HomeMy WebLinkAboutCity Council Committees - Economic Development Corporation - 09/18/2007 (3) •
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KEN T
WASN1-0.
ECONOMIC DEVELOPMENT CORPORATION
September 18, 2007
Boardmembers Present: Tim Clark, Deborah Ranniger, Debbie Raplee,
Morgan Llewellyn
Officers Present: Treasurer Cliff Craig and Secretary Brenda Jacober
Others Present: Finance Director Bob Nachlinger
Clark called the meeting to order at 3:35 p.m.
Approval of Minutes. Ranniger moved to approve the minutes of
September 29, 2006, and December 12, 2006. Llewellyn seconded and the
motion carried.
Election of Officers. Raplee moved to elect the same slate of officers as
last year (Clark as Chair, Llewellyn as Vice-Chair, Jacober as Secretary and
Craig as Treasurer). Clark seconded and the motion carried.
Financial Report and Budget. Craig explained the financial reports as
distributed, noting that net assets have increased by just over $600, that
$2500 in administrative fees was taken in, that some investments had been
sold to increase cash, that the audit which is underway is expected to cost
$1700, and that net assets at the end of the year are expected to be
approximately $21,000. He added that there is only one outstanding issue.
Llewellyn moved to approve the financial report and budget. Raplee
seconded and the motion carried.
Other Business. It was noted that the next regular meeting will be held in
September 2008.
Adjournment. The meeting adjourned at 3:42 p.m.
. Brenda Jacober, City Clerk
EDC Secretary