Attending: Ann West, Marc Wallman, Brad Christ, Dave Robinson, Jim Stewart, Christine Miki, Rachana Ananthakrishnan, Kristi Holmes, Kim Milford,
With: Kevin Morooney, Elaine Alejo, Steve Zoppi, Sara Jeanes, John Krienke, Keith Wessel, Romy Bolton, Albert Wu, David Bantz, Margaret Cullen
Regrets: Bernard Gulachek, Ashrab Ahmed,
Agenda
- Certificate fee annual increase
- Committee recruiting
Minutes:
Certificate fee annual increase: John Krienke went through his slide deck with a discussion on Operating cost increase and considerations. There was a discussion on recommendations and limits on our service fees, anything larger than 4% would require Steering approval.
Christine shared their language incorporated in their agreements "Each Renewal Term is subject to an increase based on prior year CPI, not to exceed 3%."
There was a vote taken on fee increase
Vote: Fee increase
September 9th Resolution: Increase InCommon cert service fees 10% starting on April 2, 2025, and to increase these annually by an amount to be determined in a future vote- Approved by Steering
October Resolution: Starting Jan of 2026 and continuing into the foreseeable future, InCommon Certificate service fees will increase on the anniversary date of each Subscriber
- Effective every January first
- Guided by the 12 months Trimmed/Mean PCE inflation value and
- Not to exceed 4% and that would apply to all fee tiers
Proposals to increase fees more than 4% will require Steering approval.
Steering will be notified of all annual fee increases.
Vote: outcome will be carried to the November Board meeting
Motion made by Dave Robinson, seconded by Christine Miki
Unanimously passed with no objections
No one abstained
New committee members- Kevin reviewed where we stand currently
Meeting adjourned
Next meeting : Nov 04 , 2024