[Osmf-talk] Treasurer's report for tomorrow's AGM

[Christoph Hormann]

On Friday 09 December 2016, Frederik Ramm wrote:
> Hi,
>
>    in advance of tomorrow's AGM, here's a human-readable financial
> report covering the full 2015 business year and the first three
> quarters of 2016:
>
> https://wiki.osmfoundation.org/wiki/Finances/Treasurer%27s_Report_for
>_the_December_2016_AGM

Thanks for this.

Looking at the numbers 2015/2016 in comparison:

* for 2015 you have 11k for 'server opertations' - i assume that is 
hosting - which you have with 12k in 2016.
* for 2015 you have 3k 'legal and professional fees' - for 2016 there 
are 11k for 'legal fees' alone. What is the cause for this massive 
increase?

And citing from the outlook:

> We could suddenly find ourselves at the receiving end of legal
> threats, or we could face a sudden major hardware defect, or we could
> have an income shortfall when running an expensive event like SotM.
> It is good to know that the organisation wouldn't immediately keel
> over if something happens.

While i agree on the hardware defect risk for legal threats this is 
always a two sided sword because having a lot of cash lying around is 
also an incentive for others to try legal actions.  Because when there 
is no money to get the potential gain in litigation is minimal on the 
other hand.

-- 
Christoph Hormann
http://www.imagico.de/