\title{Finance Committee} 
\author{Tyler Mitchell, Finance Committee}
\maketitle

\section*{ Highlights }

\begin{itemize}
	\item Total Income of more than \$500,000 and Net Income of approximately \$40,000.
	\item 6 new Associate Sponsors.
	\item Frank Warmerdam appointed Treasurer.
	\item Finance discussions on public mailing list.\footnote{Finance Committee list: \url{http://lists.osgeo.org/mailman/listinfo/finance}}
	\item Handled new sponsors, renewals, expenses.  
	\item Moved banking, managed PayPal.
	\item Supported Project Sponsorship programs
	\item Set up PayPal donation button on \textbf{osgeo.org}
\end{itemize}
 
\section*{Sponsors \& Donations}

There were officially \textbf{12} sponsorship renewals during 2008.   Sponsorship positions have a 1 year term and are renewed throughout the year.  

Fundraising and adding new sponsors was successful, especially early in the year, and helped surpass our financial needs for the year.  Obtaining additional sponsors for the 2009 will be critical to long term success.

\begin{itemize}
	\item \$100,000 was from \href{http://autodesk.com}{Autodesk} as a special donation.  As part of a multi-year plan, their donation for 2009 will be at the Sustaining Sponsorship level (\$50,000).
	\item \$20,000 came from \textbf{2} Supporting Sponsors: \href{http://www.inpe.br}{INPE} and \href{http://www.ingres.com}{Ingres}.
	\item \textbf{\$27,000} came from \textbf{9} Associate Sponsors: \href{http://www.1spatial.com}{1Spatial}, \href{http://www.astuntechnology.com/}{Astun Technology}, \href{http://boreal-is.com/}{Bor\'ealis}, \href{http://camptocamp.com}{Camptocamp}, \href{http://firstbasesolutions.com}{First Base Solutions}, \href{http://www.ign.fr/}{IGN France}, \href{http://www.geocat.net/About_GeoCat.html}{GeoCat}, \href{http://www.lizardtech.com}{LizardTech}, \href{http://www.pcigeomatics.com}{PCI Geomatics}.
\end{itemize}

\noindent Additional income came from a variety of sources including events and other programs:

\begin{itemize}
	\item \$10,000 came from the Google Summer of Code mentorship program (\$8,000 was also received during this period for their 2007 contribution).
	\item There was also significant revenue generated from annual Project Sponsorships through GDAL/OGR.   Portions (25\%) of these donations go into an account for OSGeo general use, in 2008 it added up to \$8,125.  GDAL/OGR raised nearly \$19,000 for their project sponsorship fund.
	\item  Approximately \$2,800 was raised through honorariums by volunteer authors for \href{http://www.geoconnexion.com/}{GeoConnexion Magazine}.
\end{itemize}

\subsection{FOSS4G 2008}

A successful FOSS4G conference event is an important part of OSGeo's financial results.  Approximately \$342,000 was raised through sponsorships and conference fees for the \textbf{FOSS4G 2008} Cape Town event.  

With net proceeds of approximately \$21,000 shared three ways (between OSGeo, the event co-host GISSA, and a South African GIS education fund) net income for OSGeo was approximately \$7,000.

\section*{Financial Statement Summaries}

\subsection*{2008 Annual Summary}

\begin{tabular}{@{}llr@{}} \toprule 
\textbf{Income} 	& & \textbf{(USD\$)} \\ 	
&	Conference Fees \& Sponsors	&	\$341,993 \\
&	Contributions From FOSS4G	&	(\$14,709) \\
&	Sponsors \& Donations	&	\$175,964 \\
&	Project Funds	&	\$18,875 \\
\textbf{Total Income}	&	&	\textbf{\$522,123} \\ \midrule
\textbf{Expenses}		&	& \\
&	Banking&	\$1,328 \\
&	Conference Expense&	\$320,273 \\
&	Contributions	&	\$2,120 \\
&	Incorporation Costs	&	\$1,047 \\
&	Office Related &	\$4,082 \\
&	Payroll \& Benefits	&	\$105,723 \\
&	Professional Fees &	\$969 \\
&	Project Disbursements (GDAL)	&	\$3,698 \\
&	Promotion \& Visibility	&	\$17,282 \\
&	Systems	&	\$15,496 \\
&	Travel	&	\$10,229 \\
\textbf{Total Expenses}		&	&	\textbf{\$482,245} \\ \midrule
\textbf{Net Income}		&	&	\textbf{\$39,877} \\
\bottomrule
\end{tabular}