Thanks Chuck :)
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Thanks Chuck :)
I would be happy to make a donation as well.
I'm in. Last time I was late and they'd already stopped accepting money because we more than enough donations. This time I want to be at the front of the line.
I'll be working up a more formal post later, but here are the rough details:
We currently have $217.60 cash on hand.
Our monthly expenses are ~$49.99/mo. Some months are more because of various annual fees. So we have about 4 months of operating cash right now.
We'll open up donations soon, I think, I just need to handle some logistics stuff.
I like most of what goes on here too, not all of course. But it would make me nervous if I were on a site where I liked everything. (Well, unless it were strictly dedicated to chocolate.) ;)
Lex, thanks for the numbers. (I like numbers.) But in this case, I don't know the implication of the numbers.
It does seem to me that maintaining a year of expenses all the time would be the most secure and allow for the most flexibility on the part of Greebo and/or those who are helping keep the operation going. If there were always a year of expenses in the bank/on the books that covers about 12 months of regular expenses, or, for example, equipment or software upgrades plus less than 12 months of expenses (at which point - let us know so we can replenish!) But I wouldn't object to a year of expenses at all times plus a reserve for equipment or software upgrades. At least that's my input FWIW.
Anyway - let us know.
I just stumped up for a year’s membership, so there is another month paid for :)
Link for donation?Reading more thoroughly is good. LOL
From Greebo's 1/25/16 post:
Aha! I must have been remembering Greebo's goal for at least a year's worth of operating expenses in reserve all the time. Looks like we're down way below that.
ETA: I just sent a donation for a year. Since I don't do recurring withdrawals I do need a reminder when it is time again. Also, I don't see an option to send a larger donation.
ETA #2: I re-read Greebo's original post and see that as of 1/25/16 (about 4 years ago) the monthly cost to run the site was around $50.00 and there were additional annual costs averaging $15 a month (so the additional annual costs as of then were about $15 x 12 = $180.)
So the monthly cost to run the site as of 1/25/16 was about $50 plus about $15 = $65 a month. Which is about $65 x 12 = $780.
I would be surprised if the cost hasn't increased.
@lexnaturalis if you are using 1/25/16 monthly cost figures and are not accounting for additional annual costs, and if there are any increase in operating costs since 4 years ago, the $50 monthly number is low. I think there should be a running balance in the account of at least a year's expenses. As of now we are running a deficit compared to what Greebo was saying 4 years ago would be optimal to have in the account.
I think we need to raise funds to the point that we bring up the balance to at least the total annual expense and that we generate enough from donations to keep the balance at that amount.
If the donations aren't coming in from monthly scheduled contributions then people like me (very willing to contribute regularly, but don't do automatic withdrawals from my account) - need to contribute regularly, maybe quarterly. But I don't typically know what we need and when.
In any case, it looks like the balance is well below optimal.