CZ:Financial report

In late October, 2010, when the Management Council (MC) came into being and began getting organized, it was found that there were no longer any funds available to us for paying the cost of hosting our services. That situation was explained in the announcement made in this forum posting on November 12, 2010. Therefore, the MC began a donation drive in early November. Our financial history from November 2010 to date is shown in the table below:

Our fiscal months start and end on the 20th (until Sept. 2011, the 16th) of each month because that is when we pay server costs for the coming month. Beginning with February 2012, however, with a new Treasurer in place, the above charts will reflect a calendar month and not the fiscal month. The figures shown will henceforth reflect the financial situation as of the last calendar day of that month.

The MC is making every effort to find some university, or philanthropist or charitable non-profit organization to help us with free server facilities or with additional funds. However, we have had no success to date. It appears that we must continue to raise our own funds by donations.

'''What we will urgently need is for a small number of our members to pledge monthly donations ranging from $5.80 per month to $11.60 per month, as shown just below:


 * 20 members pledging $5.80 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
 * 15 members pledging $7.74 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost) or
 * 10 members pledging $11.60 per month would raise $116.00 (which would be $112 after deducting PayPal's fee, sufficient for hosting cost)'''

In Southern California, the cost of seeing a movie at the cinema is $15.