Board 2007 04

Call the meeting to order

Seamus and RFS will go to First Tech and look into putting our reserve money into more lucrative instruments. - got some brochures, and found "Greg" who can potentially help us
RFS will make the budget available on the wiki - has not yet, but will; is available on the directors list
Marie will make a commitment sheet to help the board in setting fundraising goals. - handouts: pledge sheets for us to fill out.
everyone will update their profile on the wiki - some yes, some no
laurel will update the board profiles on the web page - will update from wiki
wren will introduce and nominate Tim at the council meeting - yup
Seamus, rfs, and Tim will meet about the budget - yes (see budget below)

Developments in conflict of interest policy - met with lawyer about trademark and conflict-of-interest policy; given boilerplate policy that needs editing; still work to do (via email)

Reminder to get current contact info in the FG contact database (see front desk to update)

Budget report & review - generally, budget looks good; we made approx $40,000 in Q1
- Marie asks if proposed budget includes raise; Seamus: yes
- Discuss possibly redistributing extra money we have to staff? Idea: retroactive raise
- Seamus propose we adopt budget as presented, with amendment of making raise retroactive to first of year (approx cost $5200 + taxes); approved!
- Aaron asked about shipping container budget - what to do if containers now cost 50% more than budgeted? response: if cost more than 10% above budgeted amount, must get new amount approved