January 2007 Board of Finance

Wednesday, January 17, 2007

Attendance
Penny Austin, David Ferguson, Linda Hunt, Steve Moberly, Janice Stockton, and John Walsh.
Absent
Pat Steele
Staff
Steve Backs, Ned Baugh, Bonnie Estell, Cindy Gray, Chris Jackson, Cass Owens, Sue Sater, and Bara Swinson.
Others

Tom Bunger

Call to Order

The meeting was called to order at 6:50pm in CATS Studio A by Vice President Janice Stockton.

Election of President and Secretary

Janice Stockton nominated Steven Moberly for President. Penny Austin seconded. The vote was unanimous.

Stephen Moberly nominated Penny Austin as Secretary. John Walsh seconded. The vote was unanimous.

Investment Report

Bonnie presented information, and stated that investments total to $29,502.00.

Discussion followed on spending money (why we do not spend money through investments). Steve Moberly suggested that the Board receive quarterly reports on investments. David Ferguson suggested that we either spend the amount of investments, or move it into our checking account. Linda Hunt stated that we shouldn't just let $30,000 sit.

Designation of Newspapers

Janice Stockton reported that there is a requirement that the Board of Finance select two newspapers annually for the publication of legal notices. Janice explained that the Herald-Times and the Ellettsville Journal are the only two newspapers that meet the criteria.

David Ferguson moved to designate the Herald-Times and the Ellettsville Journal as the selected newspapers. John Walsh seconded. The vote was unanimous.

Adjounment
The meeting adjourned at 7:20pm.