Please note that the 2013 revenue and expense figures are based on estimates and we'll provide the final numbers in early 2014.
2013 Revenue (Estimate)
- Income from 173 organizations representing 22 countries = $340,000
- Total 2013 revenue (including CUL and Simons) = $765,000
2013 Expenses (Estimate)
- Projected (December 2012) = $575,000
- Mid-year adjustment = $544,000
- December 2013 projection = $500,000 (requires CY/FY alignment in early 2014)
2014 Expense Projection
- $647,000
2014 Revenue Projection
- $755,000
Reserve Projection
- 2010-2012 = $109,000
- 2013 projection = $265,000
- Total estimate for 2010-2013 = $374,000
- Reserve Policy
Note: Cornell's operation is based on a Fiscal Year (FY) budget (July 1-June 30). Therefore, the final Calendar Year 2013 figures for arXiv expenses, revenue, and surplus may need to be slightly adjusted in mid-2014 based on the reconciliation of the FY and CY accounts.