October 16, 2012
Present: Barry Barak, Claudia McClintock, Boyd Franklin, Cliff Sprinkle, Tedi Gillespie. Minutes by: Jason Smith.
Beginning at 6:00 PM Tedi gave the ED and Staff Reports.
1) The meeting was called to order at 7:11 PM.
2) Approval of Board Minutes
The minutes of the September 13, 2012 Board of Directors meeting were approved by Present.
3) Budget to Actual report was reviewed.
4) 2013 Budget Preparation Report
The ED is putting together the 2013 budget and will provide it in the next few months.
5) SWOT Threat #1: External Debt
a) Board Driven Fund Raising
b) The board will look to other areas for bringing in funds for retiring the line of credit.
6) Property Issues
a) Commitment to 1310 Ute Ave.
The board discussed its commitment to staying at 1310 Ute Ave. so that decisions can be made about upgrades.
b) Management of Rental Houses
The board discussed identifying a management company or organization that could manage the rental properties shifting that task away from staff.
7) Committee Updates
a. Executive Monitoring
Cliff delivered the ED Monitoring report. It was noted that the ED continues to excel at providing required documentation for Executive Monitoring Review.
The board will assist with developing a vehicle raffle for 2013.
b. Real Estate
c. Capitol Improvements
Jason discussed the completion of the construction of a wall and installation of a the new door and vents for the server area.
Cliff detailed his search for a station credit card that would not need to be backed by an individual.
Discussed during Capitol Improvement.
Update at next meeting.
8) Other Business
The board discussed the December meeting and suggested that we have another open gathering with invitations to members and underwriters.
9) Meeting was adjourned at 8:46 pm.