February Minutes
Board members present: Sarah Wise, president; Larry Sagstetter, vice president; Margie St. Jacques, treasurer; Hank French, secretary; Ann McNattin, member at large. Also present: Mike Severson, building manager. Eight homeowners present. I. Call to Order: The meeting was called to order at 6:32 p.m. II. Secretary’s Report: Moved, seconded, and voted to approve the minutes for the January 2024 board meeting as written. III. Treasurer’s Report: For January 2024, the opening balance was $458,449.03 and the closing balance was $466,809.81. This represents an increase from the opening balance of $8,360.78. As of the end of January, we had $49,666.32 in our operating checking account, and $417,143.49 in reserve accounts. (Note: The reserve accounts are one operating CD with North American Bank, a money market account with Premier Bank, a Premier CD, an NAB CD, a savings account with Royal Credit Union, and three CDs with Royal Credit Union.) Moved, seconded, and voted to approve the Tr...