Kings Park West Community Association

Board of Directors Meeting Minutes

October 14, 2020

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

Meeting called to order:  7:33 p.m.  Meeting held virtually via Zoom video conferencing.

Approval of September 2020 Meeting Minutes:  Approved.

Treasurer’s Report:  September 2020 financials reflected the following:  one CAB Operating Account with a balance of $25,210.09; Cash in Transit with a balance of $1,000.00; 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 - $8,851.93; 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 $7,369.18; bringing the total assets to a balance of $62,368.62.

Old Business:

New Business: