X.org Treasurer's Report FY2017

[Bryce Harrington]

                        X.org Treasurer's Report
                                  2017

BEGINNING BALANCE (Jan 1, 2017)
   SPI Account                                                 $33444.39

Income
   Donations                                                    $6189.00
   Sponsorship:General                                          $1000.00
   TOTAL INCOME:                                                $7189.00

Expenses
   Banking Fees                                                  $-38.78
   Corporate                                                    $-113.75
   XDC Travel Sponsorship                                      $-1668.86
   SPI 5% of Income                                             $-359.45
   TOTAL EXPENSES:                                             $-2180.84

ENDING BALANCE (Dec 31, 2017)
   SPI Account                                                 $38452.55


== Treasurer Report for Fiscal Year 2017 ==

The bylaws[1] of the X.org Foundation provide a duty of the Treasurer to
produce an annual financial report, approved by the Board, within 60
days of the end of the fiscal year.  The fiscal year is defined as
ending on the 31st day of December in each year.

X.org is a member of Software in the Public Interest (SPI), which
handles most aspects of the Foundation's financial management.  SPI
provided monthly Draft Treasurer's Reports for FY2017 on April 5th,
2018.


== Financial Records ==

The X.org Board maintains financial books using the Ledger-CLI program,
which is used for its own record keeping and to shadow SPI's data.  The
tabulated finances above are directly generated from X.org's Ledger, and
thus is an accurate reflection of the state of our own books.


== Fundraising ==

Around a dozen individual donations were received through SPI's
Click&Pledge service.  An unknown number were also received through
SPI's PayPal payment service (we've requested transaction details from
SPI for our own verification purposes, but don't expect this to change
the overall totals).

With the SPI financial processing infrastructure now well established,
the X.org Board returned to looking at corporate sponsorship as an
income source.  Sponsorship level policies were adopted to provide for
both General sponsorship and Event sponsorship, with funds from the
latter being earmarked specifically for the annual XDC event.  One
general sponsor was signed up during FY 2017.  A number of Event
sponsors were contacted and committed to providing funding totalling
over $25,000 during the 2018 Fiscal Year.


== Funded Activities ==

The primary expenditures for the project in 2017 was the X Developers'
Conference (XDC) held at Google HQ.  The X.org Foundation sponsored
travel expenses for two attendees: One a presenter at the event, and
another a regular press reporter.

Several expenses were also incurred in finalizing the dissolution of the
old X.org Foundation corporate registration with the State of Delaware,
along with associated membership fees that X.org paid on an annual
basis.  The memberships are now terminated and the fees will no longer
recur.


== Asset Transfer ==

Prior to joining SPI, the X.org Foundation maintained its financial
assets in a Bank of America account.  The majority of the assets in the
amount of $33,000 had been transferred during the 2016 fiscal year, and
confirmed as received by SPI.  A transaction for the remainder, in the
amount of $391.53, was made in March of 2017, but has not yet been
confirmed as received by SPI.


== References ==

1: https://www.x.org/wiki/BylawReview/ProposedBylawsSPI2016.pdf
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