2008 AGM

AGM November 10, 2008

Phoniex Office, UBC-O Campus 3 pm

Members in Attendance:
Community: Cam, Rob
Students: Alex, Robin, Amberyl, Kiran
Quorum: 6 of 20 paid members (Bylaws need 10%)
Call Meeting to Order: By Rob
Approve Agenda: Approved
Financial Report: Balance Sheet Presented by Cam

Campus-Community Radio Okanagan Society Balance Sheet

Nov 1st, 2008

ASSETS

Current Assets

Bank $547.99 October 31 2007 Bank Statement

2007 Rockanagan CD $100.00 100 CDs. Each CD $1(96 cents labels and covers + shipping?).

Total Current Assets $647.99

Fixed Assets

COAX LMR400 $180.05

Total Fixed Assets $180.05

Intangible Assets

Domain Registry $0.00 January 15 2009 expires

Arts Council Membership $50.00 Paid up to March 31 2010 (amortized to 50% first value)

Total Intangible Assets $50.00

TOTAL ASSETS $878.04

LIABILITIES

Current Liabilities

Debt- Cameron Baughen $1,458.91 Incorporation, Arts Council Membership, NCRA pay back and Rockanagan CDs

Total Current Liabilities $1,458.91

Long-term Liabilities $0.00

TOTAL LIABILITIES $1,458.91

SOCIETY_EQUITY -$580.87

TOTAL LIABILITIES AND EQUITY $878.04

Note: $250 moved to UBC-O Endowment Fund. $400 Arts Council Central Okanagan grant mistakenly placed in UBC – O Student Radio Club Account

Cam noted that if the $250 in the Endowment Fund and $400 placed in the Student account were placed against the liabilities CIRO would be in a near identical financial position to last year. The debt was paid out to Rob and Sarah and Cam is the sole person in debt. With costs and revenue 7 Blocks of Busking ended up costing less than $100 for the radio station and festival to the society. Revenue continues to trickle in from the sale of CDs, fees and fundraisers.

Report Directors: There was a general discussion about what was accomplished and the direction to take in 2009.

Vote for following Board positions:
All positions accliamed:
Bud Mortenson (Appointed UBC-O administration)
Robert Chavarie (Appointed UBC-O students union)
Alex Lingnau (Student Radio Club President)
Cameron Baughen (Community Rep)
Rob Madu (Community Rep)
Robin Marshall (Community Rep and also UBC-O Student)
Amberyl Carter (UBC-O Student Rep)

Time of Adjournment: 4:00 p.m.