Democratic Budget September Quarter Report
Supporting independent media and the arts
September 20, 2022
October South-Eastern Floods: key information
October 14, 2022
As part of our commitment to building a world that is truly run on a one person, one vote basis, here’s our report of income and expenditure for the July-September 2022 quarter.
Income
| Source | Total |
| Energy Locals | $72,706.64* |
| Interest Received | $7.29 |
| Total Income | $72,713.93 |
*This represents a total of five months of payments based on when the income was received.
Democratic Budget Expenditure
| Good Works Spend | Total |
| Pay the Rent | $1,000.00 |
| The Aboriginal Legal Service NSW/ACT Ltd | $257.55 |
| Koori Mail | $1,010.00 |
| Decolonise Sex Work AU | $1,000.00 |
| Antipoverty Centre Administration Funding | $2,000.00** |
| The Bunya Fund: Co-operative Development Fund | $5,000.00 |
| Melbourne Pollinator Corridor | $4,000.00 |
| Climate Resistance & Mobilisations | $1,000.00*** |
| Worker Strike Fund | $2,000.00**** |
| Farm worker support | $1,000.00**** |
| Total Good Works | $18,267.55 |
**An additional $400 was allocated from the carry over spending in recognition of the naming of the project being prejudicial to the vote outcome.
*** Two payments of $500 from two separate donation requests. One was from Climate Emergency Action Victoria Inc (that is XR) and the other was from the Victorian Forest Alliance.
****This support was paid out from carry over funds from the 2020/21 financial year.
| Reinvestment Spend | Total |
| S/W Subscriptions | $172.70 |
| New Economy Network Australia Membership | $330.00 |
| Member-led Org Growth | $1,577.63 |
| Mass Media | $391.32 |
| Digital Capacity | $297.39 |
| Democratic budgeting support | $420.25 |
| Total Reinvestment spend | $3,189.29 |
Net Financial Position
| Income | $72,713.93 |
| Expenditure | $21,456.84 |
| Net quarterly position | +$51,257.09 |
Due to the earlier quarter’s payments being received this quarter, the time taken to set up funding arrangements for the larger scale good works projects, and the fact that we are all volunteers working to set up our systems our spending had lagged income this quarter. This tendency should balance out in future quarters.
Unspent or surplus income is in our Bank Australia account at least doing no evil until it is put to good use.
As we are democratic and non-profit, any surplus accumulated over the course of an entire financial year is to be discussed as part of the next participatory budgeting round.
