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