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Kings Park West Community Association

Board of Directors Meeting Minutes

October 9, 2019

Board Members in Attendance: Anthony Consumano, Nancy Grant, Mark Heppner, Larry Velte, Carolyn Larosa.

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

Approval of September 2019 Meeting Minutes: Approved 5-0.

Treasurer’s Report: September 2019 financials reflected the following: one CAB Operating Account with a balance of $21,436.86; one Cash in Transit account with a balance of $1,000.00; two general fund CD's with balances of $5417.81 and $5,401.18; one Reserve Study CD with a balance of $17,537.15; Total Other Current Assets with balances of $7,816.45; [Accounts Receivable - $9536.77; 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 $58,609.45. 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 8:44 p.m.