Regular Member Meeting 2011 04 12

Note: This page serves as the 2011-04-12 Member Meeting's agenda (before the meeting) and minutes (after the meeting).

Time and Location

April 12, 2011

Meeting called to order at _____ by _____.

Members Present:

Others Present:

Quorum met?

Approval of Previous Meeting's Minutes

Regular Member Meeting 2011 03 08

Director Reports

Treasurer's Report

Membership:

  41 members payed via PalPal

Income:

  Paypal 41 members: $1977.75
  Paypal 2 Friends:         $25.36
  Paypal Donation:           $9.41                         
 ===========================
  Total         $2012.52

One time $900 donation earmarked for a specific project and therefore not counted as income.

Note: $250 in one-time donations collected in March have been deposited and will post to the April accounting cycle



Expenses:

DATE   Description            AMOUNT($)
03/17  Rent / Check #1006     2,526.00
03/02  LINODE.COM hosting        37.45
03/16  State Farm                68.58
03/29  Quickbooks                10.55
========================================
                              $2642.58


Surplus / Loss:
 
  Loss of $630 for March

Financial status:

  As of April 8th (end of rent cycle), HacDC had approximately $3800 in cash reserves.

  Given our current burn rate, we have 1-2 months before we do not have cash reserves required to move to a cheaper lease assuming $500 monthly deficit:
       -- Cash on-hand required to move: expenses of $3000 [1 month overlap of rent: $2000, moving expenses: $500, exiting monthly loss: $500)

New Business

• Possible Benefit at Haydee's
  • Dates: April 26th, 27th, or 28th (Tues, Wed, Thurs)
  • 25%-30% of sales depending on how many people we bring
  • Located on Mt. Pleasant St., (close to Metro, local business, etc.)
  • Delicious (and reasonably priced) food and beer!
  • http://haydees.us/

Space Discussion

What are we going to do?

Adjournment

Adjourned at ____