Board Meeting, June 9th, 2010

Board members present

  • Bdale Garbee (bdale) (President)
  • Joerg Jaspert (Ganneff) (Vice President)
  • Michael Schultheiss (schultmc) (Treasurer)
  • Jonathan McDowell (Noodles) (Secretary)
  • David Graham (cdlu)
  • Jimmy Kaplowitz (Hydroxide)
  • Martin Zobel-Helas (zobel)

Board members partially present

  • None

Board members absent with regrets

  • Joshua D. Drake (linuxpoet)

Board members absent

  • Luk Claes (luk)

Board advisors present

  • None

Registered guests present

  • Kåre Thor Olsen (Kaare)
  • Julien Cristau (jcristau)
  • Bill Allombert (yp17)

These are the minutes for the June 9th, 2010 SPI Board meeting, held at 20:00 UTC in #spi on irc.spi-inc.org. LOG

President's Report

None

Treasurer's Report

Michael Schultheiss provided the following financial reports for May 2010:

This report uses a cash-based method of accounting, recording donations
when deposited (not when the check was written or received by us) and
recording expenses when sent or scheduled for payment (not when
incurred).

Income Statement
for the Period May 01, 2010 - May 31, 2010

 Income
   Ordinary Income
        Debian                          41,199.65
        FreeDesktop.org                    160.00
        Gallery                            125.00
        OpenOffice.org                   1,056.00
        PostgreSQL                         120.00
        Privoxy                             55.00
        SPI General                      1,103.77
        SPI 5%                             148.53
        The HeliOS Project                 580.53

        Total Ordinary Income           44,548.48

                                        ---------

   Interest Income
        Key Bank Money Mkt Savings           2.35
        Chase BusinessClassic Checking       0.11
        Chase Bus Select High Yield Savings  3.81

        Total Interest Income                6.27
                                             ----

   Gross Income                         44,554.75
                                        ---------

 Expenses
  Ordinary Expenses

        Debian
          DC10 DayTrip Deposit  1,003.50
          ftp-master.d.o       17,051.35
          Processing Fees         242.51
          SPI 5%                   46.20
          Travel Reimbursement  5,472.59

          Total Debian Exp     23,816.15
                               ---------

        FreeDesktop.org
          Processing Fees           7.10
          SPI 5%                    8.00

          Total FD.o Exp           15.10
                                   -----

        Gallery
          Processing Fees           3.44
          SPI 5%                    6.25

          Total Gallery Exp         9.69
                                    ----

        OpenOffice.org (OO.o)
          Processing Fees          37.99
          SPI 5%                   53.55

          Total OO.o Exp           91.54
                                   -----
       =20
        PostgreSQL
          Processing Fees           4.44
          SPI 5%                    6.45
          T-shirt Design          200.00
          Travel Reimbursement     62.67

          Total PostgreSQL Exp    273.56
                                  ------


        Privoxy
          Processing Fees           2.55
          SPI 5%                    2.75

          Total Privoxy Exp         5.30
                                    ----

        SPI
          PaySimple Monthly Fee    29.95
          Postage                  10.00
          Transaction Fees        108.24

          Total SPI Exp           148.19
                                  ------

        The HeliOS Project
          Expense Reimbursement   388.14
          Processing Fees          24.97
          SPI 5%                   29.03

          Total HeliOS Exp        442.14
                                  ------


        Total Expenses         24,801.67
                               ---------

        Net Income             19,746.81
                               =========


Balance Sheet as of May 31, 2010

   ASSETS
     Current Assets
        Chase BusinessClassic Checking with Interest      18,800.13
        Chase Business Select High Yield Savings          33,230.93
        Key Business Reward Checking                      47,117.13
        Key Business Signature Money Market Savings       50,506.87
        Ameriprise Cash Mgmt Acct                         13,401.62

     Total Current Assets                                163,056.68


   TOTAL ASSETS                                          163,056.68


   LIABILITIES & EQUITY

     General and current liabilities                           0.00

     Equity
        Reserves held in trust
           Debian Earmark                    54,072.95
           Drupal Earmark                     2,650.00
           Freedesktop.org Earmark            2,203.98
           Gallery Earmark                    6,876.52
           GNU TeXmacs Earmark                    9.70
           Madwifi.org Earmark                1,390.88
           OpenOffice.org Earmark            13,177.07
           OpenWrt                              355.81
           Open Voting Foundation Earmark        90.09
           Plan 9 Earmark                     6,500.00
           PostgreSQL Earmark                30,640.34
           Privoxy Earmark                      318.40
           The HeliOS Project                  (112.95)
           Tux4Kids Earmark                   5,529.05
           YafaRay Earmark                      143.78

        Total held in trust                              123,845.62

        General reserves                                  39,211.06


     Total Equity                                        163,056.68

   TOTAL LIABILITIES & EQUITY                            163,056.68

Secretary's report

None

Outstanding minutes

Vote on Meeting Minutes May 19th, 2010

Joerg JaspertYes
Michael Schultheiss Yes
Jonathan McDowellYes
David GrahamYes
Jimmy KaplowitzYes
Martin Zobel-HelasYes
Bdale GarbeeAbstain

Motion passed with a vote of 7 yes, 0 abstain, 0 missing

Any other business

There was again some discussion of our forthcoming election, in July. There are 5 seats up for re-election and nominations open on 1st July.

Adjournment

The meeting was adjourned until Wednesday, July 14th, 2010 at 20:00 UTC in #spi on irc.spi-inc.org. This will also be the Annual General Meeting.

Appendix A: Current Board Membership

Last electedNameRole
July 2007
Bdale GarbeePresident
July 2007
Joerg JaspertVice President
July 2009
Jonathan McDowellSecretary
July 2009
Michael SchultheissTreasurer
July 2007
Luk Claes
July 2007
Joshua D. Drake
July 2007
Martin Zobel-Helas
July 2008
David Graham
July 2008
Jimmy Kaplowitz