Resolution:Approving the Wikimedia Foundation 2019-20 Annual Plan

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Resolution: Approving the Wikimedia Foundation 2019-2020 Annual Plan

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This resolution was approved on June 14, 2019.

RESOLVED, the Board of Trustees hereby approves management's proposed annual plan for the 2019-­20 fiscal year, which includes US$111.7 million of revenues and US$111.5 million of expenses, including US$5 million of contribution to the Endowment; and

RESOLVED, 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

Budget by quarter	Q1	Q2	Q3	Q4	FY19-20
Total Revenue (including interest income)	13.2	77.2	12.1	9.2	111.7
Programmatic	15.8	21.0	20.5	26.7	84.0
Fundraising	2.3	5.2	2.5	2.5	12.5
General & Admin.	3.8	3.7	4.0	3.5	15.0
Total Expense	21.9	29.9	27.0	32.7	111.5
Change in net assets	(8.7)	47.3	(14.9)	(23.5)	0.2

Approve

Maria Sefidari (Chair), Christophe Henner (Vice Chair), Dariusz Jemielniak, James Heilman, Nataliia Tymkiv, Raju Narisetti, Esra'a Al Shafei, Jimmy Wales, Tanya Capuano, and Lisa Lewin

References

• Delegations of Financial and Spending Authority