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    Nathan Schneider (ntnsndr@social.coop)'s status on Thursday, 23-Nov-2023 08:11:31 JSTNathan SchneiderNathan Schneider

    #Socialcoop friends, we in the Finance Working Group invite you to join us in working together on a cohesive budget for the co-op! https://www.loomio.com/d/liwtX0qd/toward-an-annual-budget

    In conversationabout a year ago from social.cooppermalink

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      Toward an annual budget
      We in the Finance Working Group have determined that the co-op should develop a cohesive annual budget. We currently take in far more than we spend; our current balance of £22k, for instance, exceeds our total spend over 5 years of £21k. Our current estimated annual budget is £15. The fact that we are so significantly underspending means that we are not effectively stewarding our members' resources to build the cooperative fediverse.To get a budgetary process going, we have developed a very simple draft budget for the co-op, based on allocating funds to working groups. We invite your feedback to help make this more accurately reflect our needs and wants. Please share suggestions in the comments below.Because we expect to see a new governance structure arise in Social.coop in early 2024, we anticipate that it will be an active participant in budgeting. But we hope that this thread can help inform and guide that process, and we in the FWG want to be active contributors to that.
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