Finance & Legal minutes: 2008-02-09

Minutes:

Finance Committee Minutes
Feb 9, 8pm

Present: elph, aaron, kelly

Agenda

1. Closing 2008 books / rebate
2. Credit union changes
3. Touchstone CH Proposal revised v.4
4. Accounts Receivable (AR) report
5. Revise policy on late association dues
6. letter from concerned member

1. Yup, no rebate. Too high a balance of past due association fees.
2. With Sunrise merging with a larger credit union we will take
another look at using UMCU. Two factors that kept us at Sunrise were
1) they knew community and 2) their online banking was better than
UMCU.
3. Rounded up to $400 - seems high enough but not so too high.
4. Behind by over $7000
5. Need to pile up all out sticks and carrot ideas and go through
them. homework for next meeting. Bring sticks and carrot ideas.
6. We read a letter from a concerned member that she will not be
paying the increase in this year's association because she does not
want to pay for those lagging in their monthly fees.

adjourned 9:15 pm

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