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Kings Park West Community Association

Board of Directors Meeting Minutes

September 11, 2019

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

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

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

Treasurer’s Report: August 2019 financials reflected the following: one CAB Operating Account with a balance of $16,707.75; one Cash in Transit account with a balance of $1,000.00; 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 $14,494.05 (Accounts Receivable - $16,214.37; 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 $60,557.94. Treasurer will move $1,000.00 from Cash in Transit account and $1,000.00 from CAB Operating Account to the Reserve Study CD on October 12, 2019.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:13 p.m.