Resolution:Approving the Wikimedia Foundation 2017-18 Annual Plan

    From the Wikimedia Foundation Governance Wiki
    Resolutions Approving the Wikimedia Foundation 2017-18 Annual Plan Errors?
    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