Resolution: Resolution:Approving the Wikimedia Foundation 2020-2021 Annual Plan

From Wikimedia Foundation Governance Wiki
Resolutions Resolution:Approving the Wikimedia Foundation 2020-2021 Annual Plan Feedback?
This resolution was approved on September 28, 2020.

Whereas, the Wikimedia Foundation has taken additional time to develop a plan for its 2020-2021 fiscal year in order to account for the unusual circumstances of the COVID-19 pandemic; and

Whereas, the Board of Trustees previously approved a provisional Foundation budget for the 2020-2021 fiscal year;

Now, therefore, it is

RESOLVED, that the Board of Trustees hereby approves management's proposed annual plan for the 2020-­21 fiscal year, which includes US$110.5 million of revenues and US$108.0 million of expenses; and

RESOLVED, that 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 (in US$ million)

Budget by quarter Q1 Q2 Q3 Q4 FY20-21
Total Revenue (including interest income) 19.1 71.0 10.4 10.0 110.5
Programmatic 17.5 18.9 20.0 23.4 79.8
Fundraising 2.7 4.7 2.7 2.5 12.7
General & Admin. 3.8 3.7 4.0 4.0 15.5
Total Expense 24.1 27.3 26.7 29.9 108.0
Change in net assets (5.0) 43.7 (16.3) (19.9) 2.5
María Sefidari (Chair), Nataliia Tymkiv (Vice Chair), Esra'a Al Shafei, Shani Evenstein Sigalov, Tanya Capuano, James Heilman, Lisa Lewin, Raju Narisetti, Jimmy Wales
Not present
Dariusz Jemielniak