Yearly Budgets and Updates

All discussions regarding budgeting and expenses consider the timespan of a year. All budgeting and financial discussion consider a period starting every January, and finishing in Decembre of the next year. We refer to this period as “financial year”, with financial year 2025 compromising the time between January 2025 and Decembre 2025, both inclusive.

Adoption Process

For the Association to operate, the annual accounts for the previous financial year and the budget for the following financial year must be submitted to the General Assembly for approval within six months after the financial year closes.

The Board is tasked with adopting a provisional budget before the start of the financial year, and to present it for adoption during the annual General assembly. The Board is responsibly of producing the annual accounts for adoption.

Yearly Updates

After adoption of annual accounts and budget, The Board should publish a blog post updating the community.

Previous blog posts:

• 2026-03-11

• 2025-12-19

• 2025-03-17

• 2024-08-11

Each blog post should explain the income, expenditures, current balance, and a breakdown of entries/categories of the budget for next year