[OSGeo Finance] PEO Canada

[Frank Warmerdam]

Ken Tamura wrote:
> As far as FX rates, my recommendation is to use the conservative rate for
> the budget.

Dave McIlhagga wrote:
 > For rate conversion, be conservative Frank -- and be prepared to adapt.
 >
 > We use a 90 cent dollar for budgeting purposes giving a 5-8 cent cushion
 > based on the day - it's important however to revisit at least once a
 > quarter, especially in these financially tumultuous times when it can
 > change in a hurry ...

Dave / Ken,

I have updated the budget to the 90 cent rate which is, I think conservative.
I believe I read today that guideance from the TD Bank is that the CAD rate
is likely to fluctuate in the 80 to 85 cent range over the coming year though
of course there is little assurance of anything in the current environment.

OSGeo has some financial cushion, so barring very radical shifts I don't
foresee too much need for quarterly re-evaluation of the budget.  However,
a mid-year review might be prudent and not too much of a workload.

Best regards,
-- 
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I set the clouds in motion - turn up   | Frank Warmerdam, warmerdam at pobox.com
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and watch the world go round - Rush    | Geospatial Programmer for Rent