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Minneapolis Telecommunications Network

Board Meeting Agenda

Monday, February 12th, 2018 - 6pm

  1. Call to Order
  2. Approval of Board Minutes from 1-19-2018
  3. Financial Training - Propel Nonprofits
  4. Executive Director Update - Valerie Lockhart
  5. Public Commentary (3 minutes per person signed up) - Public session adjourned
  6. Board meeting adjourned

Minutes:

In Attendance: Kyle Tharaldson (Vice Chair), Mike Wade (Treasurer), Tracey Blake, Valerie Lockhart, Jon Samuelson

Absent: Samantha Pree-Stinson (Chair)

Meeting called to order at 6:10pm

Beverly Bushyhead from Propel Nonprofits provided Board Training on Financial Reporting and how to read and interpret different reports coming from the accountants. Board will be given regular updates. Beverly pulled information from MTN’s actuals in order to show the Board where the organization currently stands, financially. Things were not as dire as originally thought, but 2017’s 52% increase in Budget over 2016 was neither attainable nor sustainable.

Valerie Lockhart provided an update to the Board on current happenings with the day-to-day operations. Topics included: Retirement of NX5U cameras into studio systems, training has begun to fulfill MRAC loan secured in 2017, a stage is being built in the common area, Open Streets events have been confirmed, our partnership with Eastside Neighborhood Services has been resecured, and we are holding a membership renewal drive for April 1.

Meeting adjourned at 7:20pm