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Kings Park West Community Association

Board of Directors Meeting Minutes

June 12, 2019

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

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

Approval of May 2019 Meeting Minutes: Approved 4-0.

Approval of the 2019 Annual Meeting Minutes: Approved 4-0.

Treasurer’s Report: May 2019 financials reflected the following: one CAB Operating Account with a balance of $12,411.35; 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 $3,562.41 (Accounts Receivable - $5,282.73; 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 $44,329.90. Treasurer will move $1000.00 from CAB Operating Account to the Reserve Study CD.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:20 p.m.