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firefly:finances [2018/06/14 03:07] – csvossfirefly:finances [2024/06/30 02:41] (current) – jon
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 ==== I'm buying camp infrastructure or non-food consumables ==== ==== I'm buying camp infrastructure or non-food consumables ====
  
-To record any communal purchases you make, enter in each item, its prices, and your name into the[[https://docs.google.com/spreadsheets/d/11D-DNsnQT0co1xxwzsVF8VtvMR1f7xgwGvfVbFP_nxc/edit#gid=86457398|"Expense tracking" tab]] of the [[:firefly:spreadsheet|master spreadsheet]]. Alternatively, if you're out and about and want to get the receipt off your mind fast, email a photo of your receipt to csvoss@csvoss.com and/or jon@craftyjon.com and we'll enter it into the spreadsheet it for you! (My hope is that this is easier to do during times when you've got a phone but no laptop.)+To record any communal purchases you make, enter in each item, its prices, and your name into the [[https://docs.google.com/spreadsheets/d/1udnzeH8eT8mo81GdEEDGm3438InIccGTLDFibGlfrKE/edit|"Expense tracking" tab]] of the master spreadsheet. Alternatively, if you're out and about and want to get the receipt off your mind fast, email a photo of your receipt to jon@craftyjon.com and we'll enter it into the spreadsheet it for you! (Our hope is that this is easier to do during times when you've got a phone but no laptop.)
  
-Capital expenses that you purchase and get reimbursed for will be considered "camp property" and must be made available for any future event. By default, camp property is stored in Medford. +Capital expenses that you purchase and get reimbursed for will be considered "camp property" and must be made available for any future event. By default, camp property is stored in Somerville. Capital expenses should be approved by Jon before purchase.
- +
-<font 14px/inherit;;inherit;;inherit>We tentatively expect to spend around $500 total on capital expenses and around $100 on non-food consumables.</font>+
  
 ==== I'm buying food for communal meals ==== ==== I'm buying food for communal meals ====
  
-Rough guidelines: When purchasing groceries for cooking a camp dinner, aim to spend no more than $75 per dinner. Aim to spend no more than $50 per brunch.+Rough guidelines: When purchasing groceries for cooking a camp dinner, aim to spend no more than $2.25 per confirmed camper for dinners, and no more than $1.75 per confirmed camper for brunch (in other words, ~$110 and ~$85 for typical Firefly camp sizes). We encourage you to bring food for the meal you're planning yourself, but you can also get your groceries purchased by another campmate.
  
-After purchasing, enter in your name, the amount, and which meal it was for[[https://docs.google.com/spreadsheets/d/11D-DNsnQT0co1xxwzsVF8VtvMR1f7xgwGvfVbFP_nxc/edit#gid=86457398|"Expense tracking" tab]] of the [[:firefly:spreadsheet|master spreadsheet]]. Camp dinner groceries don't need to be itemized. Just enter in your total as "groceries – Wednesday dinner", for example, with a single dollar amount.+After purchasing, enter in your name, the amount, and which meal it was for in the "Expense tracking" tab of the event spreadsheet. Camp dinner groceries don't need to be itemized. Just enter in your total as "groceries – Wednesday dinner", for example, with a single dollar amount.
  
 ==== Will I be reimbursed if our purchases exceed our donations? ==== ==== Will I be reimbursed if our purchases exceed our donations? ====
  
-<font 14px/inherit;;inherit;;inherit>Some camp members have volunteered to make up the difference in the event that we spend more money than we receive in donations. So, you can make purchases without worrying whether or not they will be reimbursed. They will be reimbursed. :)</font>+If we don't get enough donations to cover expenses, we will prioritize reimbursing food then consumables first, followed by capital. In the past, some camp members have volunteered to make up the difference in the event that we spend more money on the new capital expenses than we receive in donations.
  
 ==== When and how will I be reimbursed? ==== ==== When and how will I be reimbursed? ====
  
-<font 14px/inherit;;inherit;;inherit>Reimbursements will be sent out no later than 14 days after the end of Firefly.</font>+Reimbursements will be sent out no later than 30 days after the end of the event, and usually within 7 days.
  
-By default, you'll be reimbursed for purchases by receiving a payment from [[https://venmo.com/camptheuniverse|@camptheuniverse]] on Venmo for any amounts that get entered in the expense tracking spreadsheet under your name. +By default, you'll be reimbursed for purchases by receiving an electronic transfer via Venmo, Zelle, or PayPal from Jon. If this doesn't work for you, reach out to Jon to arrange for a different method.
- +
-If you don't have Venmo and would like to be reimbursed without it, email Chelsea ([[csvoss@csvoss.com|csvoss@csvoss.com]]) and tell her via what payment channel you would like to be reimbursed. She'll CC Jon on the email, receive funds from Venmo for you, and then use your preferred payment channel to pay you back. Outside of Venmo, Chelsea can send you money using <font 14px/inherit;;inherit;;inherit>Google Wallet, Square Cash, Paypal, Bitcoin, Ethereum, Wave, and check.</font>+
  
 ===== Donating ===== ===== Donating =====
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 ==== How much should I donate? ==== ==== How much should I donate? ====
  
-We anticipate the total camp budget being around $1250, and as of 2018-06-13 the spreadsheet lists 36 campmates. So, suggested donation: $40. Feel free to donate more (to help the camp in case it doesn't get enough) or less (donations are voluntary). <font 14px/inherit;;inherit;;inherit>Money donated will go towards communal capital expenses, consumables, and food.</font>+The camp budget per event will be estimated ahead of time and confirmed after all receipts are collected. We raise money to pay for these expenses through member donations. Donations are voluntary! Typically we have a spread, some e.g. $0 and some e.g. $40 and some e.g. $100 or more. Donate whatever makes you most comfortable.
  
 ==== How do I donate? ==== ==== How do I donate? ====
  
-Send a payment to [[https://venmo.com/camptheuniverse|@camptheuniverse]] on Venmo.+Instructions will be sent out after each event on how donations can be made.
  
-If you don't have Venmo and would like to donate without it, email Chelsea ([[csvoss@csvoss.com|csvoss@csvoss.com]]) and tell her how much you intend to donate. She'll CC Jon on the email, donate that amount using Venmo for you, and then receive money from you via your your preferred payment channel. Outside of Venmo, Chelsea accepts Google Wallet, Square Cash, Paypal, Bitcoin, Ethereum, Nano, cash, and check.+==== What happens if we receive more in donations than we spend? ====
  
-==== Is my donation amount private? ====+The Universe will have a $0 balance between events. If we receive more donations than we spend, the excess funds will be returned according to an algorithm that tries to minimize the amount of the largest per-person donation. This system is designed so as to incentivize camp members to donate as much as they would be willing to spend on the camp, while ensuring that if the camp later learns it does not need the extra money then it will be returned. Furthermore, among campmates who overdonate, the algorithm will make their donations equal even if they didn't donate equal amounts.
  
-<font 14px/inherit;;inherit;;inherit>The amount of your donation will be visible only to Chelsea and Jon and kept private. (This happens whether you donate with or without Venmo.)</font>+As an example: if in a three-person camp with a $200 budget Alice donates $50, Bob donates $100, and Carol donates $150, then Bob will be refunded $25 and Carol will be refunded $75, causing the final donations to be $50 from Alice, $75 from Bob, and $75 from Carol.
  
-==== What happens if we receive more in donations than we spend? ====+We used [[https://github.com/ainjii/the-universe/blob/master/scripts/fireflynance.py|this script]] to calculate donation returns this year. Feel free to check it out or make a pull request.
  
-If we receive more donations than we spend, the excess funds will be returned according to an algorithm that tries to minimize the amount of the largest per-person donation. This system is designed so as to incentivize camp members to donate as much as they would be willing to spend on the camp, while ensuring that if the camp later learns it does not need the extra money then it will be returned. Furthermore, among campmates who overdonate, the algorithm will make their donations equal even if they didn't donate equal amounts. 
- 
-As an example: if in a three-person camp with a $200 budget Alice donates $50, Bob donates $100, and Carol donates $150, then Bob will be refunded $25 and Carol will be refunded $75, causing the final donations to be $50 from Alice, $75 from Bob, and $75 from Carol.