SUNSCAPE ESTATES RV COOPERATIVE

 

 

MINUTES

March 8, 2011

 

The meeting was held in the Conference Room of the Activity Center and was called to order by Pat Olsen, Co-Chair.

Present:
Committee Members:  Pat Olsen, Larry Eginoire, Joyce Bingenheimer, Roger Mahoney,  and Jean Aili
Absent:  Mary Lou Ellis
Board Members: Jim Cleveland and Kathy Gordon; Manager, Dale Schoeneberger
Bookkeeper:  Fran Bolm
Visitors:  Gerry Vanhooren, Long Range Planning & Property Committee

The minutes of the January 11^th, 2011, meeting were reviewed and approved. The balance sheet was reviewed and it was determined that $2000.00 from the Park Party donation account needs to be transferred over to Account #1017, Park Improvement/Community Complex, since too much money was left in the donation account as Park Party start-up funds. Account #1014 will be renamed as “Reserve Fund” rather than Contingency Fund.

It was noted that investment income from the park certificate of deposits needs to be included in the 2012 budget as income. Discussion was held regarding whether or not funds were still being transferred over to the donation accounts for the quilters and the float organizers as advertising items. Pat Olsen will check into this item and will advise next month. Pat will also research the item under Account #6225 Volunteer Appreciation which is showing under the year to date column on the 2011 Budget comparison worksheet.

It was decided that $5000.00 for the shuffleboard repair and $10,000.00 for the water machine replacement would be taken out of Buildings and Grounds Maintenance Account (#6330) and would be listed more accurately as major projects since these are non-recurring items rather than maintenance items.

The 2012 Budget Detail will be presented to the Board as part of the 2012 proposed budget to go out in the annual packet to the shareholders. Kathy Gordon has done some research on various area banks since we will probably have to transfer funds to another bank in order to have all funds adequately protected by the federal banking insurance program.

The next meeting was scheduled for 1:00 P.M. on April 5^th, and the meeting was adjourned.