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Board Meeting Notes 2021-12-21 (view source)
Revision as of 01:19, 22 December 2021
, 01:19, 22 December 2021no edit summary
: Amanda (Last Name Not Mentioned)
: Amanda (Last Name Not Mentioned)
: Larry Malato
: Larry Malato
: Andrew Wingate
: Books
----> 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.