Kings Park West Community Association

Board of Directors Meeting Minutes

January 11, 2017


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

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

Approval of December 2016 Meeting Minutes:  Approved 4–0.

Treasurer’s Report:  December 2016 financials reflected the following: one CAB Operating Account with a balance of $19,635.82; two general fund CD's with balances of $5,357.01 and $5,344.54; one Reserve Study CD with a balance of $19,121.27; Other Current Assets with balances of $4,134.73 (Accounts Receivable - $3,832.27; Interest Receivable - $1.27; Prepaid Expenses - $301.19); bringing the total assets to a balance of $53,593.37. 

Old Business:

·         FY 2016 Audit – Board will provide vendor conducting the FY 2016 audit with documents needed to complete actions relating to the KPWCA FY 2016 Audit and other financial obligations.

·         Annual Assessments – Fourteen properties still have liens due to unpaid annual assessments.

·         Streambed Erosion – Board will respond to homeowners who contacted KPWCA Board to express concern about streambed erosion around Shane's Creek and adjacent properties.  

New Business:

Hearing no further business, the meeting adjourned at 8:16 p.m.

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