East Brookwood Water Association Meeting
10/01/03
Location: Franks Pizza 7:00pm
Attending: Tom Migliorino President
Bob Moschella Vice - President
Rich Stopa Treasurer
Chris Cartwright Recording Secretary(absent)
Chris Basile Corresponding Secretary(absent)
Residence Attendees: 0
Call to Order: Meeting was called to order Bob Moschella 7:12pm.
Minutes – Tom read minutes from 9/3/03 Board meeting.
Acceptance on Minutes: Rich made motion to accept and Bob seconded the motion for meeting notes 3/4/03. Tom signed the minutes and put in his files.
Treasure report – Provided by Rich Stopa
· Bank CD’s Total = $46,071.79
· Money Market = $22,073.27
· Cash on hand = $1,122.68
· Outstanding Balance Due = $ 3,755.97
· Current Monthly Income received=$9,183.52
· New Loan Checking Account = $253.14
· 2003 Interest To Date = $110.09(money market)
· 2003 CD Interest=$684.72
· 2003 Expenses to Date = $94,868.74
· System Upgrade Project Payment =$53,553.66
· Income From Loan Requisitions = $54,438.00
· Infrastructure Loan Balance = $ 1,069,562
· YTD Cash Collected as of 10/1/03=$100,137.33
· Byram Twp Trust Fund Account=$1,050.00
Old Business:
o Lien Update - 3 Wildwood lien. Complete
New Business:
o Fred not getting paid until contracts are signed, DEP Regulations.
Chadler Group taken care of. General liability insurance. Liberty Mutual handles workers comp insurance.
o PNC Bank, Toney & Schellinck signed deed agreement.
Fall Meeting: Elections for Office’s of Vice President & Corresponding Secretary. Meeting is held at Town Hall at 7:00pm.
By 10/15/03 Bylaws must be printed and Mailed
.
Roberts Rules were in effect during this meeting.