[Board] Mid-summer financial review

[Jo Walsh]

dear all,

Frank has talked on the finance list about his desire to
hold a mid-summer financial review for OSGeo.

This is a summary of the situation as I see it:

While Autodesk remain our main, sustaining sponsor,
they are no longer OSGeo's sugar daddy.
The financial crisis has hit sponsorship budgets,
and our good hopes of two more 30K+ sponsors
are not materialising. So far we have 85K coming
for the year.

Due to decrease in travel and training budgets
we also face a possible loss on 2009's FOSS4G.
The worst case scenario is a 50K loss, though we
have funds to cover this and to seed 2010's event
which hopefully will be profitable again.
We also face the expense of proper tax preparation.

In the meantime the prospect is that we cannot
afford to sustain a full-time staffer from late this year.
We have to figure out what to do about this,
as much for Tyler's peace of mind as OSGeo's plans.

FOSS4G is quite late in the year and the prospect
of an F2F board meeting has been raised. Perhaps
it can be done with 2 groups in NA and EU with a
conference line in between. I don't really plan to
re-stand for the board this year but i want to make sure
that action is set up or i won't be meeting my current
responsibility.

cheers,


jo
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