General Board Meeting called to order at 3:02 p.m. by President Mr. Schloss. Present were Directors Mr. Schloss, Mr. Bettag and Mr. Meyer, and Ms. Vincent. There were no Citizens of the District present.
Motion by Mr. Meyer to accept the agenda as printed, 2nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Motion by Mr. Meyer to accept the minutes as presented from the general sessions of January 9, 2008, January 22, 2008, and January 29, 2008, 2nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Mr. Meyer gave the treasurer’s report for the month ending January 31, 2008.
Mr. Meyer reported that revenue collected through the lockbox in January was $30,888, just under budget.
Mr. Meyer stated that the District purchased three new CD’s, due in March, April and May at 3.46% that have short mature dates, but we wanted to take advantage of interest rates before they drop any lower. The District earlier purchased 7 CD’s at 4.66% all due in June.
Mr. Meyer stated that actual expenditures for the first month of the year are at 6.5%, or lower than the normal 8.3% for this time of year.
Mr. Meyer reported that we collected $659,335 in tax revenue in the month of January.
Motion by Mr. Bettag to accept the treasurer’s report as presented, 2nd by Mr. Meyer, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Chief Svetanics’ report stated that the Smeal Apparatus Company signed an agreement that we would earn 5% interest on the $106,000 amount that we still owe for the new pumper if we paid it to them now, earning interest until the pumper is finished. The Board agreed that it was a better investment than the 3.46% interest now being offered at area banks.
Chief Svetanics’ report also stated that one of the engine room doors was broken and that new springs had to be replaced.
Board Meeting
February 20, 2008
Page 2
Monthly reports presented on training by each crew member, maintenance report, fire incident report and summary, ambulance statistics, ambulance monthly lockbox report and MediClaims report, public relations report, community services report, wage report, South County Fire Alarm Association’s Treasurer’s report, CD List, MSD permit fees and a Thank-you letter from a resident.
Motion by Mr. Bettag to approve the amount of $130,000 to be given to Principal Financial for pension disbursement to employees for Year 2007, 2nd by Mr. Meyer, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Motion by Mr. Meyer to accept the engagement letter received from auditors Sailor & Kahn to perform the District’s 2007 audit, 2nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Mr. Schloss suggested that the health insurance discussion would be postponed until we hear back from our insurance agent Mr. Butz.
Next general meeting scheduled for Tuesday, March 18, 2008 at 3:00 p.m. The regular open meeting for bill discussion will be on Tuesday, March 25, 2008 at 3:00 p.m.
Motion by Mr. Meyer to adjourn general meeting at 3:55 p.m., 2nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.
Respectfully submitted,
John C. Bettag, Secretary
JCB/pgv