Resolution:Approving the Wikimedia Foundation 2016-17 Annual Plan
 | This proposal has been approved by the Wikimedia Foundation Board of Trustees. It may not be circumvented, eroded, or ignored by Wikimedia Foundation officers or staff nor local policies of any Wikimedia project. Please note that in the event of any differences in meaning or interpretation between the original English version of this content and a translation, the original English version takes precedence. |
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| The Wikimedia Foundation 2016-2017 Annual Plan was approved by the Board of Trustees on June 20, 2016. |
Resolved, that the Board of Trustees hereby approves management's proposed 2016 -17 Annual Plan, which includes US$63 million of revenues and US$63 million of expenses with no increase to the reserves.
If, during the year, management anticipates the reserves will differ materially from the plan, the Board directs management to consult the Chair of the Audit Committee promptly.
Quarterly Breakdown of the Annual Plan
(All amounts in USD, in millions)
| Q1
(Jul-Sept) |
Q2
(Oct-Dec) |
Q3
(Jan-Mar) |
Q4
(Apr-Jun) |
Total | |
|---|---|---|---|---|---|
| Revenues | 4.0 | 36.5 | 13.3 | 9.2 | 63.0 |
| Expenses | 13.9 | 18.1 (a) | 14.9 | 16.1(b) | 63.0 |
| Net | (9.9) | 18.4 | (1.6) | (6.9) | 0.0 |
| Change in Reserves | (9.9) | 8.5 | 6.9 | 0.0 | 0.0 |
Notes
- (a) Q2 expenses are higher than other quarters because of higher donation processing fees which correlate to higher donation revenue target and FDC's round 1 grants commitment.
- (b) Q4 expenses are higher than Q1 and Q3 because of FDC's round 2 grants commitment.
References
- Approve
- Patricio Lorente (Chair), Alice Wiegand (Vice Chair), Dariusz Jemielniak, Frieda Brioschi, Kelly Battles, Guy Kawasaki, Jimmy Wales, María Sefidari