Meeting Location

VIA ZOOM Meetings Online

Call To Order at 9:05am

Members Present

Michael Parrie, Sheldon Atovsky, Monique Fouant, Jean Shamo, Cheryl Ronnett

Management

Dave Barnhart, Property Supervisor; Timothy Patricio, Property Manager; Tricia Bulaclac, Assistant Manager

Statement of Purpose of Meeting

Board Treasurer Jean Shamo called the meeting to order and opened the meeting explaining this would be the first of three expected budget review meetings.

Review of Proposed Budget

Board Treasurer Jean Shamo explained the goal of the meeting was to review the budget expense categories: Administrative, Operations Expenses, Contracted Expenses, Utilities, Maintenance & Repairs and Recreational.

Rebecca Rossof and Oliver Tugend from the Inactive Budget & Finance Commission were invited to participate.

Rebecca Rossof was present to provide guidance and insight.

Discussion and Questions

Jean Shamo chaired the discussion, beginning with Administrative Expenses. Members discussed each section as planned. Questions and concerns were discussed as needed with members and management. Each member was given the opportunity to raise points or questions for discussion of any budget line item. Management took notes for any editing, gathering information and direction for follow up. The meeting proceeded ahead of schedule, and the decision was made to also go over the ‘Other Revenue’ category.

Adjournment

After a motion by Jean Shamo, seconded by Michael Parrie, the Board of Directors voted unanimously in favor of adjourning the meeting at 10:41pm.

Signed (as seen on pdf of official minutes for this meeting, upper right corner of these minutes).

Michael Parrie, President

Sheldon Atovsky, Secretary