HomeMy WebLinkAbout04-6-2010 CHA MINUTESNJ
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expressed excitement about the program and suggested 4 -H use the Community Center
for programming.
3. Treasurer / Financial Report
Patricia reported on the financials for the month of March. She said she had not received
the March bank statement as of the yet, but was able to review the other financial
information. Cheri provided the Board with the new reports she can generate with the
new software. She also provided a summary sheet that showed the current bank balance,
anticipated revenues, and anticipated expenses. Jim asked if the information on Cheri's
reports were accurate. Cheri said they were not accurate because the report reflects the
old data that needs cleaned up and reconciled.
Patricia also reported that she was able to review the statement from the store. Estella
asked if it had been 6 months since CHA has run/managed the store. Mike indicated
CHA has run the store for 1 year as of March 23r Estella asked if the Board wanted to
vote as to whether or not to keep running the store. Patricia said the 6 -month trial period
came and went without much notice. Jim suggested Mike come back to the Board in
November with a full financial report. Patricia said the store bank statements looked
healthy.
Mike said two different motions were necessary:
Accept the financials as presented.
Motion: Dana
2nd: Patricia
Unanimously approved by those present.
Continue running the store for another 6 months and provide a financial report on
the Farmway Store at the November meeting.
Motion: Patricia
2 Dana
Unanimously approved by those present.
4. Guest Comments: None
5. Committee Reports: None
6. Administrative reports
Mike spoke about the Reserve Account and directed the Boards attention to two different
pieces of correspondence from RD that indicate RD reverted our required Reserve
Account balance back to an amount commensurate with the original payment amount of
$6,987 per month — meaning CHA's Reserve Account balance was sufficient.
Mike spoke to CHA's efforts to sue former tenants in Small Claims Court. He explained
that CHA started pursuing former tenants in October of 2009. Since that time, not one
persan•has been taken to court because of the complex method by which the process must
be completed. Jim suggested CHA forego pursuing court actions in lieu of higher
security deposits. Estella suggested the Board take up this issue at the next meeting, and
that the Board approve the "write -off' of all delinquent accounts.
7. Old Business
Strategic Planning [Postponed until another time]. Estella complemented Mike on the
work he put into the Management Plan and asked Mike to set another meeting time when
the Board (or at least a sub - committee of the Board) can review the Management Plan
and the Strategic Plan.
New Business
Estella said Mike can meet with Patricia to discuss changing banks; after which a
decision can be brought to the Board.
9. Executive Session: None
10. Actions Subsequent to Executive Session: None
11. Adjourned: 1:35pm