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Kings Park West Community Association

Board of Directors Meeting Minutes

June 10, 2020

Board Members in Attendance: Nancy Grant, Mark Heppner, Larry Velte, Maureen Pettis, James Bovino, Carolyn LaRosa

Meeting called to order: 7:34 p.m. Meeting held virtually via Zoom video conferencing.

Approval of May 2020 Meeting Minutes: Approved.

Treasurer’s Report: May 2020 financials reflected the following: one CAB Operating Account with a balance of $14,497.26; two general fund CD's with balances of $5,520.22 and $5,503.27; one Reserve Study CD with a balance of $19,886.06; [Accounts Receivable - $4,493.13; Allowance for Bad Debts - ($3,905.41); Assessments Receivable - $259.90; Interest Receivable - ($258.63); Prepaid Expenses - $301.19]; total other current assets with balances of $930.18; bringing the total assets to a balance of $46,296.99.

Treasure to research online banking accounts which may offer higher interest rates and yields.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:25 p.m.