[MoF] The Great Big Update!
Ministerie van Economische Zak
It’s finally out! Below will be a blow by blow of what the MoF has done since the last update. We will have info on budgets, training contracts, communes, monetary market, loaning orgs, finance sheet cleanup, and the finance team.
Budgets
https://docs.google.com/spreadsheet/ccc?key=0AmBBdzMqrIBmdHFrNkFfaGtSVjBrcm50YzlhYU9CU3c#gid=2
June 14 we had reasonable expenditures with most of our budget going to MPPs. At the end of the term we ended with a surplus of 12,486cc.
July 14 we invested most of our money into Q7 at my request, totaling 2k Q7 under my account. I now see that this was an error on my part as Q7 prices have actually decreased the past month and a half. The main explanation I can give is that with the introduction of the housing market we saw a huge surge of money being taken out of Q7 and invested into houses. This caused the demand for Q7 to go down and prices to drop since all the money shifted to houses. Our surplus was 3405.63cc with 2k Q7 on reserve.
August 14 we have seen no expenditure. Our surplus/budget is 30466.75cc.
Training Ground Subsidy
https://docs.google.com/spreadsheet/ccc?key=0AmBBdzMqrIBmdHFrNkFfaGtSVjBrcm50YzlhYU9CU3c#gid=17
Unfortunately congress decided to block this program because it was not up to their standards. A new program is being worked on here: http://www.enetherlands.nl/viewtopic.php?f=27&t=12709&start=40
Communes
https://docs.google.com/spreadsheet/ccc?key=0AmBBdzMqrIBmdHFrNkFfaGtSVjBrcm50YzlhYU9CU3c#gid=19
I have requested Dave Brinkman to increase Q7 to 5 per day. I will be frank with you all: Dave Brinkman is very difficult to communicate with. Between both of our busy schedules and a general issue of communication from ingame messages, it has been difficult to coordinate the commune. I have tried every few days to contact him on irc, but I have only gotten a response once and I wasn’t available at that time.
The good news is that Heikanu is now almost stocked up on enough gold to transfer a new Q7 factory to him. When this happens we can double our commune workers and will have at least a 5Q7 a day deal for all workers.
Monetary Market
https://docs.google.com/spreadsheet/ccc?key=0AmBBdzMqrIBmdHFrNkFfaGtSVjBrcm50YzlhYU9CU3c#gid=20
We have earned 18,530.95cc to date since we started the program. This is roughly the equivalent of 50% of our monthly budget. Total time elapsed is 48 days. Currently the market is poor, so we are not taking any risks, but I expect more profits on the way.
Weekstrom is also still using his citizen program to make citizens money. I would chat with him if you are interested in earning more money. We may end up granting him an extra org to benefit all our citizens.
Loaning Orgs
http://www.enetherlands.nl/viewtopic.php?f=27&t=12733
I have contacted two trusted MU leaders about loaning an org for 25% of their 10 day profits on the MM. Right now I have one of the MU leaders slotted for controlling an org on the 6th. This program is expected to gain us increased revenue with zero risk.
My next program is to start loaning money out to MUs that are also part of our org program with the hopes of making Netherlands more money. Considering out strongest suit is finance, I want to see us become a world bank so to say. This will take a considerable amount of time to process and work out, but I am hopeful.
Also, check out Trannsvaal’s new program: http://www.erepublik.com/en/article/-nl-issue-money-program-first-cycle--2439802/1/20 As the expected new MoF he is already doing a stellar job.
Finance Sheet Cleanup
https://docs.google.com/spreadsheet/ccc?key=0AmBBdzMqrIBmdHFrNkFfaGtSVjBrcm50YzlhYU9CU3c#gid=16
I have cleaned up the finance sheet of all unnecessary information and uploaded it to an archive sheet. The sheet was overloaded with too much information and that made it difficult to load and accept new figures. Along with getting rid of old material, I have added many new tabs and organized as I could to make it easier for citizens to review.
The Finance Team
I have added both Walhallah and Fosite to the finance team. Both of them have been an enormous help with Walhallah managing the Gold Donations tab, which finances our communes, and Fosite managing the Accounts tab, which records our money and general finances.
Both of them are very active and dedicated, but most importantly, they are methodical. With my decreased activity and general hectic schedule, they have both been a lifesaver. Without both of them it is quite possible our finances could be in the drain.
A big thank you to Fosite and Walhallah, and I hope this update had been helpful to everyone.
Minister of Finance
Aries Prime
Secretary of Finance
Fosite
Walhallah
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Comments
OMG is it even safe to publish numbers on the MM profits? I was told it had to be kept extremely confidential by the vS/Weekstorm finance crew.
I don't think they ever gave really convincing reasons why the information should be kept secret...
I'm glad the MoF now is open about this.
At the moment, by the way, selling CC at 0.007 gold/CC is guaranteed profit. If anyone bothers to buy of course.
o7
To be clear. Congress blocked your program, because you did not asked Congress for permission. You never proposed it to Congress. Please do not bend the truth, mister MoF.
Besides that, you're doing a fine job!.
Clearly we have a difference in principle.
I don't believe in congress having to approve every program that goes into play. They can certainly block something if they don't like it, which was done, but otherwise they should stick to making laws, which they are already poor at doing.
Thats clear! We differ. 😉
Seeing all this.. wow great job Aries, Walhallah, Fosite and all those I may have forgotten who worked on this! Truly great work!
Thanks for the compliment Chief, altho I wish I would and could have done more.
o7
Great Job!
Is it just me or are more people wondering why the profit made on the MM was so low?
If I read the sheet correct the MoF used around 400k on the MM and made 18.5k profit. In that was a loss the last period which is very strange. As described in the sheet itself due to the fact prices dropped below 1000/6cc per gold bar. The only reason why that could happen is not paying attention and/or being able to feel what's happening in the game. A very risky situation if you ask me to let a MoF who seems not capable of doing that act on the MM. And as MoF's change often I therefore wonder why the MM program is done by the MoF and not by someone who actually is able to act right onm sitiuations happening.
I have no clue on how it was when Weekstrom did it as I never followed it nor do I visit forum wher no doubt will be more info. The reference I have is the program he's running for us citizens where is referred to as well in the article. That program made way more profit in the same amount of time with less money invested (about 40% which would have resulted in roughly 150k profit if the MoF showed the same performance as Weekstrom did) Only conclusion I can make of it is that our MoF actually did a very poor job on the MM.
And by the looks of it on the weapons market as well by gambling on the rise of prices. A rise caused by a tournament if I'm not mistaken and happening everytime there is a tournament.
Sorry to be so harsh, but as a MoF I'd say you failed badly...
To be more precise; The profit Weekstrom managed to make for me was 46,8% during that same timeframe...
Sounds impressive. Shame i couldn't participate, but I think that will change within a few weeks 😃
wow, that was in great detail...