Date: Sun, 18 Nov 2007 08:27:23 -0500 From: wikimail@inbox.org To: foundation-l@lists.wikimedia.org Subject: Re: [Foundation-l] Putting the Foundation back in WMF
On Nov 18, 2007 1:34 AM, Robert Rohde rarohde@gmail.com wrote:
On Nov 17, 2007 7:54 PM, Anthony wikimail@inbox.org wrote:
The budget wasn't met last time either, was it? Looking back it seems like less than half the budget was raised during the entire fiscal year, and the foundation only spent about half of that ($1.4 million raised, only 0.7 million in expenses).
These supposed budgets look completely unrealistic to me. I assumed that was intentional. Ask for way more than you need, and then settle for half that. It's a common strategy.
One can pad the budget with programs that you might hope to pursue if there was enough money, but you can't simply inflate the numbers for no reason.
I don't claim they're inflated for no reason, I only claim that they're inflated.
Soliciting donations with a budget you know is misleading constitutes fraud.
A budget is by definition a forward-looking statement. Obviously it is dependent, among other things, on actually receiving the money requested. Proving fraud would be impossible. Besides, the $4.6 million dollars doesn't even call itself a "budget".
If the percentages are known to be misleading, that might constitute fraud, although proving it would still be impossible. But asking for way more than you need and more than you ultimately get is not fraudulent even if it could be proven.
I'd like to assume that the $4.6M in "planned spending" is not so ridiculous that it would still be reasonable to have less than $1.5M in fundraiser income.
Less spending on capital expenditures, along with other cuts (the board certainly doesn't need anywhere near $200K/year, Wikimania costs should be borne by the participants, etc.) would probably make $1.5 million reasonable. Capital expenditures are always optional, after all, since they're an investment in the future as well as an expense. How reasonable depends in part on how much is in the bank and how many servers were already bought in the current fiscal year. The current figures being released by the foundation are woefully inadequate to tell for sure.
The figures for the finance and administration are at $700,000/year. Maybe that's necessary, but with that much being spent I sure hope we start getting those regular financial reports that were promised something like two years ago.
And on that note, isn't there some audit thingummy we're supposed to be hearing something about? Hasn't that been in the pipeline for quite a while? Or am I all imagining this?
CM
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