2025 Budget Vote

Dates

11/26/24 - announced
11/28/24 - Language locked in. maybe. or a week later.
12/5/24 - Vote of the membership on this budget - Voting Opens
12/10/24 - Vote of the membership on this budget - Vote Closes

Background

This year of 2024 over $300k came in. 2025 I expect over $400k. Some of that money has to be spent on things such as rent and electricity and some of it the membership gets to decide how to spend it, but not the amounts reserved for the building and budgetary buffer in the case of unexpected expenses.

PS1 History lesson:

At first, everything was a member vote, even things like "pay the rent"

[citation needed] At some point it was decided this was ridiculous and the board was given the authority to make sure the rent got paid. And other things we can call Operational Expenses. Make sure PS1 continued to exist such that there was a place and the bare necessities. Anything optional required a vote.

Reimburse Patrick for the lamp $153.74 - Passed [Board_Meeting_Notes_2011-05-17]

Which was fine as there wasn't enough money to buy lots of things, and everyone knew that, so there were not very many votes to buy things.

As PS1 grew, there was more money to spend, which meant more votes. Great!

At some point it was decided to consolidate: Each Area Host could run a vote and get a budget for the year. [citation needed]

And later it was decided to consolidate all these votes into one big budget vote, and here we are.

There does not have to be any money allocated for additional votes, and as the organizations financial position changes we will have more or less money to work with.

The budget spreadsheet is to help predict, but not define how money will be spent. Only what is in the language of this vote does.

Aims

This budget is designed with the following goals:

Set aside funds for other emergency expenses such as health and safety, building maintenance/improvements/code compliance, and city occupancy.
Authorize the Board to spend money on normal administrative expenses not already authorized by the bylaws.
Predict expenditures based on a conservative membership model that shows 0% growth based on this November membership.

Additional Notes

All the numbers: 2025 Budget worksheet
We are on track to buy the building, but that is still over a year away. We could go off the rails and mess that up. Let's try not to up that mess.
If things get better, great. The building will be ours if we don't up mess.
If things get worse, the membership and or the board can make adjustments.
The much asked for Contingency Fund (previously called Savings Requirement) is back, now with new words.

Area Budgets

2D Printing	$3,900	Davis Sayer	Worksheet
3D CNC	$5,720	Matthew Keith	Worksheet
Specialty 3D Printing	$3,390	Books	Worksheet
Lasers CNC	$6,537	Jordan Kessel	Worksheet
Industrial CNC	$1,750	Adam Molski	Worksheet
Cold Metals	$5,100	Dave Solomon	Worksheet
Electronics	$5,825	Andrew Wingate	Worksheet
General Operations Team	$25,443	Andrew Morris	Worksheet
Graphic Arts and Textiles	$4,250	Lydia Miller	Worksheet
Hot Metals	$16,450	Ron Olson	Worksheet
Kitchen	$3,460	John Jegerski	Worksheet
Small Metals	$4,615	Osi Van Dessel	Worksheet
Woodshop	$14,310	Sam Paris	Worksheet
Technology Equipment	$10,855	Sky Nova	Worksheet
Public Relations	$1,500	Joseph Shaul	Worksheet
Total	$113,105

Language

This vote is to authorize the budget for the fiscal year of 2025, which goes into effect January 1, 2025 and expires December 31, 2025.

The following expenditures and allocations are approved by this budget:

Administrative Expenses

Authorize the board to spend up to $11,320.00 to cover administrative and emergency expenditures for the fiscal year of 2025.

Account	Amount
Meals & Entertainment	$6,320.00
President Discretionary Budget	$5,000.00
Total	$11,320.00

2D Printing

Authorize the board to spend up to $3,900 to cover 2D Printing expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

3D CNC

Authorize the board to spend up to $5,720 to cover 3D CNC expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Specialty 3D Printing

Authorize the board to spend up to $3,390 to cover Specialty 3D Printing expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Lasers CNC

Authorize the board to spend up to $6,537 to cover Lasers CNC expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Industrial CNC

Authorize the board to spend up to $1,750 to cover Industrial CNC expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Cold Metals

Authorize the board to spend up to $5,100 to cover Cold Metals expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Electronics

Authorize the board to spend up to $5,825 to cover Electronics expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

General Operations Team

Authorize the board to spend up to $25,443 to cover General Operations Team expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Graphic Arts and Textiles

Authorize the board to spend up to $4,250 to cover Graphic Arts and Textiles expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Hot Metals

Authorize the board to spend up to $16,450 to cover Hot Metals expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Kitchen

Authorize the board to spend up to $3,460 to cover Kitchen expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Small Metals

Authorize the board to spend up to $4,615 to cover Small Metals expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Woodshop

Authorize the board to spend up to $14,310 to cover Woodshop expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Technology Equipment

Authorize the board to spend up to $10,855 to cover Technology Equipment expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Public Relations

Authorize the board to spend up to $1,500 to cover Public Relations expenditures for the fiscal year of 2025. The board assigns this spending authority to the area host. This spending authorization goes into effect 1-1-2025 and expires 12-31-2025.

Contingency Fund

Allocate $40,000.00 for expenses that are above and beyond traditional operational expenses.

The board can disburse all or a portion the money in this account by unanimous vote at any regularly scheduled meeting.

After that, member votes are on hold until the fund is replenished.

Results

Date of Vote - 12/10/24
Quorum: 68
For: 56
Against: 10
Abstain: 3