Nyx Net
Treasurer's Report
January 1998
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1997 Income & Expenses by Month -- See other post
1997 Revenue & Expenditures -- See other post
1997 & 1998 Balance Sheets -- See other post
Average Donations & Expenses per month -- See other post
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1997: Our expenses for 1997 are artificially low since some
monthly expenses did not start billing regularly till January
1998 and some large bills came due then. The total amount
extracted from DU's Nyx Operating Fund was $8,999.70.
1998: I really hope that we stop moving around since our expenses
go up each time. We did reach an agreement with our "old"
landlord to waive February and March rent AND pay us $2,000
towards our moving expenses. So that should cover almost all the
cost of moving, including the installation of the phone lines and
frame relay circuit.
I projecting that with the higher rent at the new site ($265/mo)
and the monthly cost of the frame relay circuit, we will need
$2,000 - $2,500 per month in operating expenses.
Projected expenses January - June 1998
Moving Expenses $ 2,000
Monthly Operating Expenses: $2,500/mo * 6 = $15,000
-------
$17,000
Reserve: ( 3 months) $ 6,000
-------
$23,000
Reimbursement from "old" landlord $ 2,000
Interest (on $11,000 currently invested $ 275
but included below) -------
$ 2,275
Current Funds (12/31/97) $21,847
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$24,122
Balance Remaining $ 1,122
--which won't buy much hardware....
Donations -- I would like to see at least $1500 to $2000 in
donations per month so that we can continue to upgrade the system
and replace hardware.