Finance Committee Meeting Minutes; September 10, 2014

Mad River Glen Cooperative
Finance Committee Minutes
September 10, 2014

Attendees: Andy Dulik, Annika Holtan, Bruce Button, Deb Steines, Jamey Wimble, Jim Elkind, Pete
Ludlow, John Stetson

The meeting was brought to order at 8:00 AM.
Jamey presented the August Financial reports, with comments and discussion as follows:
1. Other income is up due to the sale of a single chair.
2. Basebox expenses are exceeding revenues. Jamey will review pricing and offerings.
3. Electrical costs are less than budget due to a credit from GMP in earlier periods.
4. Still projecting a loss of $166,000.
5. The balance sheet includes cash from the line of credit. The loan will be retired in early October.
6. Jamey will review the Deferred Project Costs for BAMP with the accountants.
The meeting adjourned at about 8:15 AM.
Respectfully submitted,
John Stetson
Treasurer