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Finance Report

Discussion in 'Developer Ramblings' started by joshwenke, Jun 13, 2016.

  1. joshwenke Active Member

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    I spent a few hours over the last few days compiling receipts and getting the numbers down for our expenses and income.

    If you want a tl;dr, we've been doing fantastic over this last year. We had a rough time over the summer, but never really went too far into the negatives. We've come out of this period with a couple hundred in savings just in case.

    At this point, I've spent pretty much all the money I've needed to on server upgrades and stuff like that. We have a solid contract with our ISP and colocation center, and we have more than enough hardware capacity to last us the next 1-2 servers we add. I've been paying close attention to the numbers and making sure we don't spend more than we have, and definitely making sure we don't have any reckless spending. I haven't had to pay much out-of-pocket, as the server is basically paying for itself. This is good because it means I can work consistent hours and have more time for Cobalt.

    From here, I'm hiring someone to develop a new server for us as I simply don't have time to work on big new projects. You'll see that secret server come out in a month or two. And the best part is that because I'm not the one working on it, it will actually come out when I say it will. (As you know, my estimates of times are usually not very good, if you've been paying attention to Clash's release date.)

    In the future, I would like to make a shift towards paying our developers/staff for the time they spend working for Cobalt. They do a lot behind-the-scenes (developers), and in-front-of-the-scenes (admins) and definitely need to be rewarded for it. I'll let you know what this would look like in the future, and we'll have a server-wide vote. Just keep it in mind for the future.

    If you have any questions about the document or any line-item, please email me at support at cobalt-mc dot com. If you can't open the file, let me know if you'd like it in another format. If you have Excel, you can open it up to see some comments and the math behind some of the numbers.
    Finance.png

    Attached Files:

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  2. Elitis Experienced Member

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    Wait what do you mean you are hiring someone new to make another server? Is it going to be some coder guy we don't know or one of the current developers?
  3. joshwenke Active Member

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    It's an outside person I know who is good at coding who has a passion for this stuff. I'll give you more details later :)
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  4. mbcx2 Well-Known Member

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    I never knew Cobalt was this transparent, I love transparency and free software (open-source, not shareware) and because of that I do not use Windows products. And your Excel file opens beautifully on Ubuntu with LibreOffice, the notes and everything appears wonderfully.
    I more than appreciate something like this being published, it is sad that your net worth is low, I hope you can get more donations. Keep up your good work, I hope you can reach somewhere.
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  5. joshwenke Active Member

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    I am hoping that this document will provide some more transparency. Some people really questioned our use of funds last summer, so I wanted to make sure that we were being clear about everything. If you have any questions about finance stuff you can always email me.

    I don't actually want or need money from the server. I work to make money, Minecraft is just a fun hobby for me. Without it I would be bored! The profits are probably a bit higher than what I've shown on there, but I haven't really been keeping track of that too much. Pretty much any extras go into savings.
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  6. Brad_the_Rad Experienced Member

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    Mods get no love :eek::p
  7. Elitis Experienced Member

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    "I love you, You love me!" Have you seen barney?
  8. mbcx2 Well-Known Member

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    I did, I replaced "love" with "hate", although I was a positive person when I was young. I hated it. Even worse, teletubbies, especially when my English was too poor I did not understand what in the world were they saying.
  9. Brad_the_Rad Experienced Member

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    Please keep this thread on topic.
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