Posts in Finance Reports

OTW Finance: 2019 Budget

2018 was another productive and busy year for the OTW Finance team. We continue to work in the background to make sure that the bills are paid, the record keeping is accurate, and standard accounting procedures are met. Preparations for the 2018 financial statements and audit are also underway! And now, we present the budget for 2019 (access the 2019 budget spreadsheet for more detailed information):

OTW Finance: 2018 Budget Update

Earlier in the year, the Organization for Transformative Works (OTW) published its 2018 budget. With the end of the year drawing closer, we’d like to release an update on our financial activity for the remainder of the year, and how our plans have altered or progressed. Our Finance team continues to track the OTW’s financial activity, prepare financial statements and reports, and ensure compliance with accounting standards and regulations. We’ve worked to improve and document our processes, help the OTW plan its financial future, and are close to concluding the annual audit of our 2017 financial statements. Without further ado, here’s our updated budget for… Read more

OTW Finance: 2018 Budget

2017 was another busy and productive year for the OTW’s Finance team! We’ve continued to improve the efficiency of the organization’s financial policies and adherence to standard accounting practices. We started our first ever audit of financial statements, which concluded in early 2018. You can check out our audited financial statements for 2015 and 2016 on the OTW Finance page. We’re now preparing for the audit of our 2017 financial statements, which should start within a few weeks. Without further ado, here’s our budget for 2018 (download the budget spreadsheet for more detailed information):

OTW Finance: 2017 Budget Update

Earlier this year, the Organization for Transformative Works (OTW) published its budget for 2017. As December draws closer, we’d like to give you an update on our financial outlook for the rest of the year, and how our plans have progressed or changed since a few months ago. Our Finance team is currently preparing for the OTW’s first audit of financial statements, in what we expect will become a regular annual process going forward. Given the size of our organization and our donors’ generosity, it’s important for us to make sure that our bookkeeping and internal controls are as efficient and thorough as they can… Read more

OTW Finance: 2017 Budget

2016 was a busy year for the OTW’s Finance team, and we’re hard at work improving the organization’s bookkeeping and financial policies. Budgeting is another area where we’ve improved in the past few months—especially with regards to collaborating with our various teams to project their likely expenses and accounting for unexpected changes. Without further ado, here’s our budget for 2017 (download the budget spreadsheet for more detailed information):