Feddit.uk financial report (July 2024)
Feddit.uk financial report (July 2024)
As can be seen from our Open Collective page, we built up a war chest in our first round of fundraising that almost covers a year's worth of hosting and we still have solid monthly donations:
However, this doesn't provide a full breakdown of our costs, so here are the details:
Hosting (total after VAT €40.68 - £34.09):
- Server - €29.00
- IP4 - €1.70
- Backup box - €3.20
So, as we received £39.31 this month our monthly donations are covering the hosting costs. As we went for a server with ample specifications these costs should remain the same for the time being.
In addition, before our fund-raiskng, I paid for hosting as we were preparing for a move to a new instance and then, after a quick change of plans, the current server. So there were four payments and I am submitting one repayment each month. This month was £11.78.
Following an earlier request, I have broken down the outgoings in a spreadsheet, which can be found here. That should help explain what the various costs have been and the payments that have been made to me as well as the ones due.
If anyone has any other questions then fire away. I've tried to keep everything concise but informative, however, I may have missed something.
You're viewing a single thread.
Thank you for being clear with the finances, I was thinking of asking. If we build to an excess of war chest is there anything we could spend the money on to promote/expand the community?
Always open to ideas, although as it isn't my money I'd be hesitant to dip too far into it because it may be needed. However, it will keep building up if there's no crisis.
Ideas:
- GA has mentioned using AI credits to get better summaries or video summaries.
- If there was a feature in some code we wanted to use we could posts a bounty on it.
- Smart toilets for feddit.uk HQ.
Feddit.UK hq should be a white van parked illegally in Birmingham
It is but it's going to get a fancy smart toilet soon!
After or before paying the parking ticket?
It's illegally parked, we ain't paying for no stinking ticket!
Oh I agree, there might be unexpected costs down the line that a large war chest will buffer is from.
I agree with all the above but smart toilets for all!