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Kings Park West Community Association

Board of Directors Meeting Minutes

July 10, 2019

Board Members in Attendance: Nancy Grant, Mark Heppner, Maureen Pettis, Anthony Consumano, Jim Bovino, Carolyn LaRosa, and Larry Velte.

Meeting called to order: 7:35 p.m.

Approval of June 2019 Meeting Minutes: Approved 5-0.

Treasurer’s Report: June 2019 financials reflected the following: one CAB Operating Account with a balance of $10,471.87; one Cash in Transit account with a balance of $1,000.00; two general fund CD's with balances of $5,417.81 and $5,401.18; one Reserve Study CD with a balance of $17,537.15; Other Current Assets with balances of $3,482.61 (Accounts Receivable - $5,202.93; Allowance for Bad Debts - ($2,282.68); Assessments Receivable - $259.90; Interest Receivable - $1.27; Prepaid Expenses - $301.19); bringing the total assets to a balance of $43,310.62. Treasurer will move $1000.00 from Cash in Transit account to the Reserve Study CD.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:40 p.m.