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Kings Park West Community Association

Board of Directors Meeting Minutes

April 13, 2022

Board Members in Attendance:  Larry Velte, Carolyn LaRosa, Maureen Pettis, Mark Heppner, Jim Bovino, and Diane Jeffers.

Meeting called to order:  7:46 pm. 

Approval of March 2022 Meeting Minutes:  Approved.

Treasurer’s Report:  March 2022 financials reflected the following:  one CIT Operating Account with a balance of $15,528.47; two general fund CD's with balances of $5,522.15 and $5,505.19; one Reserve Study CD with a balance of $21,893.13; [Accounts Receivable - $6,504.63; Allowance for Bad Debts - ($3,905.41); Assessments Receivable - $259.90; Interest Receivable - ($258.63); Prepaid Expenses - $301.19]; total other current assets with balances of $2,901.68; bringing the total assets to a balance of $51,350.62.

KPWCA Deferred Assessment Resolution:  The Association elects to apply all or part of the excess assessment income to the following year’s assessments and that such final amount shall be at the Board’s discretion.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:28 pm.