MBCA Meeting Minutes – 13 December 2011
(Please See Complete Budget and Meeting notes in this download(You will need Adobe PDF reader)
The Budget Meeting of the Manhattan Beach Civic Association was held on Tuesday December 13, 2011. 19 voting members were present, representing 23 votes.
Secretary's Report – There was not an official meeting in September or October as quorums were not met. We asked Huff Insurance to solicit quotes and Marcelle Lee is getting additional quotes. Marcelle Lee was voted in as Treasurer of MBCA.
Treasurer's Report – General Account 62,235.78
Tax Benefit 7,692.52
Comm Build Fund. M.M. 100,933.77
Total 170,862.07
Value of CD will be forthcoming (previous balance was $8,439)
MBCA banking had been done with Wachovia and it has become Wells Fargo.
Marcelle Lee stated that the annual audit for the state of Maryland is due in 2012. Marcelle will work with our contracted accountant Daniel Houle, CPA to complete the fiscal year audit of 2010-2011 financials. We will not get any new money from the County until we send in our financials.
Comment from Gerry Ridgeway that the statement from Magothy Marina seems high. Marcelle will look into this. Question from Bob Ferrier about which slip we own at the marina will be looked into by Marcelle.
Old Business: Community Projects –
Mike Frye stated that the surveying will be completed by December 31, 2011. Augie Pasquale reported that Tom Wilkes is doing the designs and permit processing for Oak Grove Beach (2 jetties), Dividing Beach(2 jetties and 2 drains) and Boat Ramp (6ft decking in same path, 20 x 10 platform parallel to the beach, contractor to do pilings. MBCA will do planks to save money). Cost for these projects was budgeted in 2011 $16K and in 2012 budget there is $16K.
New Business:
Marcelle Lee was elected as MBCA Treasurer.
Mike Frye asked if there were any questions about the FY 2013 Budget. No questions.
Mike- This year’s budget is almost the same as last years, it includes $16K for beach improvements.
The budget as presented in the Nov mailing was as Follows (details are posted on the website)
Income Tax Benefit 92,550
Less AA CO admin fee -2,000
Net Income 90,550
Operation & Admin expenses 15,425
(covered by the first $25 of annual dues 617)
Budget request for Community 30,850
Maint. & Improv.
(Next $50 of dues is only used for M&I projects)
Budget requested for the 44,275
Community Building Fund
Total 90,550
Mark Sheid made a motion to accept the FY13 budgets as submitted. Gerry Ridgeway seconded the motion. The motion to approve the budget was voted on and approved by all members present.
Other business/comments
Steve Bishop commented that the boat ramp information on the website needs to be updated. Keys for the boat ramp are available at Steve’s house over the winter. He will also order new keys earlier this year so they will be available in March. Mike Frye will get the website updated.
The meeting was adjourned.