Board meeting, January 12th, 2011
Board members present
- Bdale Garbee (bdale) (President)
- Joerg Jaspert (Ganneff) (Vice President)
- Michael Schultheiss (schultmc) (Treasurer)
- Jonathan McDowell (Noodles) (Secretary)
- Jimmy Kaplowitz (Hydroxide)
- David Graham (cdlu)
- Martin Zobel-Helas (zobel)
Board members partially present
- None
Board members absent with regrets
- None
Board members absent
- Joshua D. Drake (linuxpoet)
Board advisors present
- None
Registered guests present
- Kåre Thor Olsen (Kaare)
These are the minutes for the January 12th, 2011 SPI Board meeting, held at 20:30 UTC in #spi on irc.spi-inc.org. LOG
President's Report
None
Treasurer's Report
Michael Schultheiss provided the following financial reports for December 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 December 01, 2010 - December 31, 2010
Income
Ordinary Income
aptosid 10.00
Debian 11,362.71
Freedesktop.org 110.00
Gallery 140.00
Open Voting Foundation 20.00
OpenOffice.org 572.00
OpenWrt 22.00
PostgreSQL 5,189.00
Privoxy 100.00
SPI General 1,115.00
SPI 5% 227.10
Tux4Kids 4,730.45
The HeliOS Project 267.00
YafaRay 6,973.43
Total Ordinary Income 30,838.69
---------
Interest Income
Key Bank Money Mkt Savings 1.53
Chase BusinessClassic Checking 0.27
Chase Bus Select High Yield Savings 3.50
Total Interest Income 5.30
----
Gross Income 30,843.99
---------
Expenses
Ordinary Expenses
aptosid
Processing Fees 0.75
SPI 5% 0.50
Total aptosid Exp 1.25
----
Debian
Processing Fees 95.83
SPI 5% 120.60
Travel reimbursement
(DC10) 4,784.68
Travel reimbursement
(GSoC) 1,353.01
Total Debian Exp 6,354.12
--------
Drupal
Donation to OSUOSL 2,735.37
Total Drupal Exp 2,735.37
--------
Freedesktop.org
Processing Fees 5.10
SPI 5% 5.50
Total fd.o Exp 10.60
-----
Gallery
Processing Fees 3.85
SPI 5% 7.00
Total Gallery Exp 10.85
-----
Open Voting Foundation
Processing Fees 1.15
SPI 5% 1.00
Total OVF Exp 2.15
----
OpenOffice.org (OO.o)
Processing Fees 29.33
SPI 5% 28.60
Total OO.o Exp 57.93
-----
OpenWrt
Processing Fees 1.58
SPI 5% 1.10
Total OpenWrt Exp 2.68
----
PostgreSQL
Processing Fees 6.14
SPI 5% 9.45
Transfer to PG.eu 4,000.00
(GSoC)
Travel reimbursement 469.15
Total PostgreSQL Exp 4,484.74
--------
Privoxy
Processing Fees 4.35
SPI 5% 5.00
Total Privoxy Exp 9.35
----
SPI
Copies 0.58
PaySimple Monthly Fee 29.95
Postage 44.30
Transaction Fees 1,178.71
Total SPI Exp 1,253.54
--------
The HeliOS Project
Expense Reimbursement 313.00
Processing Fees 7.43
SPI 5% 13.35
Total HeliOS Exp 287.78
------
Tux4Kids
Travel Reimbursement 1,470.65
Total T4K Exp 1,470.65
--------
YafaRay
Book 119.94
Processing Fees 28.35
SPI 5% 35.00
Total YafaRay Exp 183.29
------
Total Expenses 16,864.30
--------
Net Income 13,979.69
=========
Balance Sheet as of December 31, 2010
ASSETS
Current Assets
Chase BusinessClassic Checking with Interest 34,084.24
Chase Business Select High Yield Savings 27,553.99
Key Business Reward Checking 74,644.10
Key Business Signature Money Market Savings 36,003.39
Ameriprise Cash Mgmt Acct 13,401.62
Total Current Assets 185,687.34
TOTAL ASSETS 185,687.34
LIABILITIES & EQUITY
General and current liabilities 0.00
Equity
Reserves held in trust
aptosid Earmark 45.01
Debian Earmark 27,925.63
Freedesktop.org Earmark 42,442.04
Gallery Earmark 7,227.36
GNU TeXmacs Earmark 45.75
Madwifi.org Earmark 1,445.34
OpenOffice.org Earmark 17,791.53
OpenVAS 45.71
OpenWrt 603.65
Open Voting Foundation Earmark 153.65
OSUNIX 0.56
Path64 9.31
Plan 9 Earmark 6,500.00
PostgreSQL Earmark 29,583.34
Privoxy Earmark 446.50
The HeliOS Project 446.50
Tux4Kids Earmark 8,788.85
YafaRay Earmark 5,205.18
Total held in trust 148,708.63
General reserves 36,978.71
Total Equity 185,687.34
TOTAL LIABILITIES & EQUITY 185,687.34
There was a query around the higher than normal processing fees under SPI, which are related to credit card processing fees. It was suggested this might be due to an end of US tax year charitable bulge. Michael said he'd take a look to see if there was any issue.
Secretary's report
None.
Outstanding minutes
Vote on Meeting Minutes December 8th, 2010
| Bdale Garbee | Yes |
| David Graham | Yes |
| Joerg Jaspert | Yes |
| Jonathan McDowell | Yes |
| Michael Schultheiss | Yes |
| Martin Zobel-Helas | Yes |
| Jimmy Kaplowitz | Yes |
Motion passed with a vote of 7 yes, 0 abstain, 0 missing
Items up for discussion
debian.eu
Nothing further has been heard from the current debian.eu holder, even after the second letter stating we were prepared to initiate the EURid ADR process. Martin suggested he would try ringing the registrant before this process was started.
Adjournment
The meeting was adjourned until Wednesday, February 9th, 2011 at 20:30 UTC in #spi on irc.spi-inc.org.
Appendix A: Current Board Membership
| Last elected | Name | Role |
|---|---|---|
| July 2010 | Bdale Garbee | President |
| July 2010 | Joerg Jaspert | Vice President |
| July 2009 | Jonathan McDowell | Secretary |
| July 2009 | Michael Schultheiss | Treasurer |
| July 2010 | Joshua D. Drake | |
| July 2010 | Martin Zobel-Helas | |
| July 2008 | David Graham | |
| July 2008 | Jimmy Kaplowitz |