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Board accepts unaudited financials and approves prior meeting minutes; Series 2022A note to be closed
Summary
The board accepted unaudited financial statements as of Oct. 31, 2024, agreed to close the Series 2022A note and apply funds to prepay bond debt, and approved corrected Oct. 22 meeting minutes with several edits.
Mrs. Adams presented the unaudited financial statements as of Oct. 31, 2024, and advised the Board that the Series 2022A note will be closed with funds applied to prepay bond debt. Mr. Blumenthal asked why the Oct. 1 annual insurance payment was not listed in the check register; Mrs. Adams said she would investigate and report back.
The Board also reviewed and approved corrections to the Oct. 22, 2024 regular meeting minutes (several name corrections and acronym fixes) and voted to approve the amended minutes on a motion by Mr. Blumenthal, seconded by Mr. Mountford.
