[foundation-board] Three year financial outlook for OKI

[Hubbard, Tim]

Good to talk to you all yesterday.

To follow up on the FTE / finance project inconsistency I mentioned yesterday, the problem is that with the core numbers and FTE numbers provided they suggest a hugely higher FTE cost for year 2018 compared to 2017 or 2019

Year    2017    2018    2019
Core subtotal   795,000 1,445,000       1,325,000
FTEs    13.75   18      23
Cost/FTE        57,818  80,278  57,609

Since most of the core budget is salaries, I think this means the FTE number for 2018 should be higher to be consistent with the projected budget.

Best wishes,

Tim

On 2 Aug 2016, at 15:59, Pavel Richter <pavel.richter at okfn.org<mailto:pavel.richter at okfn.org>> wrote:

Dear Board,

in preparation of our upcoming Board Meeting this Thursday, we have put together a forecast for our income and expenditure for 2017 to 2019. You can find it here<https://docs.google.com/a/okfn.org/spreadsheets/d/1ZOXOmyKYhle_P4GkizGYRoAvzDGT5RidVuV0mR3DNYc/edit?usp=sharing>.

I will spent some time in the meeting to walk you through the document and give background on the numbers and how they were calculated.

What I hope to achieve during the Board Meeting is to get your approval that the proposed forecast reflects the abilities of OKI as an organisation and that you are in agreement about the growth rate the organisation is taking within the next three years

Just to avoid any misunderstanding: This is the three year forecast, not a proposed budget. We will present to the Board a proper budget for 2017 during the November meeting for approval (and at an earlier stage share a draft of this for input and discussion, of course)

Looking forward to meeting you on Thursday.

--
Kind regards

Pavel Richter
CEO
Open Knowledge International
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Tim Hubbard
Professor of Bioinformatics
Head of Department of Medical & Molecular Genetics
Director of Bioinformatics King's Health Partners/King's College London
Faculty of Life Sciences & Medicine
King's College London
8th Floor Tower Wing, Guy's Hospital
Great Maze Pond
London SE1 9RT
email: tim.hubbard at kcl.ac.uk<mailto:tim.hubbard at kcl.ac.uk>
tel: +44 20 7848 8132
ORCID: 0000-0002-1767-9318

Head of Genome Analysis, Genomics England
email: tim.hubbard at genomicsengland.co.uk<mailto:tim.hubbard at genomicsengland.co.uk>
tel: +44 207 882 6059
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