The following report is a summary of the December 10, 2002 regular KGS Board meeting.  The official minutes of all KGS Board meetings are available at the KGS Library.  Ms. Radford reported that as of November 30, there were 607 Society members and 175 Library members who have paid their 2002 dues.  The KGS Library showed a net profit for the month of November of $4,055.91.  Average billing for the month was $599.13/day with the monthly total billed of $11,383.48. 

     Mr. Fisher reported on the finances.  The Trust Company of Kansas actual account market value loss for 2002 is $15,926.69.  Total account balance, Treasury Bills, Certificates of Deposit and The Trust Company of Kansas as of November 30, 2002 is $468,499.68.  The $120,000 T-Bill matures December 14, 2002 and will be renewed for three months.

     Ms. Fitzgerald reported the results of the 2003 KGS election:  Tom Hansen Vice-President/President-Elect, Ernie Morrison Secretary/Treasurer and Gus Messinger Member-at-Large, Board of Directors.  Craig Caulk and Gary Gensch will serve as advisors for Tim Pierce, the 2003 KGS President.

     Society Activities and Technical Meetings scheduled for November include:  Ted Jochems, "Mineral Exploration Drilling Methods" December 4, 2002.  Catherine Rocky, Terracon , "Landfill Geology" December 11, 2002. The KGS and KGF annual business meeting will be held on December 12, 2002.  Dr. Randy Van Schmus, KU, "Geochronology of Detrital Zircons:  Valuable Clues to the Depositional History of Tectonic Basins" December 18, 2002. 

     Old Business:  Ms. FitzGerald updated the Board on the Walters Digital Library.  The KGS has set up a wholly owned limited liability company to provide management services for the Walters Digital Library.  This L.L.C. is named the Kansas Geological Management Company, L.L.C. (KGMC).  The Management Agreement was presented to the KGS Board for review and discussion. 

     Ms. Radford presented the revised 2003 Budget to the Board for review and comments.  General discussion of the proposed budget followed.  Ms. Radford was excused from the meeting during the discussion of KGS employee raises for 2003. 
Ms. Radford is researching an alternative for the current 401-K plan for KGS Library employees.  It is named SIMPLE PLANS (Saving Incentive Match Plans for Employees).  She will report on this at the January Board meeting. 

     New Business:  Philip Knighton gave a short presentation to the KGS Board members concerning the responsibilities and liabilities of Board members.  The KGS Board approved Supporting Member Status for Jay Ablah, Leigh Raymond and Rick Putman.

Meeting was adjourned at 3:45 PM.

January 2003 Board Meeting
 

  The following report is a summary of the January 14, 2003 regular KGS Board meeting. The official minutes of all KGS Board meetings are available at the KGS Library. Ms. Radford reported that as of December 31, 2002 there were 607 Society members and 175 Library members. The KGS Library showed a net loss for December of $27,973.81. Average billing for the month was $576.26/day with the monthly total billed of $11,525.21. Ms. Radford noted that income was down for December but up for the year 2002. The Treasurers report noted that the investment policy would be reviewed to bring current any opportunities to insulate current investments from loss.

     Society Activities and Technical meetings scheduled for January include: Larry Richardson, Wichita,” Rock Fences in Kansas” January 16, 2002. Will Gilliland, Wichita, Authorization for Water Use for Environmental and Petroleum Industry Projects” January 23, 2003. The Annual KGS Banquet for installation of officers and the honoring of the 50-year members will be held on January 24, 2003 at the Petroleum Club. 

     Old Business: The 2003 Budget was approved unanimously. A statement regarding the information disclaimer was approved. Ms. FitzGerald updated the Board on the progress of the Walters Digital Library. The KGF still is firm on a March 1, 2003 startup date. A meeting was set with Net Impact to facilitate the March 1st date and see what the KGS may need to do for the start up. Mr. Pierce will check with John Morrison on card usage and the cost involved.

     New Business: Dallas Donner was nominated as a board member to replace Scott Mueller. Robert Cowdery, Alan DeGood, Dick Jordan and Ernie Morrison will be placed on the A.A.P.G. ballot to meet the requirements for 2 delegates and 1 alternate for representation at AAPG meetings.  The board approved the payment of $1,000 for the president of the KGS to travel to the A.A.P.G. Convention in Salt Lake City, Utah unanimously.

Meeting was adjourned at 3:00 p.m.