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Kings Park West Community Association

Board of Directors Meeting Minutes

December 9, 2020

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

Meeting called to order:  7:35 p.m.  Meeting held virtually via Zoom video conferencing.

Approval of November 2020 Meeting Minutes:  Approved.

Treasurer’s Report:  November 2020 financials reflected the following:  one CAB Operating Account with a balance of $17,364.60; Cash in Transit with a balance of $0.00; two general fund CD's with balances of $5,521.60 and $5,504.65; one Reserve Study CD with a balance of $20,891.04; [Accounts Receivable - $8,027.03; 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 $4,24.08; bringing the total assets to a balance of $53,705.97.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 7:52 p.m.