PRESENT:
Fabian Lahue, President; Ken Gray, Treasurer; Kathy Boyd, Secretary; Cindy Tilton, Vice-President. Members present included: Cecelia Cinfo, Ardith Cade, Lisa Fessenden, Kevin Fessenden, and Thomas Roberts.
ABSENT:
Allen Cade, Infrastructure.
MEETING ACTIONS:
The meeting was called to order at 6:00 pm.
Minutes from the last annual meeting of December 04, 2018 were read. Motion to approve was made by Cindy and seconded by Ken and approved by all present.
A motion to accept the proposed FY2020 Budget was made by Cindy, seconded by Thomas and approved by all present.
The FY2020 projected income is $142,760.00. The total projected expenses are $141,400.00. There will be no increase to the $200 monthly condo fee.
Ken made a motion that any remaining funds in accounts on 12/31/2019 be carried over to fiscal year 2020. This was seconded by Kevin and approved by all.
In accordance with the Bylaws, the positions of Vice-President and Treasurer were up for election. Cindy Tilton was nominated and approved for the position of Vice-President. There were no nominees for Treasurer. Parliamentary procedure was put into place whereby Fabian, President, asked Kathy, Secretary, for one vote for Ken to continue as Treasurer. This was done. Board positions are for a 2-year term.
The annual membership meeting was adjourned at 6:07 PM.