By Private Profile 9ffb3741 on 2014-12-22 17:22 in Open Source Matters

The main topic of this meeting was to discuss the Budget for 2015.

The Treasurer started the Budget Process end of October, working with liaisons from PLT and CLT.
Goals and Objectives for each goal have been set by each Leadership Team.
For most of the line items an owner is assigned and an annual dollar amount.

For oversight, the Treasurer prepared three documents for the board containing the “Real Budget”, the budget worksheet and a quick summary.

The Treasurer is happy with the progress made but unfortunately, it is not ready to vote on in todays meeting.
Some line items for requested funds need more clarification and some require just one line item owner.
The quick summary is already showing that we are over budgeting, while the goal is a revenue neutral budget for 2015.

To move forward the Treasurer will contact the liaisons of the Leadership Teams for the budget and set up a meeting to identify areas to trim down.

The discussion about the Budget 2015 will continue on the mailing list, after that it will be voted on.
The goal is to approve the Budget before end of December, 2014.

The dates for the next meetings are:

  • 8 January, 2015 - Monthly Board Meeting

  • 12 February 2015 - Monthly Board Meeting

  • 12 March 2015 - Monthly Board Meeting

Note: More detailed Meeting Minutes of this Board Meeting will be subject of the next monthly board meeting to be approved and published at the OSM website shortly after approval.