19:36:48 <unknown_lamer> #startmeeting
19:36:48 <hcoop-meetbot> Meeting started Sat May 11 19:36:48 2019 UTC.  The chair is unknown_lamer. Information about MeetBot at http://wiki.debian.org/MeetBot.
19:36:48 <hcoop-meetbot> Useful Commands: #action #agreed #help #info #idea #link #topic.
19:36:52 <unknown_lamer> #topic attendance
19:37:02 <unknown_lamer> if you are an hcoop member and present please write "#info $hcoop_username"
19:37:06 <unknown_lamer> #info clinton
19:37:11 <pronovic> #info pronovic
19:37:28 <keverets> #info keverets
19:37:55 <bkhl> #info bkhl
19:38:00 <unknown_lamer> works for me
19:38:04 <unknown_lamer> #topic agenda
19:38:07 <unknown_lamer> #info agenda is at https://wiki.hcoop.net/IrcMeetings/20190511
19:38:13 <unknown_lamer> #topic elect board members
19:38:30 <unknown_lamer> nominations for president are open, I nominate pronovic, anyone want to second?
19:38:45 <bkhl> Second.
19:38:49 <unknown_lamer> perfect
19:39:00 <unknown_lamer> quick recap on voting: #info +1 if you vote for, #info -1 if you vote against
19:39:10 <unknown_lamer> #info vote: pronovic as president
19:39:11 <unknown_lamer> #info +1
19:39:15 <pronovic> #info +1
19:39:16 <bkhl> #info +1
19:39:19 <keverets> #info +1
19:39:35 <unknown_lamer> #agreed pronovic is elected president
19:40:08 <unknown_lamer> alright, nominations for secretary, I nominate keverets as he was secretary last year and did a good job at it imo, a second?
19:40:13 <pronovic> second
19:40:30 <unknown_lamer> #info vote: keverets as secretary
19:40:32 <unknown_lamer> #info +1
19:40:36 <pronovic> #info +1
19:40:37 <bkhl> #info +1
19:41:02 <unknown_lamer> keverets: just to make sure, you're ok with this or ?
19:41:44 <keverets> yes, I'm good with it
19:41:47 <unknown_lamer> perfect
19:41:53 <unknown_lamer> #agreed keverets is elected secretary
19:42:08 <keverets> oh, I guess I could vote for myself. Didn't think of that
19:42:16 <unknown_lamer> no shame in voting for yourself :)
19:42:46 <unknown_lamer> and finally, treasurer. I have access to the bank account / paypal / stripe and am fine continuing with this, and also have a couple of outstanding projects... (mainly: need to get all of the bills that weren't entered in years past in before I want to fence this on someone else)
19:42:53 <unknown_lamer> therefore I nominate myself
19:42:56 <unknown_lamer> second?
19:43:08 <bkhl> Second.
19:43:14 <pronovic> yes, continuity is good
19:43:23 <unknown_lamer> #info vote: clinton as treasurer
19:43:25 <unknown_lamer> #info +1
19:43:27 <pronovic> #info +1
19:43:29 <keverets> #info +1
19:43:29 <bkhl> #info +1
19:43:35 <unknown_lamer> #agreed clinton is elected treasurer
19:44:09 <unknown_lamer> #action unknown_lamer  will assist keverets with filing directories change form with pennsylvania this week
19:44:19 <keverets> appreciate the assistance :)
19:44:44 <unknown_lamer> keverets: I just have to double check if we have an account or if every secretary needs to set up their own like with the irs e-postcard stuff
19:45:06 <unknown_lamer> #action unknown_lamer will grant pronovic permission to post to hcoop-announce after the meeting
19:45:23 <pronovic> thanks.  that would seem to be a requirement of my new position. )
19:45:58 <unknown_lamer> then you can send the notice of who the new officers are to -announce
19:46:06 <unknown_lamer> alright, and a quick financial status report
19:46:09 <unknown_lamer> #topic financial status
19:46:34 <unknown_lamer> #info we have $2057.32 on hand ($1995.88 in our bank account and $61.44 in paypal)
19:46:54 <unknown_lamer> #info monthly expenses are ~$265 per month (might be slight variation month to month)
19:47:07 <unknown_lamer> #info monthly dues are $560 (one member left after our last dues run)
19:47:17 <unknown_lamer> #info monthly net is $294.90
19:47:38 <unknown_lamer> #info We have in theory around a $2428.54 deficit between member balances and actual cash on hand
19:48:05 <unknown_lamer> #info at the current difference between dues and expenses, it will take 9 months for the deficit to be erased
19:48:07 <unknown_lamer> that's about it
19:48:16 <pronovic> so, for the member deficit...
19:48:26 <pronovic> that means that we've pre-spent money that was paid in by members?
19:48:33 <keverets> is the cogeco/peer1 debacle closed?
19:48:47 <unknown_lamer> yes, peer1 gave us no leniency and took the full amount a couple of months ago
19:48:55 <unknown_lamer> which was covered by members + a couple hundred by me
19:49:40 <unknown_lamer> pronovic: we worked up a deficit over the course of a couple of years when dues dipped below colo expenses
19:49:49 <pronovic> got it
19:50:10 <unknown_lamer> which is what led to the last board making the decision to switch to virtualized hosting, no real option at current membership levels. I think it has worked out so far.
19:50:20 <pronovic> yes, seems like the right choice
19:50:48 <unknown_lamer> once the deficit is worked out, I think we'll want to build a reserve fund and then consider dropping dues, but that won't be until the next board term based on current projections
19:50:57 <pronovic> right
19:51:16 <unknown_lamer> in any case, assuming there's no mass member exodus, we are stable for the forseeable future
19:51:42 <unknown_lamer> that's it for me, anything anyone else wanted to discuss or should be we call it?
19:51:54 <pronovic> I don't have anything else right now
19:52:05 <keverets> that's good for me
19:52:13 <bkhl> Ditto.
19:52:24 <unknown_lamer> works for me
19:52:25 <unknown_lamer> #endmeeting