Hart Ranch Camping Resort
Quarterly Meeting
February 11,2012 9 a.m.
Meeting was called to order by Pres. Ripperda. All board members were present, and a few members.
Meeting opened with the Pledge of Allegiance.
Motion by Johnson,2nd by Hixon to approve the agenda with the addition of elections under new business. Motion carried.
Hixon motioned, Walls second, to approve the Nov. 5th Quarterly meeting minutes. Motion carried.
Sec. Day read the work shop minutes of Feb.9th and Feb. 10th. Hixon and Johnson motioned to accept the work shop minutes. Motion carried.
Treas. Johnson gave the treasurer’s report
Balance Sheet
Pioneer Bank $331,367.83
Black Hills Fed. Credit Union $76.73
ATM Cash $28,600.00
Miscellaneous Cash Items $4656.50
Accounts Receivable $ 81,455.09
Total Current Assets $565,453.81
Total Fixed Assets $4,698,145.68
Total Assets $6,566, 254.24
Total Liabilities $558,945.00
Total Equity $6,007,309.24
Total Liabilities and Equity $6,566,254.24
Profit& Loss Statement to Date of 8/31/2011
Total Income $1,743,410.85
Less Cost of Goods Sold $200,960.66
Net Income $1,542,450.19
Other Income-Dividends/interest/etc $42,190.14
Total Income $1,548,640.33
Total Expenses $1,236,965.22
Total Other Expenses/Depreciation/etc. $270,722.71
Total Expenses $1,507,687.93
Net Income 1/1/2011-8/31/2011 $76,952.40
Pres. Ripperda gave an explanation on why the strategic planning committee was dissolved. She explained that with the vision of the new manager for Hart Ranch, in addition, also due to some of the committee members not returning to Hart Ranch, that a strategic planning committee is not needed at this time.
Mgr. Tim gave an update of his vision of improving the quality of services to members, improving the comfort of the cabins, the Anderson Lodge will be getting an updated 5 star look. He is looking into generating addition revenue utilizing the cabins while not interfering with members’ time usage. Tim’s’ focus is on member service, up keep of Hart Ranch, and opening up sales opportunities. He intends on attending RV shows and being proactive with dealers in the area of incentives for referrals.
There will be no election at the annual meeting this year, as only two members have submitted resumes for the two vacancies. These members are Harry Hixon and Bob McCormick.
Meeting adjourned.
