Rhythm of the Rails

Board Meeting Minutes

October 10, 2005

 

Meeting held at Northwest Pizza/Boardwalk Bagel

In Attendance: Darlene Hendrickson, Randy Cousins, Donna Benson, Judy Sorenson, Lee Siepp, Ray Gildow, Mary Barthel, and Lilah Crowe

Absent: Jill Evans, Dave Anderson, Nancy Cross

 

Secretary’s report:  Unavailable

 

Treasurer’s report (& finance committee): Judy volunteered to take over for Donna as treasurer   and gave report.  She has been very busy paying bills and keeping finances in order.

            Production bottom line this year: Expenses $29,259  Income $24,031

Current checking account balance is $465 with $4,222 in bills not paid.  $2,963 of this is owed to the Brainerd Dispatch and agreed to be paid for by Mills.  Lee will take care of the obligation.  There is still $650 expected in from advertising sales.           

There is also an unspecified amount to be paid on the credit card.  Lilah will clarify how much of the balance is owed by ROTR.

Additional money is still expected in from the Founding 50 and bills will be paid as this money comes in.  Lee will do some followup on those who have committed to this and not yet contributed on their pledge.

$2,000 from Initiative Foundation will also come in once the land is acquired.

$3,000 grant money may also become available once grant is written.

 

Site update:  Jim Mason has volunteered to draft the deed for the property which has to go to the

                        railroad and then the city attorney and city engineer.

 

New business:  Darlene to contact Dave Anderson regarding his desire to continue serving on the             board.  Accepted Laura Oldham’s resignation.

            Mary Scott will be filing our 990 with the IRS by 11/15/05.  May need valuation of our

            assets.  Judy will work with her on this.

 

Next meeting tentatively set for 12/12/05, however board felt best to change the meeting date if

            necessary to allow for Jody to attend when he is back.

 

Respectfully submitted

Randy Cousins

Board secretary