President Ripperda called the meeting to order at 10 a.m., board members, Ripperda, Hixon, Johnson, Walls and Daypresent.
Management staff that were present was introduced by Manager Tim Schnabel. Board members introduced themselves.
A motion was made to approve the agenda with addition of the 2011 Audited Financials to be added to be approved. Motion carried. Motion made to approve financials – carried. Motion was made to approve the June 22nd Work Shop minutes, with a correction to list all board members were present. Motion passed.
Treasurers Report was given by Matt Johnson.
- As of May 31, 2012,
- Cash in the Pioneer Bank checking account $ 53,034
- Pioneer Bank Money Market balance $932,235
- Black Hills Federal Credit Union balance $ 77
- Pioneer Bank and Trust balance $ 770
- Cash on hand in the ATM machine, petty cash, and change fund $ 7,915
- Certificates of Deposit $295,326
- RBC Wealth Management Investments $349,419
- As of December 31, 2011
- Total Assets $6,569,048
- Total Liabilities $ 953, 952
- Member Equity $5,615,096
Motion made to accept treasurers’ report, it was seconded and all voted in favor.
Membership report was read by Jim Walls.
Active: 3,961 (Totals inclusive of 1FT, 1MT, A, B, C, & P)
Suspended: 15
Terminated: 115
Mutually Released: 84
Total: 4,176
Motion and a second to accept report, approved.
Hixon updated the membership on the long range planning sessions that were held in May. In addition to the workshop minute’s report of project completed Hixon noted that additional trees have been planted, a security vehicle and new playground equipment was purchased. The Hart Mart has new flooring. Hart Ranch will be residing damaged cabins this fall and winter. In 2013 projects will include looking into new cabins, and finish the central irrigation project. Other projects for 2014 are resealing the North side of the campground roads, and updating the comfort stations and the lodge. At this date $664, 000 is set aside for long range plans. Motion was made and seconded to approve, all voted in favor to approve.
President Ripperda gave clarifications to the amended by laws that have been updated in the Bylaws, policies and Rules and regulations. The board heard comments from the membership.
Resort Manager Tim Schnabel reported that not only does the Hart Mart have new flooring, but new merchandise as well. Stain is done on the front of the Lodge, to be completed this summer. Comfort stations and Cheyenne cabins will also be re stained. The futons are being phased out of the cabins and replaced with hide bed sofas. WI-FI is better, it is an ongoing process. HR will help individuals use the correct channels for broadcasting.
The Board recognized and thanked Jim Walls for his years of service to Hart Ranch. Jim Walls has served twice as board of director and has given much wisdom and guidance in that capacity. President Ripperda thanked the Mitchell Shooters for setting up a fun activity for the members. The Shooters will be back next year as well. President Ripperda thanked the work campers and staff for their dedication and great work ethic. Hart Ranch could not be the 5 star Resort that it is without such a wonderful staff.
Harry Hixon and Bob McCormick ran unopposed for the vacant seats on the Board of Directors. Their terms run from 2012 – 2015.
Meeting adjourned.
Secretary, Vikki M Day
