Approving the Wikimedia Foundation 2016-17 Annual Plan

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Resolutions Approving the Wikimedia Foundation 2016-17 Annual Plan Errors?
The Wikimedia Foundation 2016-17 Annual Plan was approved by the Board of Trustees on June 20, 2016.

Resolved, that the Board of Trustees hereby approves management's proposed 2016 -­17 Annual Plan, which includes $63 million of revenues and $63 million of expenses with no increase to the reserves.

If, during the year, 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

(All amounts in USD, in millions)

Q1

(Jul-Sept)

Q2

(Oct-Dec)

Q3

(Jan-Mar)

Q4

(Apr-Jun)

Total
Revenues 4.0 36.5 13.3 9.2 63.0
Expenses 13.9 18.1 (a) 14.9 16.1(b) 63.0
Net (9.9) 18.4 (1.6) (6.9) 0.0
Change in Reserves (9.9) 8.5 6.9 0.0 0.0

Notes

(a) Q2 expenses are higher than other quarters because of higher donation processing fees which correlate to higher donation revenue target and FDC’s round 1 grants commitment.
(b) Q4 expenses are higher than Q1 and Q3 because of FDC’s round 2 grants commitment.

References

Approve
Patricio Lorente (Chair), Alice Wiegand (Vice Chair), Dariusz Jemielniak, Frieda Brioschi, Kelly Battles, Guy Kawasaki, Jimmy Wales, Maria Sefidari