[MoF] Finances Summary for Sept
Bank of England
Citizens!
The following report has been compiled summarising income and expenditure of Government accounts (not country accounts) over the past month. The lion’s share of money-movements is between ourselves and TW partners and within the MoD. MoD spending is not reported here as Rory is preparing a full report to be published by the Ministry itself.
It’s been a relatively busy month for the MoF incorporating new Training wars into the mega-spreadsheets and keeping an eye on the income (and so debt) levels fluctuating. A lot of time has been spent streamlining data capture and calculations and has flagged some small errors in handover docs which I’ve highlighted to Huey George so we are on the same page when running calculations (etc) in the future.
What follows is a list of money in and out of Gov ‘functional’ orgs - i.e. the ones used to run Ministries. You can see the balance of any Org, so if you want any links to view them just ask.
Innies:
Donations
Congress donated the following during the CP term:
Bank of England received 7 Donates (2,800,000).
Ministry of Defence 1 Donate (400,000)
Department for Munitions 2 Donates (800,000)
The British Army 2 Donates (800,000)
eUK Home Office 1 Donate (400,000)
International receipts
The following was received from TW partners (occupiers of UK).
Outies:
International Payments
The following was paid to TW partners (occupied by the UK), and concession parties (Spain).
Ministry Spending
The following was spent by Ministries in the undertaking of their duties:
Ministry of Entertainment (20,000 - Games)
eUK Home Office (520,000 - Giveaway)
Bank of England (360,000 - Congress Grants)
MoD et al - full report to be published by MoD.
Other:
Intra-Government Transactions
BoE to Strategic Command (700,000)
MoHA to MoEnt (20,000)
Legion (MM Org) to BoE (1,000,000 - for TW Costs)
Debt Position
This month we made sure to square debts at least once in the term, so as to make sure no more than four weeks of debt was owed from or to us at the point of handing the keys over. As has been reported in Congress, incomes for some of our TW partners have risen dramatically and as we return the income we receive from the rate of debt accrual is rising too. Congress has already approved on its end a payment schedule to make sure these can be paid off over the next four weeks following MoF recommendations.
The current pending payments are:
Our allies who owe us funds for the month have been contacted so monies should be arriving over the next 2-3 days.
All the debts accrued over the month relate to Training War expenses, and can be managed by the new payment schedule or by reserves, as well as 1,036,657 CC in Government accounts (excluding MoHealth). I have been reluctant to ‘dip’ into the reserves for this purpose whilst there was uncertainty about how Congress felt about reserve spending.
As mentioned above anyone can view the balances of an Org, so if you want to check in you can do so! If you’re not sure where to find an org ask myself or my successor and we can provide you with a link.
Thanks for reading,
Mr Woldy (MoF)
Comments
Fantastic work woldy!
Cheers cap. Spreadsheets r fun
o7
hue /o
Thanks for the Finances Summary for September, Mr Woldy o/
lovely stuff here
Hope to see more of this!
Great job. Thank you for sharing it with the citizens.
It all looks very well.
I tried to figure out something so if you can ...correct me.
You say this =Ministry of Entertainment (20,000 - Games)
So why did i get yesterday 40.000 and you only write 20.000? and i am sure many others won a 20.000 prize. It does not add up. Unless the money for the quizzes came from else where.
Yes I see why it isn't clear! Albeit yesterday's giveaway had a game in it, I've taken that cash from the Home Office org under and recorded it is as giveaway, where's the MoEnt games were for the emoji quizzes
my head feels funny, Woldy you absolute LAD
Great job
This is really good work. Thank you for producing it with such diligence.
On the subject of eUK Government controlled orgs - it would be useful if there were a publicly accessible list detailing where each of the orgs can be found, what the role of each is, and which eUK citizens have access to control them.
Just looking at this, are we missing some tax revenues here? If only for the eUK regions occupied by eUK?
Tabular form of https://www.erepublik.com/en/country/economy/United-Kingdom contains details.
Also, when the tax repayments back to foreign countries in which we occupy regions is taken into account, how profitable are these TWs?
Whilst a major part of MIK’s CP campaign was based upon ‘Large numbers of TWs are good’, does the detailed analysis prove this to be correct?
If you take into account the BH, CH and TP gained by players in TW's they are very profitable, as I can attest.
Yes as stated this isn't looking at the UKs income it's looking at money that's moved through gov orgs.
For the training wars all income made from occupying others is returned and likewise we get back all our income that goes elsewhere, this means in terms of tax in/out TWs all break even