2005-03-15

This is the proposed agenda for the March 15th, 2005 Board meeting to be held at 19:00 UTC in #spi on irc.spi-inc.org.

  1. Opening
  2. Roll call
    1. Regrets received from Ian Jackson, and Bdale Garbee
  3. President's update (John Goerzen)
  4. Treasurer's report (Jimmy Kaplowitz)
  5. Outstanding minutes (David Graham)
    1. March 1st, 2005
  6. Items up for discussion:
    1. Removal of obsolete or no longer needed resolutions: (John Goerzen)
    2. Motion to remove resolution 2003-03-11.iwj.1
    3. Motion to remove resolution 2004-05-28.dbg.1.iwj.1
    4. Disposition of purcel (Server retired from SPI use, but SPI must officially hand it back over to its sponsor to formalise it)
  7. Next meeting: April 12th, 2005 (John Goerzen)

Treasurer's Report

March 2004 Treasurer's Report

Software in the Public Interest Financial Data
==============================================

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 paid
(not when incurred). Network for Good processing fees are
listed as negative income; the expense category does not
include those because they are subtracted from donations
before we receive them. In the balance sheet, those
processing fees are treated as reducing the net increase in
SPI's unrestricted-earmark funds, which is a change from my
previous report (where they reduced the earmark-TBD funds).

This month I have included an adjustment to the January
profit/loss statement and a correspondingly adjusted balance
sheet. The adjustment of accrued dividends for the AmEx
account will be a commonplace occurrence, given that the
dividends accrue monthly but we receive only quarterly
statements. Suggestions are welcome for ways to avoid the
need to restate each month the preceding month's entire
balance sheet in such cases. This may become moot once we
finish setting up online access for that account.

Profit/Loss Feb 1 2005 - Feb 28 2005

   Ordinary Income/Expense
      Income
        Donations
          Debian                                   3,320.00
          Unrestricted                               105.00
                  Earmark TBD (Replacement NfG Check)      1,591.77
          Network for Good Processing Fees           (80.55)
        Total Donations                            4,936.22

      Total Income                                 4,936.22

      Expense
            Debian
                  DebConf Travel Reimbursements           (3,344.69)
                  Wire Transfer Fees                         (60.00)
                SPI
                  First IB Maintenance Fee                   (10.00)
                  Bookkeeping (Brainfood)                   (146.78)
      Total Expense                               (3,561.47)

   Net Ordinary Income                             1,374.75

   Net Income                                      1,374.75


Balance Sheet as of Feb 28, 2005

   ASSETS
     Current Assets
            First IB Checking
                  Known Debian Earmark                       460.31
                  Known GNOME Earmark                         20.00
                  Known Unrestricted Earmark                 161.67
                  Earmark to be Determined                12,258.78
        Total First IB Checking                   12,900.76

        AmEx Cash Mgmt Acct
                  Earmark to be Determined                39,697.42
                Total AmEx Cash Mgmt Acct                 39,697.42

     Total Current Assets                         52,598.18

   TOTAL ASSETS                                   52,598.18

   LIABILITIES & EQUITY
     Equity
        Retained Earnings                         51,223.43
        Net Income                                 1,374.75
     Total Equity                                 52,598.18

   TOTAL LIABILITIES & EQUITY                     52,598.18

Adjustments to Treasurer's Report for Jan 1 to 31, 2005

  Profit/Loss Report Adjustments Jan 1 2005 - Jan 31 2005

    Ordinary Income/Expense

          Income Adjustments
            Dividend Income
                  AmEx Fin Adv Accrued Dividends              24.85
                Total Dividend Income                         24.85

          Total Income Adjustments                        24.85

          Expense Adjustments
            SPI
                  First IB Maintenance Fee                   (10.00)

          Total Expense Adjustments                      (10.00)

        Net Ordinary Income Adjustments                   14.85

  Adjusted Balance Sheet as of Jan 31, 2005

     ASSETS
       Current Assets
          First IB Checking
                  Known Debian Earmark                       545.00
                  Known GNOME Earmark                         20.00
                  Known Unrestricted Earmark                 294.00
                  Earmark to be Determined                10,667.01
                Total First IB Checking                   11,526.01

          AmEx Cash Mgmt Acct
                  Earmark to be Determined                39,697.42
                Total AmEx Cash Mgmt Acct                 39,697.42

       Total Current Assets                       51,223.43

     TOTAL ASSETS                                 51,223.43

     LIABILITIES & EQUITY
       Equity
          Retained Earnings                       50,349.58
          Net Income                                 873.85
       Total Equity                               51,223.43

     TOTAL LIABILITIES & EQUITY                   51,223.43

- Jimmy Kaplowitz, SPI Treasurer
treasurer@spi-inc.org