Since we have been accepting financial contributions from our community, we would like to present a financial update, so as to showcase where those funds are used and why.

This is the first financial post we are presenting but we intend on making a habit of this and have a post for each year to keep the community and our financial contributors informed on where the project stands.

You can always check the status of our finances in our Open Collective or GitHub Sponsors pages at any time.

Overview

In short we have a good amount of funds available to us. We are also very stingy on where we spend it. As of today, our balance is 14,896.40 USD. The money is used primarily to sponsor development (Phalcon and Zephir) and purchase services that we need (for instance email service etc.). In the future we might consider sponsoring travel or conferences of core members, but that is not set yet.

In Detail

For the information below, net income reflects the money that are available for the project, while collected reflects the money that has been paid by contributors. The difference is to cover the fees of Open Collective as well as Credit Card processors etc.

All amounts are in USD.

2017

Income

Net	Collected
892.53	1,035.00

Expenses

Date	Type	USD	Description
2017-03-10	Software	142.62	VMWare Fusion License for Phalcon Box

2018

Income

Net	Collected
8,692.58	10,171.00

Expenses

Date	Type	USD	Description
2018-05-06	Design	262.50	Theme/Logo Design for Forum
2018-05-21	Design	315.00	Fiverr - Convert PSD design to HTML/JS

2019

Income

Net	Collected
4,530.15	5.360.56

Expenses

Development

Date	Type	USD	Description
2019-12-05	Development	350.00	Rector and v4
2019-12-12	Development	100.00	Zephir Bug fixes/Feature work
2019-12-05	Development	485.00	DevTools, Migrations
2019-11-13	Development	352.00	DevTools
2019-11-07	Development	100.00	Bug fixes/Feature work
2019-11-01	Development	92.00	DevTools
2019-10-24	Development	424.00	DevTools
2019-10-10	Development	40.00	REST API
2019-09-26	Development	120.00	Vokuro v4
2019-09-12	Development	150.00	Vokuro v4
2019-09-05	Development	200.00	Vokuro v4
2019-08-27	Development	165.00	Vokuro v4
2019-08-22	Development	25.00	Vokuro v4
2019-08-02	Development	100.00	Zephir Bug fixes/Feature work
2019-07-05	Development	100.00	Zephir Bug fixes/Feature work
2019-06-14	Development	100.00	Zephir Bug fixes/Feature work
2019-05-09	Development	100.00	Zephir Bug fixes/Feature work
2019-03-28	Development	100.00	Zephir Bug fixes/Feature work
2019-02-28	Development	100.00	Zephir Bug fixes/Feature work

Operations

Date	Type	USD	Description
2019-08-22	Web services	93.00	Email for phalcon/zephir
2019-08-22	Web services	200.00	Phalcon.io
2019-08-22	Web services	89.00	PHPStorm License
2019-05-19	Competition	307.85	April Bugfest T-shirts
2019-01-31	Web services	600.00	Comment service in documents and blog