2018 Budget Vote: Difference between revisions

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* 2017-12-21 - Vote announced on the mailing list
* 2017-12-21 - Vote announced on the mailing list
* 2018-01-18 - Language locked in.
* 2018-01-25 - Language locked in.
* 2018-01-23 - Vote of the membership on this budget.
* 2018-01-30 - Vote of the membership on this budget.


== Background ==
== Background ==
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* Set aside funds for other emergency expenses such as safety, building maintenance/improvements/code complaince, and city occupancy.
* Set aside funds for other emergency expenses such as safety, building maintenance/improvements/code complaince, and city occupancy.
* Authorize the Board to spend money on normal administrative expenses not already authorized by the bylaws.
* Authorize the Board to spend money on normal administrative expenses not already authorized by the bylaws.
* Predict expenditures based on a conservative membership model that shows 0% growth based on December 2017 membership and income calculations.


=== Budget Overview ===
=== Budget Overview ===
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| Operational Budget || -$234,052.55 ||  
| Operational Budget || -$234,052.55 ||  
|-
|-
| Administrative Expenses || -$34,983.40 ||    For membership approval
| Administrative Expenses || -$36,983.40 ||    For membership approval
|-
|-
| Area Budgets || -$63,640.00 ||    For membership approval
| Area Budgets || -$63,640.00 ||    For membership approval
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| Outstanding Votes || -$35,615.00 ||    Votes not yet expired and voted on by the membership - not included in "Savings Requirement" calculation
| Outstanding Votes || -$35,615.00 ||    Votes not yet expired and voted on by the membership - not included in "Savings Requirement" calculation
|-
|-
| Discretionary funds available for votes || $48,633.47 ||  
| Discretionary funds available for votes || $46,633.47 ||  
|}
|}


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| Professional Services || $0.00 || -$28,500.00 || -$28,500.00 ||    Includes compliance budget
| Professional Services || $0.00 || -$28,500.00 || -$28,500.00 ||    Includes compliance budget
|-
|-
| Savings Requirement || $0.00 || -$70,977.27 || -$70,977.27 ||    6mo of all of the above including 12mo of insurance
| Savings Requirement || $0.00 || -$71,000.00 || -$71,000.00 ||    6mo of operational expenses - see 1.
|-
|-
| Total || -$75.00 || -$231,272.30 || -$234,052.55 ||  
| Total || -$75.00 || -$231,295.03 || -$234,075.28 ||  
|}
|}
# The savings requirement is an emergency fund that puts a minimum amount of funds aside to cover 6 months of operational expenses of Bank Charges/Fees, Rent, Utilities. It includes 12mo of insurance. The value is rounded up to the nearest $1000.


=== Additional Notes ===
=== Additional Notes ===
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* Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met.
* Funding of savings goals/accounts should be amortized over the year. Spending in other categories can still occur before these goals are met.


=== Area Host Budget===
=== Area Host Budgets ===
* [[2018 Budget Vote/General Area Budget]]
 
* [[2018 Budget Vote/CNC Area Budget]]
{| class="wikitable"
* [[2018 Budget Vote/Electronics Area Budget]]
! Area !! Annual Cost !! Link
* [[2018 Budget Vote/Cold Metals Area Host]]
|-
* [[2018 Budget Vote/Hot Metals Area Host]]
| [[2018 CNC Area Budget Vote]] || -$9,860.00 || [https://docs.google.com/spreadsheets/d/1yWof5aWPDtfZO8A6JQOX1BxsdFTq8k8sRXpkyOzn1u0/edit#gid=1955275037 Worksheet]
* [[2018 Budget Vote/Kitchen Area Budget]]
|-
* [[2018 Budget Vote/Arts and Crafts Area Budget]]
| [[2018 Cold Metals Area Host Vote]] || -$8,700.00 || [https://docs.google.com/spreadsheets/d/1O9NjPOLSP1CaGg9oE_B39J6joDPVK-H6MisDj4vhNxw/edit#gid=1955275037 Worksheet]
* [[2018 Budget Vote/Woodshop Area Budget]]
|-
| [[2018 Electronics Area Budget Vote]] || -$4,650.00 || [https://docs.google.com/spreadsheets/d/1lTHpBJOUEHx9IGjv8RgT9E7UPL9gwIj2fnTWGEHg90w/edit#gid=1955275037 Worksheet]
|-
| [[2018 General Area Budget Vote]] || -$5,500.00 || [https://docs.google.com/spreadsheets/d/1P7GtWag60DPnmGDi6JGNXA35YqnZ81NrofCsKYQMP48/edit#gid=1955275037 Worksheet]
|-
| [[2018 Graphic Arts and Textiles Budget Vote]] || -$5,180.00 || [https://docs.google.com/spreadsheets/d/10qem4PMyGilOLzrzlPxDWm7lyu3uFVrRhnH5EXMnnq8/edit#gid=1955275037 Worksheet]
|-
| [[2018 Hot Metals Area Budget Vote]] || -$8,000.00 || [https://docs.google.com/spreadsheets/d/1fr6iJ7c2VHgllNWRsWeXLowQNIKDw7pQ_5xsORa9TC0/edit#gid=1955275037 Worksheet]
|-
| [[2018 Kitchen Area Budget Vote]] || -$3,500.00 || [https://docs.google.com/spreadsheets/d/1FkIASoaorMapQNdBab_Ol2oeQLQBjI6NZXbqEBmmYB8/edit#gid=1955275037 Worksheet]
|-
| [[2018 Small Metals Area Budget Vote]] || -$8,000.00 || [https://docs.google.com/spreadsheets/d/1dOP1PBR_CX3Y95pD7aSAEqUtl_P2YpVD5YQR1M2JfVE/edit#gid=1955275037 Worksheet]
|-
| [[2018 Woodshop Area Budget Vote]] || -$10,250.00 || [https://docs.google.com/spreadsheets/d/1oULHOhN_uHYIBRHo8T7GGXB3-42ET86P6BYIUNVRH6s/edit#gid=1955275037 Worksheet]
|}
 
=== Previous Spending Authorization Expiration ===
All previous spending authorizations are expired as of midnight 12/31/2017 except for the following votes:
 
{| class="wikitable"
! Vote Name !! Amount Remaining !! Description
|-
| [[CNC Mill Vote 2017]] || $35,615.00 ||    Expires 6/9/18
|}


== Language ==
== Language ==
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This vote is to authorize the budget for the fiscal year of 2018, which goes into effect January 1, 2018 and expires December 31, 2018.
This vote is to authorize the budget for the fiscal year of 2018, which goes into effect January 1, 2018 and expires December 31, 2018.


The Board of Directors is authorized to spend from the Operational Budget and Administrative Expenses budgets. The CTO is authorized to spend from the CTO budget. The PR director is authorized to spend from the PR budget. Budgets that are already authorized to the Board of Directors from [[Bylaws#Board Budget|the bylaws]] are guidelines, as the bylaws take precedence.
The following expenditures and allocations are approved by this budget:


===Administrative Expenses===
===Administrative Expenses===
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|}
|}


=== Previous Spending Authorization Expiration ===
=== Savings Requirements ===
All previous spending authorizations are expired as of midnight 12/31/2017 except for the following votes:
* The board of directors must set aside $28,500 for professional services, which includes an allocation of $20,000 towards costs incurred from city occupancy and building code requirements.
 
* The board of directors must set aside $71,000 as a savings requirement that covers 6 months of operational costs, to be used in case of emergency. The determination of an emergency is left at the discretion of the board of directors.
{| class="wikitable"
! Vote Name !! Amount Remaining !! Description
|-
| [[CNC Mill Vote 2017]] || $35,615.00 ||    Expires 6/9/18
|}
 


[[Category:Votes]]
[[Category:Votes]]
[[Category:2018 Votes]]
[[Category:2018 Votes]]
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