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Seaside foundation reports $22,413 balance; state grant and donations funded flooring and other projects
Summary
The community center's foundation reported a balance of $22,413.58 and discussed recent donations, a $25,000 state grant plus a $5,000 match used for flooring, a $3,000 sign insert purchase and tournament revenues and expenses.
At the Dec. 3 meeting the commission reviewed the foundation report and recent foundation-supported spending.
Speaker 1 reported a foundation balance of $22,413.58 and outlined disbursements tied to the main hall refresh. He said the foundation previously raised about $52,000 and transferred funds to the city to start the refresh project. The commission discussed a $5,000 donation tied to the estate of Florence Bell: Speaker 1 explained the check was initially written to the wrong account and had to be reissued.
The chair said the state awarded a $25,000 senior-related grant, which the foundation leveraged with $5,000 to complete a roughly $30,000 flooring project for the art room and two bathrooms. Other foundation expenses included donor recognition payments (Jeremy Furnish was paid $4,000 in two installments for a donor tree) and a sign insert purchase that cost about $3,000 plus $725 shipping; the commission also paid $425 for LED retrofit bulbs.
Event revenue: Speaker 1 reported $4,040 in team registrations for the Fascination tournament with roughly $1,530 in expenses (about a 37% cost rate) and a raffle that raised $916. Commissioners discussed modest increases to team fees to cover rising food costs.
The foundation account had limited activity; the last noted deposit in the transcript for the fund was in February (raffle and tournament deposits listed). The commission asked the finance manager (Chris) to clarify why a recent $3,000 posthumous donation was showing as an expense on the report rather than revenue.
