FINANCE COMMITTEE MINUTES

December 10, 2011

The meeting was called to order by Pat Olsen, Co-Chair.

Present: Pat Olsen, Larry Eginoire, Mary Lou Ellis, Roger Mahoney, and Jean Aili

Absent:  Joyce Bingenheimer; also absent – Manager, Dale Schoeneberger  

BOD members present:  Kathy Gordon, Jim Cleveland, and Jerry Higgerson

Bookkeeper:  Fran Bolm

Visitors:  JoAnn Nelson and Gerry Vanhooren

The meeting was called to address possible changes to the proposed 2012 budget which will be presented to the Board at their meeting on Tuesday, December 13, 2011.  Pat informed us that the Long Range Planning Committee had moved the funding for the shuffleboard courts from 2012 to 2013. 

A discussion was held regarding funding for a rubberized floor for the exercise equipment area which is being addressed as a safety issue resulting from an accident with the exercise equipment; also discussed were two walls for the exercise equipment area.  A motion was made to include $3000.00 funding for this ($2000.00 for the flooring as a safety issue and $1000.00 for the wall construction).  Motion was seconded, voted upon, and was passed.

After further review of the proposed budget and discussion regarding the two major unknown categories for 2012 (sewer and fire protection), a motion was made to establish the 2012 assessment at $1250.  The motion was seconded, voted upon, and carried. 

Any allocated money for the sewer or fire protection which is budgeted for 2012 and is unspent for those items will be added to the Reserve Fund.

Discussion was held regarding the scheduling of the regular monthly committee meetings.  It was decided that the meetings will be scheduled for the Thursday prior to the Board of Directors monthly meeting and will be held at 1:00 P.M. in the conference room of the Activity Building.  However, due to a “Meet the Candidates” meeting scheduled, the January 5^th meeting of the Finance Committee will start at 2:00 P.M. 

The meeting was adjourned at 1:40 P.M. 

Respectfully submitted,

Jean Aili, Co-Chair