Lake Forest Community Association Board Minutes

September 14, 2000

The Board of Directors meeting was called to order at 7:40 pm. Board members present: Phil Berne, Gene Cole, Ed Palekas, Dave Wilson, Bev Franklin, Harry Hopkins, Mike Yurina, and Tom Quigley.

Old Business.

- The board approved the format of the Treasurer’s financial statement as is. Separate line items for reserves are not recommended (as Steve Gilbert requested at the last meeting). Gene stated that separating the reserve would cause discrepancies between the report and bank statements.

- Pipe stem sign costs are included in the "sign reserve."

- A budget reserve for milky spore treatment will be established in the proposed ’01 budget, pending general membership approval. The August minutes implied that a budget reserve would be established prior to the December general meeting. This line was struck from the minutes.

Treasurer’s Report.

Secretary’s Report. Ed Palekas had nothing new to report.

Community relations. Bev Franklin reported on results of the community relations meeting held Tuesday, 12 September.

New Business.

 

The board meeting adjourned at 8:50 p.m. The next board meeting is October 12, 2000, 7:30 p.m. at Phil Berne’s home.