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Kings Park West Community Association

Board of Directors Meeting Minutes

July 13, 2022

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

Meeting called to order:  7:32 pm. 

Approval of June 2022 Meeting Minutes:  Approved.

Treasurer’s Report:  June 2022 financials reflected the following:  one CIT Operating Account with a balance of $11,937.59; two general fund CD's with balances of $5,522.43 and $5,505.47; one Reserve Study CD with a balance of $21,894.22; [Accounts Receivable - $5,824.43; 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 $2,221.68; bringing the total assets to a balance of $47,081.19.

Board is requesting Burke Community Management Group (BCMG) provide update on unpaid assessments and liens.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:18 pm.