TheLab.ms Wiki

This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong.
Board Meeting Minutes Summary: November 2024

External Engagement and Events

* **Fin Con:** The board decided not to run a room at Fin Con, deeming it "too much." This decision was influenced by the poor quality of the room provided in the previous year. The overall sentiment is that multi-day conventions are "dying a very slow death."
* **System Familiarity:** A need was expressed for the rest of the board to become more familiar with the back-end systems used for signing up members. Scheduling a separate time for this is preferred, as there isn't enough time during combined meetings.

Leadership and Roles

* **New Officers/Area Hosts:** The agenda included discussions about the need for new officers and a new area host.

Financial Overview (August, September, October)

* **August:**
    * Revenue: ~$4,600 (specifically, $4,600 in change, almost $4,700).
    * Expenses: ~$3,400 (specifically, $3,400 in change).
    * Net Increase: ~$1,200.
* **September:**
    * Revenue: ~$7,000 (specifically, $7,003).
    * Expenses: ~$3,500 (specifically, $3,500 in change).
    * Net Increase: ~$3,500.
* **October:**
    * Revenue: ~$5,500.
    * Expenses: ~$3,900.
    * Net Increase: ~$1,500.
* **Overall Financial Health:** The organization has managed to be net cash profitable without a formal budget, indicating growth and an increase in the "nest egg" to achieve a safer financial position.
* **CTO Budget Item:** The CTO presented a budget item for a new internet connection at $72.95 per month, which falls within an acceptable financial boundary for this type of expenditure.