simplify description of fiscal host

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2026-09-03 15:21:18 -04:00
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@@ -16,18 +16,9 @@ The Federation agrees on Budget items as large decisions that must pass a resolu
## Sending and receiving money
It's slightly complicated, because money is complicated, but here's how it works. There are two moving parts:
Money is managed through The Co-op Cloud Open Collective account. Platform 6 is [the fiscal host](https://docs.opencollective.com/help/fiscal-hosts/fiscal-hosts) for the Co-op Cloud Open Collective account.
* The Co-op Cloud Open Collective
* The Autonomic Wise account
Autonomic is [the fiscal host](https://docs.opencollective.com/help/fiscal-hosts/fiscal-hosts) for the Co-op Cloud Open Collective (OC).
OC helps us make all expenses and transfers transparent to the Federation. No actual money is handled via the OC interface. All payments are done via the Autonomic [Wise](https://wise.com) account. The total sum of the available funds shows on the OC page is the actual amount that is held in the Autonomic Wise account.
Autonomic Co-op members commit to support the federation by doing the financial adminstration work for the time being. Autonomic is publicy registered, has a bank account, files taxes etc. All financial comings/goings are kept on the books internally at Autonomic. This could be further mutualised or another collective could pick this up in the future.
Autonomic does not eat the transfer costs from the Wise account when paying out expense for members. That is charged to the Federation common fund.
Transactions are submitted through Open Collective, approved by the Federation and paid out by our fiscal host.
### How to get paid via Open Collective