1. 28 th General Meeting 14 th April 2015 Chaired by Kurtis Lindqvist Euro-IX Board Chairman

2. 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 27 th GM. Any objections from the membership?

3. Agenda 1.Opening 2.Agenda Approval 3.Approval of 27 th 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

4. Approval of the 27 th GM minutes 27 th General Meeting Minutes were emailed to the members and placed on the website on 27 th November 2014 Does the General Meeting approve the minutes of the 27 th General Meeting?

5. Presentation & Approval 2014 Annual Report

6. 2014 Annual Report The report is available online: https://www.euro- ix.net/documents/1481-annual-report-2014- pdf?download=yeshttps://www.euro- ix.net/documents/1481-annual-report-2014- pdf?download=yes The report was shared with the membership on 9 April 2015

7. 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

8. 2014 Annual Report 2 Euro-IX meeting in 2014 24 th forum in Leeds, co-hosted by LINX, LONAP & IXLeeds 121 attendees, 40 IXPs 25 th forum in Bucharest, hosted by InterLAN 104 attendees, 41 IXPs

9. 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 https://github.com/euro-ix/ixf-client-py

10. 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

11. Update from the Euro-IX Audit Committee

12. 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

13. 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;

14. 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

15. 2014 Annual Report

16. 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

17. 2014 Annual Report Are there any questions? Does the General Meeting approve the 2014 Euro-IX Annual Report?

18. Presentation & Approval 2015 Budget Presentation by John Souter, Euro-IX Treasurer

19. 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.

20. 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

21. 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

22. 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

23. 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

24. 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

25. Any Other Business

26. Next General Meeting The 27 th Euro-IX Forum and the 29 th General Meeting have been scheduled for the 26 th and 27 th of October 2015 Location: Berlin, Germany To be co-hosted by BCIX & ECIX

27. Thank you!