Lakeshore
Company Board Meeting
April
4, 2011
Present: Austin Godfrey, Barbara
Coulter, Tawnya Kabnick
Meeting was called to order by
President, Austin Godfrey (aegodfrey@verizon.net), at 9:06pm.
WATER SYSTEM-ribarrett@aol.com Ð Everything is in good working order.
The VSA dinner will be held at 6:30 on May 14th and the Board is
invited to attend and help. Carl Bonar and Barbara Coulter will be making the
dinner.
TREASURER -
Barbara C. Coulter [mkltreasurer@gmail.com]
Barbara presented the financial
reports and will post four reports on the website each month:
1. actuals vs budget by line
item
2. cash
balance by company
3. checks
over $1,000
4. an AR
report.
Barbara is going to present a
clarification of the dues schedule including interest and penalties to be
placed on the MKL website.
Other Business
Tawnya is
going to clarify our insurance policy coverage for sub-contractors.
The
following resolution was approved by the board in order to facilitate the
treasureÕs job:
Resolved:
In as
much as the bylaws of the company require dual signatures on checks exceeding
$1000, and in as much as the company routinely does business in excess of $1000
w/ the following vendors, and in as much as the company routinely makes
payments and transfers electronically, therefore it is resolved that
inter-company transfers between Mount Kemble Lake
Association and The Lakeshore Company as well as payments to the following
vendors throughout the calendar year 2011 have the defacto
approval of the Board of Directors:
Allied
Biological
CW Backshall Landscaping
NJDEP
Budget and Finance
Somerset
Hills Bank
It
is further resolved that the approving signature of a trustee or director
of the company on an invoice presented by any vendor constitutes a de-facto
second "signature" on the subsequent electronic payment of
that invoice. In support of this resolution, the treasurer's monthly
report will list all payments of $1000 and above that have been made to all
vendors since her last report.
The board approved a request for
a gas line to be run through
The meeting was adjourned at 9:20pm
Respectfully submitted,
Tawnya Kabnick
tawnya@tawnyakabnick.net
Board meetings are scheduled for the
following dates:
April 27th
special meeting to vote on the Finance committee proposal
Meeting time 7:30