March 11 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. 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: a. For February 2024, the opening balance was $466,809.81 and the closing balance was $485,150.09. This represents an increase from the opening balance of $18,340.28. As of the end of February, we had $57,185.85 in our operating checking account, and $427,964.24 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 Treasurer’s Report. b....