Approval of Minutes of May 5, 2009, Regular meeting
Todd Cory made the motion to approve. Jim De Pree seconded. Motion carried.

Public comment: None

Reports:
Executive Director – Audra Gibson
Operations and Programming – Kathy Blevins
Technical Director – John Cumming
Financial Report – Submitted in absentee - Barbara Dillmann
COS Liaison – None

Ad Hoc Committees
Board Recruitment Committee: Recruitment is ongoing.
Visioning Committee: Greg Messer will forward input to COS President Randy Lawrence.
Tech Committee: Scheduling a meeting for next week to discuss asset replacement plan and upgrade to HD systems.

OLD BUSINESS
Board Policies 3 - Jim De Pree made motion to approve. Todd Cory seconded. Motion carried.
Approval of Board Policies 6, 17, 18 tabled to future meetings. Gift Acceptance policy to be considered first.

NEW BUSINESS
Finance Committee Report: Budget and Profit and Loss Report 2009/2010.
Business Metrics Committee Formed – Jim De Pree, John Cumming and Greg Messer. Committee’s charge is to address ways for SMC to measure its success and progress and report back to the board on implementation recommendations.
Approval of 2009-2010 Annual Budget - Jim De Pree made the motion to approve with the provision that if the projected Program Services income or expense figures indicate an unbalanced budget, the Executive Director will convene the Finance Committee for a budget change management meeting. Seconded by Todd Cory. 2009/2010 Budget approved.

BOARD/STAFF COMMENTS
Jim De Pree would like clarification on “unrestricted net assets” showing on Balance Sheet.
and how it relates to filing Federal Form 990.
Todd Cory would like our replaced/upgraded items to be donated or auctioned not trashed.
Technical Committee meeting set for Tues. June 9th 5 year plan on Asset Planning.