OpenStreetMap Foundation
2024 Budget
Report Date: 23rd February 2024

Executive Summary
The budget project currently reflects a projected deficit of £(35,596). Compared to 2023 actual expenses thisbudget reflects an increase of £182k in revenue which is attributable to SOTM related income, adjusted
corporate membership rates, and projected increases in donations. On the expenses side a much larger
increase of £236k is primarily due to large increases in the Communications and Engineering working groupbudgets. While the budget is prepared on an accrual basis of accounting, with several adjustments a cash basis
surplus of £5,863 is projected.
The current budget projects an ending cash balance of £632k which represents 12 months of cash basis
expenses to meet the board’s target.

Budget Process
The budget was prepared with input of several working groups. The budgets for Communications, Local
Communities, Engineering, Operations, and State of the Map were prepared based on projections provided by
the working groups. While other budgets were estimated based upon prior year actuals. Throughout the process
the Finance Committee met to review projected budgets and alignment with prior actuals.

Issues to be Addressed••Currency exchange: The majority of budgets were prepared in Euros. However, the final budget isprepared in GBP. This presents a risk in the case of fluctuations in either currency. However this is
mitigated by the fact that revenue is received in multiple currencies.
SOTM: With SOTM held in Africa there is some uncertainty regarding attendance and costs. The
budgeted expenses from the SOTM WG were prepared for 400 attendees, while the revenue isprojected at 75% of 2022 SOTM revenue.

Version prepared 23rd February 2024

OpenStreetMap Foundation
Budget Summary
2024
2023 Actuals

2024 Budget

Individual Membership
Corporate Membership
Donations
Conference Registrations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income

18,012
199,142
171,472
25,80434,9473,524
3,019

18,552
230,138
295,174
20,16388,576
3,629
1,360

540
30,996
123,702
20,16362,771(34,947)
106(1,659)

Total Revenue

455,920

637,429

181,509

Personnel and Contractors

269,637

409,766

140,128

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

59,93135,140
846
9,086
3,092
6,727
156
28

56,83045,75762,6365,000
29,993
8,204
43
2,585

(3,102)
10,617
61,790(4,085)
26,901
1,477
(114)
2,557

Total Expenses

384,644620,813

236,169

Surplus/Deficit before Depreciation

71,276

16,615(54,661)

Depreciation

51,431

52,212781

Surplus/Deficit

19,845(35,596)(55,442)

Cash Basis Conversion
Accrual basis surplus/deficit
Add:Depreciation
Less:Capital Expenditures(35,596)
52,212(10,753)

Cash Basis Surplus/Deficit

5,863

Version prepared 23rd February 2024

ChangeOpenStreetMap Foundation
Reserve Analysis
2024

Beginning Cash
Cash basis surplus/(deficit)
Ending CashMonths of Expenses Ending

Current Budget
625,703
5,863
631,566
12.00

Total accrual basis expenses
Less: Depreciation
Add: Capital Expenditures
Total Cash Basis Expenses

673,025(52,212)
10,753
631,566

Version prepared 23rd February 2024

OpenStreetMap Foundation
Budget by Working Group2024
Admin and
BoardWG

CommsWG

ChaptersWG EngineeringWG

LicensesWG

OperationsWG

SOTM

Total

Individual MembershipCorporate Membership
Donations
Conference Registrations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income

18,552
230,138
295,091
3,629
1,360

----

-

83
20,16388,576-

18,552
230,138
295,174
20,16388,576
3,629
1,360

Total Revenue

548,770-----

88,659637,429

Total Personnel and Contractors

111,315

9,000

265

120,092

15,836

144,758

8,500

409,766

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

697
5,000
22,1186,929
43-2,250
1,500
1,250

244
11,210100

13,296100

100

53,6396,375
935

21,25062,6361,275
100

56,83045,75762,6365,000
29,993
8,204
43
2,585

Total Expenses

146,102

14,00011,819133,488

15,936

205,707

93,761

620,813

Surplus/Deficit before Depreciation

402,668(14,000)(11,819)(133,488)(15,936)(205,707)(5,103)

16,615

Depreciation

12,360----39,852-

52,212

Surplus/Deficit

390,308(14,000)(11,819)(133,488)(15,936)(245,559)(5,103)(35,596)

Version prepared 23rd February 2024OpenStreetMap Foundation
Admin & BoardWG Budget
2024
2023 Actuals 2024 Budget

ChangeIndividual Membership
Corporate Membership
Donations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income

18,012
173,398
171,447
3,524
1,320

18,552
230,138
295,091
3,629
1,360

540
56,740123,643
106
40

Total Revenue

367,701

548,770

181,069

Personnel and Contractors

73,121

111,315

34,194

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

676(783)
1,570
6,727
41
28

697
5,00022,118
6,929
43-

20
5,784
20,547202
1(28)Total Expenses

81,382

146,10260,720Surplus/Deficit before Depreciation

286,319402,668

120,349

Depreciation

12,00012,360360

Surplus/Deficit

274,319

390,308

119,989

Version prepared 23rd February 2024

OpenStreetMap Foundation
CommsWG Budget
2024
2023 Actuals

2024 Budget

Membership
Donations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income---

Total Revenue---

Personnel and Contractors

207

9,000

8,793

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

(10)
606
-

2,250
1,500
1,250

2,250
10894
1,250

Total Expenses

803

14,00013,197

Surplus/Deficit before Depreciation(803)(14,000)(13,197)

---

(803)

(14,000)(13,197)

Depreciation
Surplus/Deficit

Version prepared 23rd February 2024

ChangeOpenStreetMap Foundation
ChaptersWG Budget
2024
2023 Actuals 2024 Budget

ChangeMembership
Donations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income---Total Revenue---

Personnel and Contractors

257

265

8

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/LossTravel
Insurance
Printing and Postage
Volunteer Engagement

237
(22)
-244
11,210100

711,21022100

Total Expenses

472

11,81911,348

Surplus/Deficit before Depreciation(472)(11,819)(11,348)

---

(472)

(11,819)(11,348)

Depreciation
Surplus/Deficit

Version prepared 23rd February 2024

OpenStreetMap Foundation
EngineeringWG Budget
2024
2023 Actuals

2024 Budget

Membership
Donations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income---

Total Revenue---

37,602120,092

82,490

172
(847)
-

13,296100(172)
13,296847
100

Total Expenses

36,928133,488

96,561

Surplus/Deficit before Depreciation(36,928)(133,488)(96,561)---(36,928)(133,488)(96,561)

Personnel and Contractors
Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

Depreciation
Surplus/Deficit

Version prepared 23rd February 2024

ChangeOpenStreetMap Foundation
LicensesWG Budget
2024
2023 Actuals 2024 Budget

ChangeMembership
Donations
Conference SponsorshipFiscal Sponsor - Income
Interest Income
Other Income---

Total Revenue---

11,977

15,836

3,859

(21)
-100

21100

Total Expenses

11,956

15,936

3,980

Surplus/Deficit before Depreciation(11,956)(15,936)(3,980)---(11,956)(15,936)(3,980)

Personnel and Contractors
Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and VAT
TravelInsurance
Printing and Postage
Volunteer Engagement

Depreciation
Surplus/Deficit

Version prepared 23rd February 2024

OpenStreetMap FoundationOperationsWG Budget
2024
2023 Actuals

2024 BudgetMembershipDonations
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income---

Total Revenue---

Personnel and Contractors

145,386

144,758(628)

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and Currency Gain/Loss
TravelInsurance
Printing and Postage
Volunteer Engagement

58,846
268
6,482
915
115
-

53,6396,375
935(5,207)(268)(6,482)
5,460
(115)
935

Total Expenses

212,012205,707(6,305)

Surplus/Deficit before Depreciation(212,012)(205,707)

6,305

Depreciation

39,431

39,852421

Surplus/Deficit(251,443)(245,559)

5,885

Version prepared 23rd February 2024

ChangeOpenStreetMap Foundation
State of the Map Budget
2024
2022 Actuals 2024 Budget

ChangeMembership
Donations
Conference Registration
Conference Sponsorship
Fiscal Sponsor - Income
Interest Income
Other Income

81
30,55091,216-

83
20,16368,412-2(10,387)(22,804)-

Total Revenue

121,847

88,659(33,189)

-

8,500

8,500

Hosting, Internet Software
Grants and Fiscal Sponsorship
SOTM Costs
Bank Charges and VAT
TravelInsurance
Printing and Postage
Volunteer Engagement

95,034(11,239)-

21,25062,636
1,27510021,250(32,398)
11,2391,275
100

Total Expenses

83,79593,761

9,966

Surplus/Deficit before Depreciation

38,053(5,103)(43,155)---

38,053(5,103)(43,155)

Personnel and Contractors

Depreciation
Surplus/Deficit

Version prepared 23rd February 2024