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| meeting:october_11_2016 [2016/10/12 01:47] – created reveng | meeting:october_11_2016 [2016/11/09 00:05] – reveng | ||
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| * Reviewed minutes from August 9, 2016 and September 13, 2016. Accepted unanimously. | * Reviewed minutes from August 9, 2016 and September 13, 2016. Accepted unanimously. | ||
| * Members: | * Members: | ||
| - | * '' | + | * We currently have 35 full members and 4 associate members. |
| + | * David Martin and Jack Vu have suspended payments, but plan to renew soon. | ||
| + | * JS Gauthier and Jordan Yowarski have cancelled payments and are not expected to renew. James motioned to revoke their membership. Motion passed. | ||
| + | * Ken Elliott has not paid since May 30 and I am unable to contact him, since his contact email appears to be invalid. James motioned to revoke his membership. Motion passed. | ||
| + | * Devon Plett has informed us that he no longer wishes to be a member, thereby terminating his membership. | ||
| + | * Andrew Roth applied for membership and has been accepted by the committee. James motioned to have the acceptance of his membership application ratified by the membership. Motion passed. | ||
| + | * Rylan informed James that Arden will no longer be renting an office, but Erik will be, and Arden will be sharing it with him. James still needs to discuss with both Arden and Erik to confirm. | ||
| * Finances: | * Finances: | ||
| - | * '' | + | * Last month: |
| + | * Accounts Receivable at End of Month: $360.00 | ||
| + | * Cash on Hand at End of Month: $4,032.18 | ||
| + | * Total Equity at End of Month: $16, | ||
| + | * Profit/ | ||
| + | * Forecast next month: | ||
| + | * Accounts Receivable at End of Month: $360.00 | ||
| + | * Cash on Hand at End of Month: $3,966.07 | ||
| + | * Minimum Cash on Hand: $2,172.08 | ||
| + | * Total Assets at End of Month: $16, | ||
| + | * Profit/ | ||
| + | * Monthly recognized profit/ | ||
| + | * Notes: | ||
| + | * We purchased the laser cutter from Peachy Printer, which satisfies our obligations to Rob Phillips for his pledge of $10,000. | ||
| + | * We spent $1173.21 on renovations, | ||
| + | * We raised a total of $1201.92 through our fundraising campaign to cover our moving expenses. | ||
| + | * Our minimum balance is strong due to prepayments from Scott Walde and John Tumbach. | ||
| + | * Including the monthly recognized amounts from the prepayments from Scott and John, we expect a $200/month profit. On cash and accrual bases, we expect a $66 loss next month. | ||
| + | * Forecasts do not include members who have cancelled subscriptions or are significantly | ||
| + | * In order to remain sustainable, | ||
| * Social activities: | * Social activities: | ||
| * John is unavailable to hold the soldering workshop this month (busy). Hoping to hold it in November. | * John is unavailable to hold the soldering workshop this month (busy). Hoping to hold it in November. | ||
| - | * No news on Rylan' | + | * No news on Rylan' |
| * Albert still planning to do the CNC machining and milling workshops. | * Albert still planning to do the CNC machining and milling workshops. | ||
| * Scott still planning to eventually hold a soap making workshop. | * Scott still planning to eventually hold a soap making workshop. | ||
