FINANCE COMMITTEE MEETING MINUTES 
October 16, 2012 
1. Roll Call 
7 pm by Don Otto 

COMMITTEE MEMBERS Present Absent 
Don Otto- Chairman (2013) X 
Michelle Beattie, Secretary (2013) X 
Judy Fletcher (2014) X 
John Cannon (2015) X 
Steve Denny (2015) X 

BOARD LIAISON Present Absent 
Jerry Knott X 
(Note:Wayne Walkenhorst, Faye Johnston, Tom Pollihan and Ed Hickey - BOD members) X 

STAFF Present Absent 
Ron Wilson X 

2. Approval of Minutes 
Motion to accept September minutes as presented - Motion passed 

3. Approval of Agenda 
Motion to approve agenda as presented - Motion passed 

4. Review Board of Director minutes 
September motions presented to BOD were passed. 

5. New Business 
a. Review 3rd quarter financial statements 
No significant deviations noted for the 9 months ending September 30, 2012. The CA is 
showing a $113K net profit through September. 
b. Bids for pool management 
Four bids were returned and reviewed by staff. A cost summary was submitted to the 
committee. Discussion and review revealed Pro Pool (has current CA pool management 
contract) to be the low bid and staff has been very pleased with their past service. 
Motion to approve Pro Pool bid to provide pool management for a 3 year term. - Motion 
Passed. 

6. Old Business 
a. 
2013 Capital Improvements 
Committee concluded review and discussion on 2013 capital requests. Based upon board 
input regarding priority on keeping momentum on the Jefferson Point improvements the 
committee made the following motions: 
Motion to approve $568,000 of capital improvements submitted for 2013. - Motion failed. 
Motion to approve $120,000 for Jefferson point capital improvements in 2013. - Motion 
passed. 

b. 
Election of Vice Chairman 
Motion to approve Steve Denny to Vice Chairman for remainder of 2012. - Motion passed 
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FINANCE COMMITTEE MEETING MINUTES 
October 16, 2012 


c. 
Financial Projections 
Committee continues to review funding scenarios prepared by staff and work with BOD to 
come up with a plan to meet the CA's future financial needs. It was noted the CA is in great 
financial shape to cover current obligations. The discussion and review of future 
assessment/user fee increases is to make sure the CA is adequately funded for future dredge 
expenditures. This item will remain on agenda until a plan to take to the community is 
formalized. No action at this time. 
7. Adjournment 
Motion to adjourn 
Motion passed at 8:10 pm 


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