Attendees:
Dan Meade, Sharon Walker, Richard
Grieves, Howard Koester, Steve Shanklin, Dave Armitage, Mike Morgan and
Christine Whitehurst. Guests, 16
SBCA members and staff.
Meeting
called to order at 9:00 AM by President Dan Meade
Determination
of quorum.
MSP to
approve August 7, 2009 minutes.
(All ayes)
Financial
report
Chris Whitehurst reported the financial highlights for July, showing the Total
Current Assets for the month to be $409,977.42, Total Assets to be $626,415.32
with an increase of $55,213.16 over last year’s Total Assets. The Income
Statement for July 2009 showed total revenues of $81,507.08 and Total Operating
Expenses of $29,999.61 and a Net Operating Surplus of $51,507.47. The
Maintenance reserve is $186,749.72 and the Renovation Fund is $114,686.88.
Expense from Renovation fund for 1st
payment on the acoustics for the stage of $3880.76.
MSP to
approve the financial report.
(All ayes)
MSP to move
$20,000 of last fiscal year surplus into the Maintenance Reserve.
(5 ayes/1 nay)
MSP to
authorize $250.00 to be dedicated to Emergency Management committee of the PLVC
for CERT training.
(All ayes)
MSP that the
Board send a letter from the Board and SEPA committee to the County requesting
they extend the review period for IMQ and also conduct studies suggested in a
County Staff report.
(All ayes)
letter in Correspondence notebook
MSP that
Howard Koester will be the SBCA Board representative on the Port Ludlow Village
Council.
(All ayes)
Meeting
adjourned at 11:40 AM.
Respectfully
submitted:
Christine
Whitehurst, SBCA Secretary/Treasurer
Attachments
Next regular
meeting:
October 2,
2009 9:00
a.m. Bay Club
Special
meetings:
Drainage
District -Informational
September 23, 2009 3:00 p.m.
Bay Club
Pope & Iron
Mountain Quarry presentation on mine and public question period October 14,2009
4:00 p.m. Bay Club
Financial Reports July 2009 Income Stmt. Bal. Sheet