Revision as of 13:07, 23 November 2023 view source Pcoombe (talk \| contribs) Bureaucrats, Interface administrators, Administrators 10,487 edits FY2324 refresh updates ← Older edit		Revision as of 10:28, 11 December 2023 view source Pcoombe (talk \| contribs) Bureaucrats, Interface administrators, Administrators 10,487 edits Board of Directors → Board of Trustees Newer edit →
Line 59: == Wikipedia’s fundraising requests seem urgent, despite the Wikimedia Foundation’s sizable reserve. Why do you need additional funding? == Sustaining healthy financial reserves and having a working capital policy is considered a [https://www.councilofnonprofits.org/tools-resources/operating-reserves-nonprofits best practice] for organizations of all types. The Wikimedia Foundation Board of ~~Directors~~Trustees recently defined our [https://foundation.wikimedia.org/wiki/Resolution:Setting_Working_Capital_Reserve_Target working capital policy] that is designed to sustain our work and provide support to affiliates and volunteers in the event of unplanned expenses, emergencies, or revenue shortfalls. It also enables us to have sufficient cash flow to cover our expenses throughout the year. == Staff compensation is part of your operating costs. Can you explain how this is determined? ==

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