Finance Committee Meeting Minutes 8/31/19


FINANCE COMMITTEE

SEAGLASS VILLAGE

August 31, 2019

9:00 a.m.

Finance Members Present: Howard Raff, Joan Kleger, Jill Jones, Maureen Santiano, Alex Ucciferri, and Richard S, Gregorio (Chair).

Board of Directors Present: Judy Mosley

Guest: Deb Perry, Donnie Sanborn

Call to Order – R. Gregorio called the meeting to order at 9:05 a.m.

  • Deb presented the Entertainment budget. They are looking for a subsidy of $10,500. $500.00 can be dropped. Donnie added it for credit card fee, but Deb noted it was already included.

  • The board reviewed the current budget and asked various questions.

  • Board suggest asking Rental about eliminating linen service saving $11,000. Also, board recommends increasing fees, could $10,000 (net). Alex to talk to Rental on these recommendations.

  • New staffing increased budget $24,000.

  • Richard is going back to EMOC to request 3% reduction.

  • Donnie & Bobbi to review budget for any unbudgeted expense.

Adjournment – 10:40 a.m.

Respectively submitted: Richard S. Gregorio


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