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

[Frederik Ramm]

Hi,

On 12/09/2016 06:21 PM, Christoph Hormann wrote:
> By the way if i am reading the numbers correctly that 7k is accounting 
> and legal expenses together - see
> 
> http://wiki.osmfoundation.org/wiki/Finances/Income_2014
> 
> Accounting is 6k in 2015 and 3k in 2016.

Accounting is a bit difficult because it has a built-in time delay that
we don't properly account (ha!) for.

We normally pay quarterly accounting fees plus one invoice for the
yearly financial report, roughly £800-£1200 per quarter and then roughly
£1000 for the year-end stuff.

The 2014 business year was 4 months longer than usual, which means it
had one more quarter. It also required more end-of-year work because two
yearly reports needed generating; but that cost only landed in 2015.
2015, on the other hand, did not have a SOTM so it produced less
accounting work load...

On the whole, £6000 per year is a figure that mostly works for accounting.

Now legal is another matter, it has picked up quite a bit in recent
years as we're registering trademarks in countries where it is more
difficult than just filling out a web form and paying a fee - often, our
UK law firm has to engage a partner firm in the respective country, and
paperwork has to be produced that "proves" that we're really active in
the country; initial registrations are rejected, appeals are written and
so on.

Bye
Frederik

-- 
Frederik Ramm  ##  eMail frederik at remote.org  ##  N49°00'09" E008°23'33"