Notes from 9/9/09
Finance Committee (FC) Meeting
Attendees: Rick Barrett, Austin Godfrey, Lori Denson, John
Murray, Bob Yingling, Davor
Gjivoje, Terry Dwyer.
Work items at meeting:
The
group reviewed and discussed the most recent reserve system spreadsheet. Bob Yingling mentioned that he had to correct a few items. A
suggestion was made that the spreadsheet be run omitting the 2 non-cash
line items, so that we can see the underlying cash-based ending reserve
balances
The
group also reviewed a draft presentation created by John Murray for outpost
meetings. John will incorporate a number of suggestions and present an updated
version at the next FC meeting. Among the suggestions were the following:
-
Include a line
graph of the historical escalations in the dues during the last 10 years or so
-
Include a line
graph showing the likely growth of dues if we "pay as we go", without
any reserving or financial planning
-
Include a line graph
showing a comparison of implementing and not implementing the fiscal planning
and reserving that the Committee is considering
Outpost meetings:
-
John has
arranged for 8 residents to host outpost meetings (Allyn, Guy Bowden,
Dwyer, Gjivoje, Gray, Murray, Priscu,
Van Kirk)
-
John has
volunteered to be the primary speaker at the outpost meetings, supported by a
note taker (Lori volunteered for this) and a backup question-answerer
(volunteers for this included Rick, Austin, and Bob).
Community Inform meeting:
-
Working Schedule:
-
Next meeting
is Wednesday, Sept. 16, 7:30pm at Terry’s. Agenda is to
review next version of outpost meeting slides.
-
The goal
continues to be to complete the FC’s work at the upcoming (January, 2010)
annual meeting. Here’s a proposed schedule:
o Week of Oct. 5: FC meeting to finalize outpost slides
o Oct. 12 – Nov. 2:
outpost meetings (8)
o Week of Nov 2: FC meeting to discuss input from outpost meetings
o November: FC meetings to work on slides for community inform
meeting
o Dec. 3rd: Community inform meeting
o Dec, January: proposals, by-law changes, etc. created for
annual meeting
o January 29, 2010: abbreviated FC presentation at annual
meeting, voting as necessary.