Loomio
Mon 3 Oct 2022 3:14PM

We have room in our budget to do more—what should we do?

NS Nathan Schneider Public Seen by 146

Your friends in the Finance Working Group have been reviewing Social.coop's cash flow and have determined that we as a co-op could increase our budget. For instance, on Open Collective, our current balance is £9,253.27 GBP. Our estimated annual income is £5,845.01 GBP, while we are spending about £3k. That means, even allowing for some extra savings, we could consider increasing our budget, perhaps starting with another £1,000 per year.

That's exciting! What should we do with it? This is a thread to begin the discussion of what more we could be doing to make our little club more wonderful.

LF

Lynn Foster Sat 21 Jan 2023 9:47PM

Late to the party, but it occurs to me with the discussions going on about moderation, and the general challenges in the fediverse community right now with growth, maybe we should consider allocating extra funds to moderation. It seems very likely to increase in time commitment, perhaps drastically.