Lynn Larson sat in for Pat McGroarty and gave the treasurers report. There were no residents in attendance. Steve Goldberg submitted report that there are no problems with the guard service. Art reported that two automobiles were valdalized during the month. Lynn Larson reported that the budget is on schedule and see no problems in meeting annual budget limitations.
Several residents are behind in quarterly payments by several quarters.
Actions regarding late payments will await the return of Pat McGroarty. The financial report was accepted by the Board. Bruce Baker initiated further discussions regarding the investment of Associaton funds. Concern is further erosion of fund value. Art Stanley suggested that the topic be proposed for discussion at the next Annual Meeting.