SUNSCAPE ESTATES RV COOPERATIVE

FINANCE COMMITTEE MINUTES

 

October 31, 2011

 

 

The meeting was called to order by Jean Aili, Co-Chair.

 

Present were committee members Larry Eginoire, Mary Lou Ellis, and Jean Aili; Pat Olsen, Roger Mahoney, and Joyce Bingenheimer were absentBoard Members Kathy Gordon & Norah Sostrom attended, along with Dale Schoeneberger

 

Jean passed out a sheet detailing finance committee objectives for the next 6 weeks.  There were 3 main categories:  determining 2012 budget, organizing the November 17^th long range planning semi-annual review meeting, and providing a better definition of “capital expenditures”.  It was determined that priorities would be the 2012 budget and the November 17^th meeting at this time.

 

The minutes of the April 11th meeting were reviewed.  Larry Eginoire made a motion to accept the minutes; Mary Lou Ellis seconded the motion.  Motion was voted upon and passed.  Fran Bolm reported that he has developed a list showing who is authorized to withdraw money from the various fundraiser accounts.  Fran also reported that the Welcome Center is currently using the services of American Payment Solutions for credit card transactions and it appears that this change from the Bank of America will save money for the park.

 

The Finance Committee will be holding work sessions each Tuesday and Thursday (with the exception of Thanksgiving Day).  The sessions will start at 1:00 P.M., Tuesday, November 1^st, and will continue through the first part of December.  They will be held in the Conference Room.  These sessions are necessary to provide time to review remaining budget requests, finalize the 2012 budget, work on financing for long range planning, and to determine 2012 assessments.  The Finance Committee also needs to work on the coordination of the November 17^th meeting for the semi-annual review of the long range plan. 

 

The committee started reviewing budget requests for 2012 to determine if figures on the current spreadsheet were still valid.  Some changes were made.  Further review of the 2012 budget requests will occur during the ensuing work sessions.    

 

The meeting was adjourned at 2:30 P.M. 

 

 

Respectfully submitted,

 

 

Jean Aili, Co-Chair