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Kings Park West Community Association

Board of Directors Meeting Minutes

February 14, 2018

 

Board Members in Attendance: Nancy Grant, Maureen Pettis, Jim Bovino, Jillian Mueller, Carolyn LaRosa, and Larry Velte.

Meeting called to order: 7:30 p.m.

Approval of January 2018 Meeting Minutes:  Approved 6-0.

Treasurer’s Report:  January 2018 financials reflected the following: one CAB Operating Account with a balance of $15,739.79; two general fund CD's with balances of $5,367.72 and $5,349.88; one Reserve Study CD with a balance of $19,165.39; Other Current Assets with balances of $5,413.99 (Accounts Receivable - $6,178.41; Allowance for Bad Debts - ($1,066.88); Interest Receivable - $1.27; Prepaid Expenses - $301.19); bringing the total assets to a balance of $51,036.77.  The two general fund CDs will be renewed for an additional year.

Old Business:

New Business:

 

 

Hearing no further business, the meeting adjourned at 8:25 p.m.