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Kings Park West Community Association

Board of Directors Meeting Minutes

November 13th, 2019

Board Members in Attendance: Anthony Consumano, Nancy Grant, Mark Heppner, Larry Velte, Maureen Pettis, and James Bovino

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

Approval of November 2019 Meeting Minutes: Approved 6-0.

Treasurer’s Report: October 2019 financials reflected the following: one CAB Operating Account with a balance of $21,302.08; one Cash in Transit account with a balance of $1,000.00; two general fund CD's with balances of $5472.26 and $5,455.46; one Reserve Study CD with a balance of $17,713.39; [Accounts Receivable - $8,842.73; 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 $58,065.60. Total Other Current Assets with balances of $7,122.41

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 8:30 p.m.