From Wikimedia Foundation Governance Wiki
This resolution was approved on September 28, 2020.
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Whereas,
the Wikimedia Foundation has taken additional time to develop a plan for its 2020-2021 fiscal year in order to account for the unusual circumstances of the COVID-19 pandemic; and
Whereas,
the Board of Trustees previously approved a provisional Foundation budget for the 2020-2021 fiscal year;
Now, therefore, it is
RESOLVED,
that the Board of Trustees hereby approves management's proposed annual plan for the 2020-21 fiscal year, which includes US$110.5 million of revenues and US$108.0 million of expenses; and
RESOLVED,
that during the year, if management anticipates the reserves will differ materially from the plan, the Board directs management to consult the Chair of the Audit Committee promptly.
Quarterly Breakdown of the Annual Plan (in US$ million)
Budget by quarter
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Q1
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Q2
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Q3
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Q4
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FY20-21
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Total Revenue
(including interest income)
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19.1
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71.0
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10.4
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10.0
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110.5
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Programmatic
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17.5
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18.9
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20.0
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23.4
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79.8
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Fundraising
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2.7
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4.7
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2.7
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2.5
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12.7
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General & Admin.
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3.8
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3.7
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4.0
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4.0
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15.5
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Total Expense
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24.1
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27.3
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26.7
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29.9
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108.0
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Change in net assets
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(5.0)
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43.7
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(16.3)
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(19.9)
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2.5
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- Approve
- Maria Sefidari (Chair), Nataliia Tymkiv (Vice Chair), Esra'a Al Shafei, Shani Evenstein Sigalov, Tanya Capuano, James Heilman, Lisa Lewin, Raju Narisetti, Jimmy Wales
- Not present
- Dariusz Jemielniak
References