The regular meeting of the Board Of Directors of the Kansas Geological Society was held on February 11, 2003 at the Petroleum Club President Tim Pierce welcomed those present and expressed a special thanks to Ms. Rebecca Radford for the job she is doing as the KGS Business Manager. 
      Technical talks schedule for February include: February 12, 2003 – Dr. James Aber, - “Kite Aerial Photography with examples from Estonia and Kansas.”  February 19, 2003 – Bob Vincent  - “Exploring for Water: Same as Exploring for Oil and Different?”   February 26, 2003 - Gregg Davis, “Regulatory Oversight for the Construction of a Class 1 Disposal Well.”

Mr. Maune gave a historical treasurer’s report as follows: 

Total Account Balance December 31, 2001    $480,714.58
Total Account Balance as of December 31, 2002    $465,249.36
Total Account Balance as of January 31, 2003    $461,787.48

      General discussion followed Mr. Maune’s report; including the review of the Investment Policy.  Mr. Maune will meet with Trust Company of Kansas and Mr. Donner will research the rates on money market accounts. One item to note is the quarterly fee to TCK has changed to a monthly fee. There is a $120,000.00 Treasury Bill that matures on March 13, 2003.  The Board approved rolling this T-Bill into another T-Bill account for an additional 3 months. 
      Manger’s Report:  Ms. Radford reported that the library had a net loss of $3,517.30 for the month of January.  This was primarily due to the expense being paid out for the new accounting software and training.  Membership for the Society was at 325 with Library membership at 134 members. 
      Digital Library Update.  The agreement between the Kansas Geologic Foundation and the Kansas Geologic Society was reviewed with several questions arising on the portions listed below:  A discussion of the agreement between Kansas Geologic Foundation and the Kansas Geologic Society followed. The points will be clarified and rewritten to be reviewed again.
     KGS Sponsored Field Trip to Hays.  Mr. Cowdery presented the facts concerning the field trip to the Sternburg Museum in Hays and a trip to an excavation site. This would involve ½ day at the museum and ½ day in the field.
      Among new business discussed was the sponsorship of a WSU Field Trip led by Dr. Yang.  This would be an open trip to members with KGS as a co-sponsor. This trip would show the geology for the deposition of the Oread. 
     Discussion took place about who should have keys to the library.  A policy may be initiated to have a sign out list.  There also needs to be a change in the back door latch to bring the door up to fire code. Ms. Radford will check with the landlord, Mr. Wisdom.
     A discussion about the Kansas Geological Website and who will maintain the site.  Allen Gibbs & Holey LC and Tyler Sanders checked the system.  We are waiting on a report.  Mr. Pierce will consult with Jeromy Gensch on the requirements of a computer for the digital library portion of the KGS.  With no further discussion the meeting was adjourned at 3:20 PM

March 2003 Board Meeting
 

     The regular meeting of the Board Of Directors of the Kansas Geological Society was held on March 11, 2003 at the Petroleum Club.  Mr. Pierce called the meeting to order at 12:38 P.M. 
     Mr. Fowler and Mr. Walker with The Trust Company of Kansas (TCK) made a presentation of the investments models used for the KGS investments. A question and answer session followed. 
      Mr. Maune reported the total account balance as of February 28,2003 was $459,177.57.  General discussion followed Mr. Maune’s report; including the review of the Investment Policy.  Mr. Maune and Mr. Gensch will meet with Chapmen Securities to explore other investment options. The discussion on investments was tabled until more details are reported.
     Rebecca Radford presented the Manager’s Report as of February 28, 2003, showing a net loss of $7,177.66 for the month of February.  Membership for the Society stood at 525 with Library membership at 169. 
     A.A.P.G Annual Meeting Representation:  A discussion as to which members will be at the annual AAPG meeting was held.  An informal search for members attending the AAPG will be conducted. 
     Motion to adjourn was requested by Mr. Pierce and made by Mr. Maune and seconded by Mr. Hansen.  With no further discussion the meeting was adjourned at 3:00 PM.