Board Meeting Notes 2021-12-21: Difference between revisions
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: Amanda (Last Name Not Mentioned) | : Amanda (Last Name Not Mentioned) | ||
: Larry Malato | : Larry Malato | ||
: Andrew Wingate | |||
: Books | |||
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----> Doesn't apply to us. | ----> Doesn't apply to us. | ||
--> | --> Larry would like to know why we are running a deficit for the next year in the proposed budget, despite the dues increase. | ||
----> Carl says that last year the trend of consistent budget growth was broken out of abundant caution, but otherwise this is a standard increase. | |||
----> Carl also mentions that the budget is set by the area host's self reported needs. | |||
----> Joe adds that it is up to the membership to decide whether or not this vote makes sense. | |||
--> Larry would like to know about the COVID-EIDL Loan. | |||
----> Carl, Joe and Chris explained the basic version. | |||
----> Chris agrees with Larry that PS:1 is a rabbithole that is easy to get lost in once you fall down it. | |||
----> Larry does not believe we will get a 10% return without risk ("That's bullshit") | |||
----> "I didn't notice when I walked around here that there was a finance department" - Larry | |||
----> Larry believes a 3% return is possible, but that incurring debt without receiving an asset in return is not wise. | |||
----> Larry believes that the outstanding debt could be a liability for soliciting larger potential donors. | |||
----> Carl thinks that building up a safety net is a good reason to incur debt, Joe disagrees. | |||
--> Larry gets nervous when he see's people voting to spend other peoples money. | |||
--> Sky wants to know where are Articles of Incorporation are. | |||
----> Carl and Joe have both seen them in the last two years. | |||
----> Joe believes they are both in the drive and a physical copy in the safe. | |||
----> James has found and shared the original copy. | |||
--> Carl does not think we would need to pay property taxes if we owned our building. | |||
--> Larry talked to Dan last night about what he would take for the building. Dan claimed he turned down a $999,xxx offer. | |||
--> Larry claims Dan said Pumping Station: One has right of first refusal on the building. | |||
--> Carl suggests that if Larry wants to know about mortgage and loan terms, and had the wherewithal to get them, he should go and try to do so. | |||
