Special Board Meeting - Approve 2021 Budget

SPECIAL BOARD MEETING MINUTES - MARCH 8, 2021

Meeting Details

  • Date: March 8, 2021
  • Time: 1 PM US Eastern, UTC 1600
  • Location: Remote
  • Call-in: Zoom Meeting

NB: Note one hour later than normal!

Agenda

CALL TO ORDER

Board Members

  • Sherif Mansour
  • Vandana Verma
  • Joubin Jabbari
  • Owen Pendlebury
  • Martin Knobloch
  • Grant Ongers

Guests

  • Andrew van der Stock
  • Tom Pappas
  • Dawn Aitken
  • Kelly Santalucia

Motion to approve the 2021 Budget

“Background: Each year, the Foundation sets a budget to match its operating plan and priorities. This year is slightly different, with a survival mode budget. This budget has the lowest expectation of income and expenses for many years, with the expectation that as the vaccination rollout proceeds, life can start to get back to normal, and we might be able to exceed this budget. If that doesn’t happen, this budget has a very slim profit, and with careful stewardship of our funds throughout the year, there’s every likelihood that we will not make a loss. The major risk is events: the previous events director did not prepare a formal budget, and many of the events had to change. Therefore, we envisage there might be some ad hoc requests for event budgets to allow events to go ahead where the Foundation thinks they will be profitable. The only planned events are LASCON and AppSec Australia, both regional AppSec Days events. Lastly, this budget assumes that there will be finance reform, and therefore makes allowances for limited awards & scholarships, grants, and expenses.
Update: The draft Budget was tabled in the February board meeting after concerns and discussions, and corrections were made in the intervening period with meetings between Kelly Santalucia, Tom Pappas, Grant Ongers, and Andrew van der Stock. This revised budget is conservative in nearly all estimates, with many opportunities to exceed but also risks where income may fall flat. It will be vital that expenses are carefully managed throughout the year. All Board members voted, and the majority selected this time slot by preference, with only one Board member voting “if need be”. The vote will need to be a majority vote (4/7 votes) to pass.”

Motion: “Resolved, the 2021 OWASP Foundation budget is formally approved. Grant Ongers motions, Vandana Verma seconds”

Vote:

  • Martin Knobloch - Yes
  • Grant Ongers - Yes
  • Joubin Jabbari - Yes
  • Owen Pendlebury - Yes
  • Vandana Verma - Yes
  • Sherif Mansour - Yes

Passed: 6-0

NEW BUSINESS

There are no agenda items for new business.

COMMENTS, ANNOUNCEMENTS, AND OTHER BUSINESS

ADJOURNMENT

Adjournment motion

The next general Board meeting is on March 23, at 12 pm US Eastern Time.

  • https://owasp.org/www-board/meetings/202103.html

It is moved, and seconded to adjourn. Those in favor, say aye

Sponsor: Sherif Mansour Second: Martin Knobloch