[Foundation-l] Fundraising and site notice

Tue Jan 9 22:25:29 UTC 2007

On 1/9/07, Anthere <Anthere9 at yahoo.com> wrote:
> Our auditors recommanded to increase cash reserve to at least 3
> ($875,000), preferrably 6 months ($1,650,000) of operating expenses for
> fiscal security.
>
By the way, I have no idea where those two numbers came from.  I've
seen http://wikimediafoundation.org/wiki/What_we_need_the_money_for,
but nowhere on that page do I see where the monthly operating expenses
are budgeted at $275,000.

Does the board plan on following the auditor's recommendation, and if so, how?

Anthony