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 Jaspert | Yes |
| Michael Schultheiss | Yes |
| Jonathan McDowell | Yes |
| David Graham | Yes |
| Jimmy Kaplowitz | Yes |
| Martin Zobel-Helas | Yes |
| Bdale Garbee | Abstain |
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 elected | Name | Role |
|---|---|---|
| July 2007 | Bdale Garbee | President |
| July 2007 | Joerg Jaspert | Vice President |
| July 2009 | Jonathan McDowellSecretary | |
| July 2009 | Michael Schultheiss | Treasurer |
| July 2007 | Luk Claes | |
| July 2007 | Joshua D. Drake | |
| July 2007 | Martin Zobel-Helas | |
| July 2008 | David Graham | |
| July 2008 | Jimmy Kaplowitz |