Regular Member Meeting 2012 10 09

Time and Location

October 9, 2012

Meeting called to order at 7:xxpm

Members Present:

Others Present: Quorum met?

Approval of Previous Meeting's Minutes

Regular Member Meeting 2012 09 11

Director Reports

Treasurer's Report

Here is the financial summary spreadsheet for Sept 2012: File:HacDC Financials 2012 09.pdf We lost two members in September (Nick Stoler and Sara Peek, who both moved out of the area), added no members, and extended our record to 8 non-paying members - some have probably dropped without telling us, but others have already made up the missing dues. 51 paying members does not meet our regular expenses, but the additional donations are making the difference for now. Next month should be better.

With the start of Project Awesome I have changed my financial spreadsheets around a bit. I am now tracking regular expenses and earmarked Project Awesome expenses separately, and reporting the total amount of earmarks and the net reserve (total cash minus earmarks). This will give a clearer picture of the different flavors of money. For example this month we had ~$400 of expenses from money already earmarked for Byzantium. Including it gives us a $318 loss for the month, but our net available reserve actually increased $77.

Project Awesome

Only one project has been proposed - Project LASER - so it got 100% of the votes for September. However, our net income (earmarked expenses excluded) was only $77. I'd like to put away $100 a month minimum, so I can't declare a project dividend for September. There will be more money available next month so please send out some proposals!

Here is the spreadsheet I'm using to track Project Awesome funding: File:HacDC PA Projects-2012 09.pdf. I have an entry for Byzantium so I can track their earmarked donations, but they won't get a share of the project dividends until they submit a project proposal.

Adjournment

Adjourned at: xx pm