Download - 28 th General Meeting 14 th April 2015 Chaired by Kurtis Lindqvist Euro-IX Board Chairman
Members willingness to have an open meting
• i.e. Those that are not either members, associate members or patrons, may be permitted to stay in the meeting room during the 27th GM.
• Any objections from the membership?
Agenda
1. Opening
2. Agenda Approval
3. Approval of 27th General Meeting minutes
https://www.euro-ix.net/documents/1457-m27gm-pdf?download=yes
4. Presentation & Approval - 2014 Annual Report
5. Presentation & Approval – 2015 Budget
6. Any other business
7. Next General Meeting
8. Closing
Approval of the 27th GM minutes
• 27th General Meeting Minutes were emailed to the members and placed on the website on 27th November 2014
• Does the General Meeting approve the minutes of the 27th General Meeting?
2014 Annual Report
• The report is available online: https://www.euro-ix.net/documents/1481-annual-report-2014-pdf?download=yes
• The report was shared with the membership on 9 April 2015
2014 Annual Report
• 44 standard members• 3 new – ARMIX, SOX & THINX
• 9 Associate members
• 25 Remote members• 2 new – Angonix, NetIX
• 12 Patrons (Cisco left in 2015)• 1 new – BTI Systems
2014 Annual Report
2 Euro-IX meeting in 2014• 24th forum in Leeds, co-hosted by LINX, LONAP
& IXLeeds
• 121 attendees, 40 IXPs
• 25th forum in Bucharest, hosted by InterLAN
• 104 attendees, 41 IXPs
2014 Annual Report
IXPDB Project
• Task undertaken by Euro-IX to harmonize and create a canonical DB for IXP data
• Hackaton in Sheffield in May to develop models and prototyping
• IX-F has a ready prototype in Django/Python - https://github.com/euro-ix/ixf-client-py
2014 Annual Report
• Financial books for 2014 were closed on 26 January 2015
• The Euro-IX Board approved the 2014 Annual Report on 9 April 2015
• The Euro-IX audit committee approved the financial report on 2 April 2015
• Next: report from audit committee
23/09/14
Euro-IX Audit Committee
Appointed at last Euro-IX Forum• Jorma Mellin
– Ficix, Finland• Gregor Reinhold
– DE-CIX, Germany• Kjetil Otter Olsen
– NIX, Norway
23/09/14
Terms of reference for the Audit Committee
(a) to take responsibility for conducting an annual review of the draft annual accounts of the association;(b) to publish an annual report to members, giving assurance about the accuracy and probity of the annual accounts of the association;(c) to conduct these activities in a manner independent of the staff and Board of the association;
23/09/14
The Audit process
• The secretariat sent us the draft annual accounts and other relevant information– And answered our questions and clarified a number of
details• The Audit committee has gone through this in
reasonable detail– Question for next year: Should we look in more detail?
• The Audit committee finds the annual accounts accurate and in accordance with decissions made in the General Meeting
2014 Annual Report
• 2014 saw a net result before taxes of -21,738 EUR
• 2014 budgeted net result was -15,483 EUR a difference of 6,255 EUR• Note: In 2014 the Euro-IX Board approved:
• Rebuild of Euro-IX website
• New build – IXP Database
• The two projects came to additional cost of €26,436
• This brings the reserves end of 2014 to €54,765
2014 Annual Report
• Are there any questions?
• Does the General Meeting approve the 2014 Euro-IX Annual Report?
2015 Budget
• The 2015 budget was shared with the membership on 5 March 2015
• 2015 budget is based on the following:
• Standard Members = 44
• Associate Members = 7
• Remote Members = 28
• Patrons = 11
• We’ve been extremely conservative with the numbers, losing CISCO as a Patron was a big hit on the Euro-IX finances
• We’ve reviewed the cost structure for travel, forum and administration costs.
• Julia will be going on maternity leave soon, so we’ve hired Nathalie on a nine month contract to cover her.
2015 Budget
• Projected 2015 Budget Income:• Standard Members = 176,000 EUR
• Associate Members = 21,000 EUR
• Remote Members = 28,000 EUR
• Patrons = 110,000 EUR
• Forum Registrations = 7,000 EUR
• Total income in 2015 = 342,000 EUR
2015 Budget
• Projected 2015 Budget Expenditure:• Secretariat Services = 202,355 EUR
• Travel Expenses = 23,000 EUR
• Forum Costs = 115,200 EUR
• Other = 29,568 EUR
• Total expenditure 2015 = 370,203 EUR
2015 Budget
• We are forecasting to make a loss of 28,203 EUR
• Inline with the policy to run the reserves down
• Current reserves at 54,765 EUR
• We expect the reserves at the end of 2015 to be just over 40,000 EUR
2015 Budget
• Projection for 2016 & 2017
• The Board have studied the finances till 2017
• 2015 is a year for settling down after the transition
• The Board held a strategy day in Feb and discussed Euro-IX’s vision, mission and strategic direction, this all impacts the budget projections
• We expect the association to continue to operate without any change to membership/patronage fees, for 2016 & 2017
• We need to find other ways to fund certain projects and activities i.e. Fellowship program
2015 Budget
• Summary
• We’ve been conservative with the 2015 budget as we move in to a new chapter
• We’re inline with the policy to run down the reserves
• We are confident that there will be no change in the membership fees up to 2017
Next General Meeting
• The 27th Euro-IX Forum and the 29th General Meeting have been scheduled for the 26th and 27th of October 2015
• Location: Berlin, Germany
• To be co-hosted by BCIX & ECIX