Resolution:Approving the Wikimedia Foundation 2017-18 Annual Plan

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Resolutions Approving the Wikimedia Foundation 2017-18 Annual Plan Feedback?
This resolution was approved at a meeting on June 16, 2017

Resolved, that the Board of Trustees hereby approves management's proposed 2017-­18 annual plan, which includes $76.8 million of revenues and $78.8 million of expenses, including $5 million of contribution to the Endowment, and additionally $2 million of non-recurring expenses to be funded through the reserve; 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

(All amounts in USD, in millions)

Q1 (Jul-Sept) Q2 (Oct-Dec) Q3 (Jan-Mar) Q4 (Apr-Jun) Total
Revenues 8.5 45.0 16.8 6.5 76.8
Operating Expenses (15.3) (17.6) (20.7) (23.2) (76.8)
Net (6.8) 27.4 (3.9) (16.7) 0.0
Non-recurring Expenses (a) (1.3) (0.2) (0.2) (0.3) (2.0)
Change in Reserve (8.1) 27.2 (4.1) (17.0) (2.0)
(a) Brand Strategy, Movement Strategy, and Office Move


Christophe Henner (Chair), María Sefidari (Vice Chair), Dariusz Jemielniak, Kelly Battles, Nataliia Tymkiv, and Alice Wiegand
Not present
Jimmy Wales