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Chair approves treasurer's report after brief finance update; meeting moves to closed session
Summary
The meeting approved the agenda and minutes, heard a treasurer's report that said net assets were slightly negative and noted accounts payable to the county, approved the report, and voted to enter a closed session.
The chair opened the meeting, confirmed a quorum and asked members to approve the agenda, which passed on a voice vote. The consent agenda followed and the board approved minutes from its Feb. 17 meeting.
A staff member delivered the treasurer’s report for the period ending Feb. 28, saying, “Our net assets… are in the negative slightly,” and noting that accounts payable — the largest of which is to the county — remain on the balance sheet. The staff member said some of the liability relates to land that was donated and that the group will need to revisit how to remove that donation from the balance sheet.
A committee member added detail about a recent United Way award previously approved by the board, saying the funds were submitted this week. The member said approximately $19,000 was involved, with about $14,000 expected to be disbursed to help a homeowner and that roughly $14,000 of the $19,000 relates to the United Way grant.
After discussion, the chair called for and received a motion to approve the treasurer’s report; the motion passed by voice vote. The chair then moved the meeting into a closed session; the motion was seconded and carried.
No formal statutory citations or ordinance numbers were presented during the public portion of the meeting. The meeting record shows the board approved routine procedural items, reviewed current financial status and grant disbursement plans, and proceeded into a closed session for matters not discussed on the record.
