There was also discussion about reinvesting the income since dues fund everything needed by the consortium at this point. A motion was made to let investments grow and live off dues. This motion was tabled. A motion was made for the Executive Committee to retain an auditor now to audit the books. The motion was seconded and passed unanimously.
Clarification is needed from the committee about the cost.
There was a general discussion regarding the online version of the serials list. Institutional use of Z39.50 will affect an online version of the list. B. Laite will ask the Technology Committee for clarification of pricing issues and how Z39.50 will affect the list. B. Laite will ascertain how many members are, or soon to be, Z39.50 compliant. The committee should have the report ready by the next Governing Board meeting in October.