Attendees:
Sharon Walker, Richard Grieves, Howard
Koester, Steve Shanklin, Dave Armitage, Mike Morgan and Christine Whitehurst.
Guests, 12 SBCA members (attachment) and staff.
Meeting
called to order at 9:00 a.m. by Vice President Sharon Walker.
Determination
of quorum.
MSP to
approve September 4, 2009 minutes.
(All ayes)
Financial
report
Chris Whitehurst reported the financial highlights for August, showing the Total
Current Assets for the month to be $339,537.57, Total Assets to be $604,252.97
with an increase of $57,207.35 over last year’s Total Assets. The Income
Statement for July 2009 showed total revenues of $9,820.04 and Total Operating
Expenses of $31,904.25 and a Net Operating Surplus of $29,423.26 for the fiscal
year. The Maintenance reserve is $197,087.09 and the Renovation Fund is
$75,447.19. Expenditures from Maintenance
Reserve, $2,577.21 painting and wood replacement, $7527.00 replace banquet
tables. Expenditures from Renovation
Fund, acoustics for the stage of $3,222.87 and $35,641.92 for Auditorium
lighting project.
MSP to
approve the financial report.
(All ayes)
Committee
Actions:
MSP that the
Drainage District Committee be disbanded. (All ayes)
Meeting
adjourned at 10:02 a.m.
Respectfully
submitted:
Christine
Whitehurst, SBCA Secretary/Treasurer
Attachments:
Tennis Committee Report
Drainage District Committee Report
Guest sign in sheet
Financials
Next regular
Board meeting:
November 6,
2009 9:00
a.m. Bay Club
Special &
Committee meetings:
Long Range
Finance & Planning Meeting
October 7,
2009 10:30 p.m.
Bay Club
SBCA ARC
Meeting
October 16,
2009 9:30 a.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 August 2009 Income Stmt. Bal. Sheet