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

From Hive13 Wiki
Jump to navigation Jump to search
(Expense Categories)
Line 1: Line 1:
 
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 as a historical record and as the basis for the formula projections for the upcoming year.
+
Our strategy at the end of each December, is to publish an annual 12-month budget projection 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 each June, this budget is updated with actual figures for the first half (January 1 to June 30) and adjusted projections 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  
+
r 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 Sources===
 
===Income Sources===
Line 19: Line 19:
 
Expenses are subdivided into two groups; fixed expenses and variable expenses
 
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.
+
*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 monthly expenses<br />
+
*Variable expenses include member-voted purchases and area warden budgeted monthly expenses<br />
  
 
===Current Budget===
 
===Current Budget===
  
* 2020 Budget (link here) January 1, 2020 to December 31, 2020
+
*2020 Budget (link here) January 1, 2020 to December 31, 2020
  
 
===History of Prior Years (Actual Figures)===
 
===History of Prior Years (Actual Figures)===
  
* 2019 link goes here
+
*2019 link goes here
* 2018 link goes here
+
*2018 link goes here
* 2017 link goes here
+
*2017 link goes here
* 2016 link goes here
+
*2016 link goes here
* 2015 link goes here
+
*2015 link goes here
* 2014 link goes here
+
*2014 link goes here
* 2013 link goes here
+
*2013 link goes here
* 2012 link goes here
+
*2012 link goes here
* 2011 link goes here
+
*2011 link goes here
* 2010 link goes here
+
*2010 link goes here
* 2009 link goes here
+
*2009 link goes here

Revision as of 15:29, 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 at the end of each December, is to publish an annual 12-month budget projection 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 each June, this budget is updated with actual figures for the first half (January 1 to June 30) and adjusted projections for the second half (July 1 to December 31).

r 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 Sources

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 (made 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 Categories

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 monthly expenses

Current Budget

  • 2020 Budget (link here) January 1, 2020 to December 31, 2020

History of Prior Years (Actual Figures)

  • 2019 link goes here
  • 2018 link goes here
  • 2017 link goes here
  • 2016 link goes here
  • 2015 link goes here
  • 2014 link goes here
  • 2013 link goes here
  • 2012 link goes here
  • 2011 link goes here
  • 2010 link goes here
  • 2009 link goes here