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--></style></head><body lang=EN-US link=blue vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Salaries for the iD maintainer and fulltime paid sysadmin do not figure into the calculation of reserves to cover expenses. As currently envisioned, in a worst-case scenario, which we do not anticipate but for which we must plan, OSM would revert to all-volunteer staffing, and expenses would amount to hardware refresh, software licenses, and bandwidth, which are circa $120K. In other words, we could revert to status quo ante and cut expenses to the bone, with no paid software maintenance or development, and possibly higher downtime / slower network response due to lack of a paid sysadmin. In other words, the higher budget is to be viewed as a luxury that can be dispensed with in the event we face financial hardship. We do not anticipate this but are prepared to deal with it if necessary.</p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>We do anticipate that with passage of the AoA amendment allowing Board committees to include Foundation members who are not on the Board, a fund-raising committee will be able to assure a steady income stream from donations into the future. </p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Cheers,<br>apm<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='mso-element:para-border-div;border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='border:none;padding:0in'><b>From: </b><a href="mailto:simon@poole.ch">Simon Poole</a><br><b>Sent: </b>Monday, December 14, 2020 7:30 PM<br><b>To: </b><a href="mailto:osmf-talk@openstreetmap.org">osmf-talk@openstreetmap.org</a><br><b>Subject: </b>Re: [Osmf-talk] Operating reserves</p></div><p class=MsoNormal><o:p> </o:p></p><p>Given that I'm on the record as suggesting the same more than once, though I would be happy with two years, I obviously support this.</p><p>I do have to point out that I believe that your annual expenses number is too low, I suspect that the 2021 budget will be more like 250-300k€. No inside knowledge here, but we all know what the OSMF has indicated what it wants to do going forward and that will increase expenses substantially. As a result we should be looking at increasing the reserves by quite a bit.</p><p>Simon</p><div><p class=MsoNormal>Am 14.12.2020 um 22:47 schrieb Jean-Marc Liotier:<o:p></o:p></p></div><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><p>As a new member of the Board, I wish to start term my with a fundamental topic - the Openstreetmap Foundation's operating reserves.</p><p>In answer to a guest question during the December 12th General Meeting, Alan Mustard mentioned that the Openstreetmap Foundation strives to keep a reserve amounting to three years of operational expenses. <a href="https://wiki.osmfoundation.org/w/images/1/12/OpenStreetMap_Foundation_Limited_-_Profit_and_Loss_2020.pdf">The Treasurer's report's profit and losses</a> show yearly operating expenses amounting to 130k£ and the <a href="https://wiki.osmfoundation.org/w/images/2/25/OpenStreetMap_Foundation_Limited_-_Balance_Sheet_2020.pdf">Balance Sheet</a> shows net assets at 621 k£ - of which even the 400 k£ in the reserves savings account does cover about three years. From a cursory survey of non-profits, three years is at the prudent end of the range, so I think it is a reasonable goal to continue pursuing.</p><p>Nevertheless, this satisfactory state of affairs remains the informal result of the Board's cautious management. In keeping with my pledge of reinforcing the Openstreetmap Foundation's financial sustainability, I wish to take it a step further and advocate for the Board to produce an Operating Reserve Policy for a Board-Designated Operating Reserve.</p><p>As a novice in the business of operating reserves policies, I have sought best practices and found the <a href="https://www.giarts.org/sites/default/files/Operating-Reserve-Policy-Toolkit_1stEd_2010-09-16.pdf">Grantmakers in the Arts' Operating Reserve Policy Toolkit for Nonprofit Organization</a> to cover a lot of ground - interested individuals might wish to take a glance.</p><p>Among other things, an Operating Reserve Policy would need to include procedures, governance and conditions for drawdown and replenishment.</p><p>This comes too late to be made a topic of the 18th December Board meeting, so I'll propose it for the January meeting. Meanwhile, let us please discuss the desirability of such policy and what it might entail.</p><p class=MsoNormal><br><br><o:p></o:p></p><pre>_______________________________________________</pre><pre>osmf-talk mailing list<o:p></o:p></pre><pre><a href="mailto:osmf-talk@openstreetmap.org">osmf-talk@openstreetmap.org</a><o:p></o:p></pre></blockquote><pre style='mso-margin-top-alt:0in;margin-right:.5in;margin-bottom:5.0pt;margin-left:.5in'><a href="https://lists.openstreetmap.org/listinfo/osmf-talk">https://lists.openstreetmap.org/listinfo/osmf-talk</a></pre><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Courier New"'><o:p> </o:p></span></p></div></body></html>