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Mad River Glen Cooperative  Finance Committee Minutes - August 13, 2015

Attendance: Jim Elkind, Andy Dulik, Geordie Hall, Pete Ludlow, Bill Reynolds, Andrew Snow, Deb Steines, John Stetson, John Tobin, Jamey Wimble.

 

The meeting was brought to order at 8:00 AM. 

 

Jim moved to approve the minutes of the 7/9/15 meeting; seconded by Bill. All voted to approve the motion. The approved minutes will be posted.

 

Jamey presented the July financials. Basebox income & expenses were both up as the summer weekends are busier this year. Last year we broke even on BaseBox weekends and this year Jamey expects a modest NOI.

 

Bill asked about the campaign legal expense line item and Jamey explained it was for time spent on the Memorandum of Understanding with SMF.

There was some discussion as to other alternative POS systems. Geordie made a motion to recommend the purchase of

Jamey proposed that we add $11,000 to the summer spend for a POS (point of sale) system for the pub. Currently it is very hard for staff to keep up with orders when it gets busy. One local establishment paid for their POS in the first year. the POS system. Deb seconded. The motion passed unanimously.

 

Deb asked about share sales. 33 shares have been sold in this FY and there 21 shares to be tendered.

 

Geordie moved to adjourn, all voted in favor.

 

The FC will meet again at 8:00 AM on Thursday, September 10. The meeting adjourned at 8:20 AM.

 

Respectfully submitted,

John Tobin, Treasurer

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