Resolution 94-15: Financial Procedures
The Board resolved unanimously to adopt the financial procedures, as
recommended by the Audit Committee, as an interim measure until such time as
a manual describing the internal controls and accounting procedures to be
used by ISOC for managing its finances has been adopted:

     a. In the absence of a full-time business office manager, the
        ISOC accountant shall hold all ISOC checks and be personally
        involved in all transactions that involve the expenditure of funds
        from the ISOC bank accounts.

     b. At least two parties shall be involved in all transactions that
        involve the expenditure of funds from the bank accounts. In particular,
        and to the extent possible, the requestor of a disbursement should not
        be the one to sign the check.

     c. All revenue and expenditures of ISOC shall be properly vouchered.

     d. Provide quarterly financial updates to the Board of Trustees
        including at a minimum 1) the then current income statement and
        balance sheet and 2) fiscal year projections in both cash and
        accrual form. The projections shall be actual to date and estimates
        to the end of the year.

     e. Provide a plan to the Audit Committee by April 30, 1994
        for management of cash, limiting bank exposure (ie. staying within
        FDIC insurance limits, and investment of current assets)

     f. If other than IRS guidelines are to be used for depreciation,
        please let the audit committee know as soon as possible. Else, we
        will assume the IRS guidelines will be used.

     g. Expense all items under $1000 and capitalize all long term
        assets of $1000 or more.

     h. Operate as near as possible to cash so as to avoid long-term
        ISOC obligations whenever possible.

     i. Develop and document reasonable travel policies for all ISOC
        travel (including employees, officers, trustees, contractors,
        consultants, etc) and provide to the Audit Committee before the
        next ISOC Board meeting.

     j. Develop compensation and fringe benefit guidelines for timely
        approval by the Board. The guidelines should require that employees
        be paid at prevailing wages for the job, area and level of experience.

     k. Obtain Board of Trustees approval for any additional benefits
        including especially non-cash benefits, if any.