3rd QTR. MAAST BOD MEETING
September 25th, 2016
AGENDA/ GOALS OUTLINE/ Minutes

PLACE: Coral Cove
TIME: 12PM
ATTENDANCE: Zach, Justin, Mike, Sherri, Rebecca and Cheryl
ABSENT: None
30-day notice WAS given

CALL MEETING TO ORDER: at 12:24 motion by Zach and 2nd by Justin

I.
A. SECRETARY TO READ MINUTES FROM PREVIOUS OFFICIAL BOD MEETING
1. OLD BUSINESS

Raffle Vote: Finalized February 28th. After a second round of a tie vote, we settled on $850 budget for each swap to pay for raffle prizes with a review to occur before November’s swap. I’d like to hold a vote to confirm the $850 budget rather than increase or decrease.
Motion made by Zach and 2nd by Cheryl to keep the 850.00 budget.
Voting
Yes: 6
No: 0
Abstain: 0

New board members: Due to the scope of LMAR, we opened up 2 board positions. Rebecca was nominated and voted in effective September 23rd.

Robert Talamante’s Resignation: Robert notified me that he would be resigning from the board of directors. We need to vote today to confirm his resignation.
Motion made by Zach and 2nd by Justin to accept Robert's resignation.
Voting
Yes: 6
No: 0
Abstain: 0

II. Finances as of 9-26-16
o Checking: 1137.57
o Savings: 1598.56
Paypal: 3459.95
o CD: 6896.23
o Total: 9978.31

The BOD had a discussion about increasing the transparency in regards to how the clubs money is being spent each month. Currently the Financial Report only provides the current dollar amount in each account. It does not reflect how the funds were used with respect to the budget, which is a reflection of the quarterly increase or decrease in charter member dues with respects to the previous year.