Members Present: Tom Pfaffl, Riley Ethington, Ronnie Styles,
Robert Graham, Cindy Maddox, James Hardin,
Robert Frick
Secretary's Report
The minutes of the board meeting of
May 14,
2004 were approved as written.
Re-election of Officers
All officers of the board were re-elected
to their current positions.
President- Riley Ethington
Vice-President- Robert Graham
Treasurer - Ronnie Styles
Secretary - Tom Pfaffl
Mailings
The board approved two separate mailings.
The first mailing will be the newsletter,
the General Meeting, and Board minutes
for
July 17, 2004. A letter will shortly
follow
to all members for the one-time assessment
of $120 as approved in the general
meeting.
Contractor's
We received a letter from our CPA stating
that we need signed W-9 forms and that
we
must file 1099-MSC for all contractors
paid
in excess of $600 by our association.
This
will be a requirement for all new contractors
starting in 2004 and existing contractors
starting in Jan 2005.
Line of Credit
The board approved a motion to look
into
the possibility of obtaining Line of
Credit.
Next Meeting
Subjects for next meeting include:
-Line of Credit
-Limit on Reserve Fund
-Progress on 1st Year Improvements
-Special committee membership
The next meeting will be held at 10:00am
on October 23, 2004, at James Hardin's
home.
Meeting Adjourned
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