plan, the year to date > expenses were $1,590,000 under their planned values, but the cash > reserves were still less than six months of expenses. > Fair point. 6 months is the target minimum for 2012-13; up from 5.2 months for 2011-12, but we dropped below that in October. There is an accounting quirk here: the month before the fundraiser starts is always the low-point for the reserves each year; and that low-point depends primarily on how much was raised in the previous fiscal year's fundraiser [given our current sporadic rather than continuous fundraising]. So really we should be setting a target in 2012-13 for the low-point of the reserve in October 2013 [which will be part of the 2013-14 plan]. I'll talk to the treasurer and AuditCom about how to address this in next year's plans. > >> after the July 2012-3 Annual Plan goal was set at $46.1 million, which > >> itself was substantially reduced after the Chief Revenue Office reported > > > > What gave you that idea? It is wrong. > > On the contrary, it is stated clearly at > > http://wikimediafoundation.org/wiki/2012-2013_Annual_Plan_Questions_and_Answers#What.27s_the_revenue_target_for_2012-13.2C_and_how_does_it_compare_to_previous_years.3F To be clear: The target was $46.1M, set in the spring, and closely sticking to the projection from 2010; not directly reduced by any recent report by the CRO. Nor was it "reduced again" later in the year - a target of $25M for the fundraiser this month is in line with the total $46.1M target for the year. > I will continue to raise these issues in specific questions Please do. I assume you will also follow related discussions on Meta even if you can't post there, and don't mind my migrating some of your comments there. SJ _______________________________________________ Wikimedia-l mailing list Wikimedia-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
