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Finance Committee Meeting Minutes; September 12, 2018

MEETING MINUTES HISTORIC ARCHIVE

Type

Year

 

  Mad River Glen Cooperative

Finance Committee Minutes

September 12, 2018

 

Attendance: Sharon Crawford, Geordie Hall, Annika Holtan, Meg Hourihan, Matt Lillard, Eric Palola, Andrew Snow, Deb Steines, John Stetson, John Tobin, Brian Williams,

 

The meeting was brought to order at 8:00 AM by Meg Hourihan, MRG Treasurer and Finance Committee Chair.

 

Approved June minutes.

 

Summer Review – Matt Lillard:

  • Productive summer, $239k in campaign funding for Excavator, trail work, bridge & culverts, birdcage deck and fire alarm, snowmaking pump & house, Lift 4 work

 

Financials:

  • LOC for this year will be $325k
  • Payment timing for bills are being assessed
  • P/L – continue to work on Basebox revenue, COGS, and cost of labor
  • New web site continues to be a work in progress
  • Year end NOI projected at ($110k)
  • Cash flow included now for 2018-19,

 

Future meetings

  • Discuss John Tobin’s modeling
  • Matt & Andrew will begin the process looking at MRGs stats
  • Decide which ones would be useful for the board to receive annually

 

 

The meeting adjourned at 8:30 AM.

Next meeting, Wednesday, November 14th at 8:30

Respectfully submitted,

Deb Steines, member Finance Committee

And

Meg Hourihan, Chair Finance Committee and Treasurer