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 £24k, for instance, exceeds our total spend over 5 years of £22k. Our current estimated annual budget, calculated by Open Collective, is £13. The fact that we are so significantly underspending means that we are not effectively stewarding our members' resources to build the cooperative fediverse.We expect that this budgeting process will shift to the Organizing Circle once it is ready.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 need your feedback to help make this more accurately reflect our needs and wants. Please share suggestions in the comments below.Based on feedback, we will propose to advance a budget for the year.Draft budget (£13k)Finance WG (£5k)Stipends (£1k)Community contributions to allied technology and cooperative projects, to be determined by the FWG based on input from the membership (£3,400)Fiscal sponsor fee to Platform6 (£600)Tech WG (£3k)Expenses (£2)Meet.coop £90.00 GBP / monthHosting (£1k)Domain (£100?)May First ($250)Loomio ($100)Labor stipends (£1k)Community WG (£2k)Working group stipends (£1k)Organizing circle stipends (£1k)Reserves (£3k)Again, please let us know how we should adjust these amounts, especially based on the needs of particular working groups.
Nathan Schneider
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