Present: Frank Pohlkamp, Jack Watson, Jim McWilliams, Kevin Roth, Sam Porterfield, John Porter, Judy Gibbons
Absent: Mary Pracht, Terry Shipp, Tom Lockette, Sarah Dawson
Notes:
1. Reviewed and discussed Regulation 2000-1-02 regarding establishing a capital improvement fund. This fund was never implemented to the best of our knowledge. Agreed that a few changes had to be made before it could be considered. (1) change from unaminous to 2/3 majority of the Board to change the fund management and set aside program. (2) funds cannot be obligated to any project until available in the capital improvement fund. (3) Long term plan is a prerequisite for establishing this fund.
Discussion was lively but did not result in a plan to recommend the fund. More discussion will be required in the future.
2. Sam Porterfield submitted draft of rules and regulations for rental of pool for private parties . A few suggestions were made regarding rental rates, closing time, life guard issues and DPOA liability coverage. Revision will be reviewed at next meeting.
3. John Porter led a discussion on change of auditing firm. Committee was unaminously in favor of John presenting bids from 3 firms to the Board.
4. It was suggested that a financial report to the community be honest, comprehensive and easy for all to understand.
5. The fiscal year end finances will be available for the next committee meeting on Wednesday, April 25, at 10 AM.
Regards, Frank P.
(Pohlkamp)
