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Mad River Glen Cooperative
Finance Committee Minutes
August 11, 2016


Attendance: Bruce Button, Jim Elkind, Geordie Hall, Annika Holtan, Andrew Snow, Deb Steines, Wimble. John Tobin, Jamey

 

The meeting was brought to order at 8:00AM. The minutes from June were reviewed. Jim Elkind moved to approve the minutes, DebSteines seconded. All were in favor. Jamey Wimble reviewed the July financials. Pub income is up due to the increased hours. Costs are down for facilities, insurance, marketing, and office due to the furloughs. Jamey was asked how the pub is doing financially and said it may run a slight loss. We sold four shares in August which is unusual for this time of year. After the June meeting some sentiment had been expressed to revisit the discussion about future cashflow projections. Geordie Hall suggested thediscussion be tableduntil the revised campaign pro-forma spreadsheet is ready in September. DebSteines asked about the schedule for revisiting the APR discussion. The consensus after the last discussion was to revisit the APR topic this fall. Geordie Hall suggested that prior to that discussion we obtain data about shareholder ticketsales.

 

BruceButton moved to adjourn, secondedbyJimElkind.
The meeting adjourned at 8:23AM. The Finance Committee will meet again at 8:00AM on Thursday, September 8.

 

Respectfully submitted,

John Tobin, Treasurer

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