Finance Committee Minutes, June 18, 2018

Finance Committee

Meeting Minutes

June 13, 2018

Members Present:  Linda Hartmann, Jennifer Reuter, Mary Anna Taylor, Bonnie Starks, Kyle Packer

Members Absent: none

Board Liaison: absent

Guests:   Bruce Keller, Donna Yeltzer

Approval of the April Finance Committee Meeting Minutes 

Motion by: Mary Anna Taylor – approved pending correction of her position to vice-chair instead of co-chair

Second by:  Bonnie Starks

Voting record: all in favor

Review and Approval of the April Financial Reports

Mary Anna questioned two charges appearing on the March Visa bill. Moe had already contacted the credit card company to have these fraudulent charges removed and a new card issued. Jen asked when charges for the picnic tables would be moved from expense to the allocation budget (year-end). We also discussed higher than expected YTD charges to the ditching, and repair/maintenance accounts. These were due to unexpected repairs to the culvert at Alpine/ Longview and higher than expected building maintenance charges.

The committee also discussed and approved increasing the amount of the reserve allocation by $25,000 to reflect increases in the HVL budget.

Motion by:  Jen Reuter

Second by:  Bonnie Starks

Voting record: All in favor

Review May Financial Reports

May statements were not available at the time of the meeting due to pending entries to correct expenditures related to checks lost by the post office and reissued.

Report from Bruce Keller – Due to recent bank consolidations, we need to move some monies to a new bank so that we do not exceed the federally insured maximum. Bruce will investigate and make a recommendation. This will create new account/routing numbers and necessitate new signature cards.

Report from Bob Starks – absent

Old Business:  no old business

New Business:  To accommodate scheduling conflicts, the committee decided to move the scheduled meeting date/time to the second Wednesday of each month at 5:00 pm.

Motion to Adjourn

Motion by:  Mary Anna Taylor

Second by:  Bonnie Starks

Voting record: All in Favor

Meeting adjourned at 6:03 p.m.

NEXT MEETING TO BE June 11, 2018 at 5:00 pm

Respectfully submitted,

Linda Hartmann

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