...

•  Governance Group - Review subgroups and organization before end of June. Jennifer Vinopal Rosalyn Metz 
•  Maurice York and Robin Lindley Ruggaber to ask their teams how things are currently structured on disk to compare against the OCFL spec.
  •  Robin - the structure on disc is the way the Samvera stack structures them (for Fedora 4). Did not receive a satisfactory answer for Fedora 3. Not sure if we will move that forward. But we expect to be able to migrate. 

Notes

Budget Update:Overview and Quarterly Report:

Previous years not available due to differences in fiscal year accounting between Duraspace and Lyrasis. The complexity is too great. Robert's key number is the Net Assets. That keys him in on what resources he has to accomplish objectives.

Lyrasis views a positive revenue as a strength. Building up a reserve provides stability and flexibility and is a symbol of health. 

Q: Since membership dues aren't a steady income, how are they handled?

A: Invoices go out at the beginning of the year. Institutions generally pay promptly. Lyrasis recognizes the income at 1/12th of the total per month. 

Q: How do you managed delayed payments? Or Institutions that don't renew?

A: We initially expect the revenue to come in, as it is understood that it sometimes get delayed. However we quickly follow up with organizations. If people indicate they are not going to renew there is CEO/leadership engagement. We call the institution to understand the impetus for not renewing.  We use this information ......view trends across the CSOs.

Q: When we look at this sheet how should we consider the total assets?

A: It follows accounting practices, so it includes reserves. 

Fedora 6 Design Decision

Action Items