At the start of the meeting the commission confirmed attendance, approved the minutes and filled officer vacancies. A nomination was made and seconded to elect Matt as president; members voted in favor by voice. Members acknowledged Matt's work with other local organizations and his potential schedule conflicts and agreed procedural accommodations (he would avoid making motions while serving as president).
Later in the meeting the treasurer presented account balances, pending disbursements and asked for direction on moving funds to earn interest. The treasurer reported approximately $162,000 in the money-market account and a larger sum in the business account. The board moved to retain $25,000 in the business checking account and transfer the remainder to the money-market account; members approved the transfer and also voted to accept the treasurer's report.
Why it matters: Leadership stability matters for ongoing tourism initiatives; the finance actions aim to earn greater interest on idle funds while retaining a working balance for routine disbursements and approved grants.