HART RANCH RESORT
BOARD MEETING
SATURDAY, NOVEMBER 1, 2014
Meeting was called to order at 10AM by President Karen Ripperda. All board members were present.
The Pledge of Allegiance was recited. Three members attended the meeting.
The board approved the agenda and Kathy presented the workshop minutes which were also approved by the board.
Vikki presented the treasurer’s report as of September 30, 2014. Approved by the board.
Pioneer Bank checking account was $93,062
Pioneer Bank Money Market balance was $4,131
Black Hills Federal Credit Union balance was $77
Med5 Federal Credit Union was $25
Pioneer Bank Expansion Money Market was $1,250
Trust Account at Pioneer Bank was $13,316
Cash on hand in the ATM machine, petty cash, change funds were $10,660
Certificates of Deposit was $403,950
RBC Wealth Management Investments was $189,643
Community Bank $254,769
Black Hills Federal Credit Union was $120,903
Synchrony Bank was $122,140
According to the balance sheet, as of September 30, 2014, total assets were $5,717,020 and member’s equity was $5,213,915.
Bob reported the membership report which was approved by the board:
Total memberships were 3989 which was up 40 members as of January of this year. Also, reported was a breakdown of the home addresses of our members. 73% are from a 4 state region including 1,700 in SD, 400 in MN, 250 in Wyoming, and 200 in ND.
Tim, the resort manager, reported 69, 615 units (sites and cabins combined) were occupied including YTD as well as forecasted numbers for the remainder of the year. This number is 210 short of the record of 2010. Rest of report reflected in Workshop Meeting notes.
No old or new business.
Meeting was adjourned at 10:40 AM by President Karen Ripperda.
