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Comment: Home run! Great slugging with that anwesr!
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| = Current Budget = * 135 Members * 161 Pledges * $5/month/pledge * Income * pledges: $805 * members: $685 * [[HcoopBudget|Current Monthly Expenses]] * $969.85 * ''''Monthly Deficit: $164.85'''' ($1.02/pledge, $1.22/member) * 33 additional pledges needed to break even (59 additional members without pledges) == Current Accumulated Deficit (up to October) == $136.30 = Migration Expenses = * Server Hardware: ~$2000 * PowerEdge 2970 + large raid * Console Server * Switch * New Colocation: ~$700/month * 2 * Actual cost pending * We would be carrying this in addition to peer1 for up to 60 days (ideally 30) == Migration Cost Per Member == === Colocation === * Each month at both colos (($700 + $850) = $2250) * Pledges: $13.97 * Members: $16.67 === Hardware === * Per pledge: $14.82 * Per member: $12.42 = Dues Restructuring = == Overview == * Dues pegged to {{{ceiling(recurring expenses / pledges)}}} * The board would be authorized to add $0-$3 per share for projected non-recurring costs and debts * Dues would be adjusted quarterly based on new costs and member counts * Plan would be enacted for December billing cycle == Short Term Increase == All numbers involving new setup are pending known colocation cost. Assuming 161 pledges * Adjusted to October Real Cost = $969.85 * Per pledge: $6.02 * No debt repayment / non-recurring costs adjustment === Deficit === October and November would run a deficit. * October deficit: $164.85 * November deficit: $864.85 * '''Total: $1029'''' This becomes a total migration deficit of ~$2000 + ~$1029 + $136.30 = ~$3165 === End Peer1 Dec 1 === * December real cost:$811.60 * December income (161 pledges @ $7): $1127 * Surplus: ~$315 * Per Pledge: $1.85 * Per Member: $2.34 * Remaining deficit Mar 1: ''''$2220'''' * Entire deficit paid off ~7 months later (assuming zero or slow expansion) = Numbers Look Better With New Members = Each new member joining before quarterly adjustment is paying 100% toward migration debt / expansion funding. New members therefore essentially pay for the capacity expansion required to handle them. = Long Term Reduction = With 300 members: * Projected real costs: $811.60 * Per member: $2.71 (3) * Expansion fund: $1 * Total cost: $4 * Monthly surplus: $388.40 (or $688.40 with $2 expansion fund) This is feasible within a year given our new hardware. = Related Ideas = == Join National Cooperatives Bank == A while ago we looked at leaving Wells Fargo and joining the [[http://ncb.coop|NCB]], but the discussion died with no resolution. Do we qualify to have a business account with NCB? If we do we might qualify for an interest bearing checking account. I can't find anything to indicate that we wouldn't be eligible for a business account with the NCB. [http://www.ncb.coop/uploadedFiles/Applications_and_Forms/Commercial/Business%20Deposit%20Account%20Application.pdf] is the NCB application for a business deposit account. Interest-bearing checking accounts are available to nonprofits, but "some nonprofit organizations may not qualify." The website has phone numbers for banking and nonprofit specialists, as well as a general contact form. == Moving Member Deposits to an Interest Bearing Account == We could open an account for storing member deposits into a savings or similar type of account and perhaps make a small amount of interest. Member deposits tend to not be touched often (if needed only the lower 2/3 of the balance could be stored in the interest bearing account), and so would be ideal for storing this way. What are the rules for HCoop as a non-profit corporation with regard to interest? Do we have to disburse gained interest to member balances, or could it instead go into a general use fund? |
Home run! Great slugging with that anwesr! ---- CategorySystemAdministration |
