Official Minutes of the Special Board of Directors Meeting of the Florida Ornithological Society.

October 15, 2005

CALL TO ORDER. A special board of directors meeting of the Florida Ornithological Society (FOS) was held Saturday, October 15, 2005 at Lake Receptions, Mount Dora, Florida, to approve the 2006 annual budget. After meeting as a Committee of the Whole, beginning at 6:00 p.m., to discuss the Finance Committee’s budget report on the proposed 2006 annual budget and issues related to adoption of the budget, President Hailman called the special board meeting to order at 7:10 p.m.

The following people attended the meeting:

Jack Hailman, President

Soo Whiting, Vice President

Pam Bowen, Secretary

Judy Bryan, Director

David Freeland, Director

Murray Gardler, Director

Joyce King, Director

Scott Robinson, Director

David Stock, Director

Jerry Jackson, Editor, Florida Field Naturalist

Jerry Jackson moved that the board adopt the Finance Committee’s report which included the revised 2006 annual budget that appears at the end of this document. Judy Bryan seconded the motion. Seven board members voted for the motion, one board member voted against the motion, and one board member abstained from voting.

The approved budget included the following revisions:

• Income from membership recruitment was deleted since new members will be solicited via a 2-for-1 program where the new members will not pay dues their first year.
• Postage and shipping expenses were increased to $1000.
• All awards and grants were adjusted to equal the total interest income of the grants and awards fund, $2500.

ADJOURNMENT.

There being no further business, the meeting was adjourned at 7:15 p.m.

Respectfully Submitted,

Pamela J. Bowen

FOS Secretary

Attachment – 2006 Annual Budget

OPERATING FUND	2006 Annual Budget
	INCOME
		Dues	9500
		Unrestricted Gifts	400
		Interest Income	700
		Page Charges	1500
		Meeting Income	6000
		Back Issue Sales	50
		Membership Recruitment
		Total Income	18, 150
	EXPENSES
		FFN Printing	8500
		Newsletter Printing	1000
		Postage & Shipping	1000
		Operating Expenses	1200
		Meeting Expenses	6100
		Records Committee	1000
		Total Expenses	18,800
	PROJECTED SURPLUS		-650
SPECIAL PUBLICATIONS
	INCOME
		Sales	100
		Interest Income	1000
		Total Income	1100
	EXPENSES
		Postage & Shipping	10
		Sales Tax	10
		Total Expenses	20
	PROJECTED SURPLUS		1080
GRANTS & AWARDS FUND
	INCOME
		Interest Income	2500
		Gifts (principal)	200
		Total Income	2700
	EXPENSES
		Research Award	1500
		Robertson Award	500
		Education Grant	500
		Total Expense	2500
	PROJECTED SURPLUS		200
ENDOWMENT FUND
		Interest Income	600
		Gifts	75
		Total Income	675
	PROJECTED SURPLUS		675
NET INCOME (LOSS)			1305