Kings Park West Community Association

Board of Directors Meeting Minutes

October 13, 2021

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

Meeting called to order:  7:32 pm. 

Approval of September 2021 Meeting Minutes:  Approved.

Treasurer’s Report:  September 2021 financials reflected the following:  one CIT Operating Account with a balance of $20,830.00; Cash in Transit with a balance of $1,000.00; two general fund CD's with balances of $5,521.87 and $5,504.92; one Reserve Study CD with a balance of $20,892.08; [Accounts Receivable - $13,620.43; 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 $10,017.48; bringing the total assets to a balance of $63,766.35.

Board approved motion to modify the Liabilities & Equity accounting lines on the balance sheet to reflect recommended standard accounting practices.

Old Business:

New Business:

Hearing no further business, the meeting adjourned at 8:22 pm.