This is an old revision of the document!
Meeting minutes: November 8, 2016
- 9 members in attendance.
- Reviewed minutes from October 11, 2016. Motion to accept withheld until we have quorum.
- Members:
- We currently have 33 full members and 3 associate members.
- Eylon Mogilner cancelled his membership after moving to Melfort. He expects to come back in a year and rejoin.
- Francisco Oltra applied for membership on October 25th and was accepted by the membership committee. Motion to accept withheld until we have quorum.
- Patrick Ridley is 3 months behind on paying dues. In the past, he has paid up after being a few months behind. Board has decided to remind him again and wait another month before taking further action.
- Finances:
- Last month:
- Accounts Receivable at End of Month: $90.00
- Cash on Hand at End of Month: $4,089.31
- Total Equity at End of Month: $16,782.35
- Profit/Loss: -$212.87
- Next month forecast:
- Accounts Receivable at End of Month: $0.00
- Total Assets at End of Month: $16,539.14
- Profit/Loss: -$243.21
- Monthly recognized profit/loss: $163.46
- Notes:
- $90 of current Accounts Receivable is doubtful and is likely to be written off next month.
- Extra $100 of expense last month to Internet installation.
- Francisco paid two months in advance, leading to further discrepancy between accrual basis and recognized monthly profit/loss next month.
- Now that we have a proper basis for income and expenses, James plans to prepare a budget for next month.
