FY2018 Draft Budget Board Discussion
Updated to link to the v2 versions of the Excel spreadsheets with new numbers.
Here's my first pass on the FY2018 budget. Between changes to stipends, number of preconferences, anticipated changes to Forum (two keynotes instead of three), and more, it took longer to put this together than I anticipated.
- FY2018 Draft Budget Summary - v2 (an overview of all budget lines)
- FY2018 Draft Budget Full - v2 (includes a spreadsheet breakout for every project)
Note that that while the bottom line number is alarming, it's not quite as bad as it looks. The summary shows that it's possible we'll be at a deficit of $50,000 at the end of FY2018, but $10,000 of that money is an anticipated expenditure of 50th anniversary funds. In other words, we're funding $10,000 worth of scholarships in FY2018 (-$10,000) that we collected money for in FY2017 (+$10,000).
I've laid out my rationale for this budget in a Google Doc, so you can see how I came up with figures for each line. I want to say up front that even though I think we'll do better than the projections show for CE, Forum, and sponsorship, I'm erring on the side of caution using trends from the past year since we're still aligning resources and creating infrastructure. I also don't have any hard data for publications revenue with our publisher since we'll get our first payment from them this summer, so I kept that figure conservative, too.
I'll be out of the office, completely offline, February 20 - March 5, so we can discuss the draft further when I'm back, although I'm happy to answer any questions you have before the 20th.