• Trails Open: 28
  • Lifts Open: 4
  • New Snow: 0-0"
More Lifts / Trails
  • Surface: Variable...
  • Temp: 34°F
  • Windchill: 34°F
More Weather

Attendance: Bruce Button, Sharon Crawford, Jim Elkind, Richard Gervase, Geordie Hall, Meg Hourihan, Annika Holtan, Matt Kenney, Pete Ludlow, Deb Steines, John Stetson, John Tobin                          

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

The minutes from December were reviewed. Meg Hourihan moved to approve, Geordie Hall seconded. All were in favor.                                                                       

John Tobin brought the committee up to date on the audit. Review of the draft audit has been deferred for one month. After discussion with the accountants about the missing numbers from Note #6, the accounts are reviewing the coding for the campaign to make sure we are in compliance with our attorney’s recommendation. Jim Elkind asked if share redemptions had been paid out. Sharon Crawford replied that they had. Jim pointed out that the equity of the shares is calculated from the audit. Sharon said that number would not be changing. John Tobin acknowledged Jim’s point regarding the redemption process.

Sharon Crawford reviewed the December financials. Income was 3% over budget. For expenses, Basebox expenses were 45% over budget due to the new roof, a new tap system, a new POS system, and supplies. Coop expenses were 42% over budget due to postage and executive search expenses. Facilities expense was 25% under budget due to lower salary costs, lift & vehicle parts, and fuel. Office/admin was 30% under budget due to timing on computer expenses, payroll, & supplies. Overall expenses were 9% under budget and NOI was 35% over budget.

Bruce Button suggested that our anticipated monthly fuel bill be booked as accounts payable.

Meg Hourihan moved to adjourn, seconded by Bruce Button. The meeting adjourned at 8:37 AM.                        

The Finance Committee will meet again at 8:00 AM on Thursday, February 9.

Respectfully submitted,

John Tobin, Treasurer

SIGNUP FOR SNOW REPORTS & NEWS