Difference between revisions of "Current Budget (and prior budget archive)"

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Hive13's business accounting year matches the calendar year; January 1 to December 31.  Hive13's annual meeting (when we elect officers) occurs mid-summer.   
 
Hive13's business accounting year matches the calendar year; January 1 to December 31.  Hive13's annual meeting (when we elect officers) occurs mid-summer.   
  
Our strategy is to publish an annual 12-month budget at the end of each December for the upcoming year, January 1 to December 31.  A part of this exercise is to tally the actual year-end figures for the current year for the record and as a basis for the projections for the upcoming year.
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Our strategy is to publish an annual 12-month budget at the end of each December for the upcoming year, January 1 to December 31.  A part of this exercise is to tally the actual year-end figures for the current year as a historical record and as the basis for the formula projections for the upcoming year.
  
 
Six months later, at the end of June, this budget is updated with actual figures for the first half (January 1 to June 30) and updated figures for the second half (July 1 to December 31.   
 
Six months later, at the end of June, this budget is updated with actual figures for the first half (January 1 to June 30) and updated figures for the second half (July 1 to December 31.   

Revision as of 15:14, 27 December 2019

Hive13's business accounting year matches the calendar year; January 1 to December 31. Hive13's annual meeting (when we elect officers) occurs mid-summer.

Our strategy is to publish an annual 12-month budget at the end of each December for the upcoming year, January 1 to December 31. A part of this exercise is to tally the actual year-end figures for the current year as a historical record and as the basis for the formula projections for the upcoming year.

Six months later, at the end of June, this budget is updated with actual figures for the first half (January 1 to June 30) and updated figures for the second half (July 1 to December 31.

Our goal is to maintain a rainy-day minimum reserve that would enable operations to continue for a year with no income. The budget is formula-based

Income

Income derives from three primary sources:

  • Membership dues (Cornerstone, Full Member, Full Member Area Warden, Student Member, Student Member Area Warden, and Family Member)
  • Donations (direct to the Hive, and donations from conducting community outreach activities such as "Learn2Solder"
  • Class Income (nominal Member and Guest tuition fees from Hive run classes)
  • Other Sources (such as Soda credits)

Expense

Expenses are subdivided into two groups; fixed expenses and variable expenses

  • Fixed expenses include rent (gas, electric, and water utilities are included in the rent), insurance, and internet charges.
  • Variable expenses include member voted purchases and area warden budgeted expenses

Current Budget

  • 20200101 Budget (link here) for the period January 1, 2020 to December 31, 2020

Archive of Prior Actual Tallies

20190701 link here 20190101 link here 20180701 link here 20180101 link here