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Mad River Glen Cooperative
Finance Committee Minutes
January 7, 2016


Attendance: Bruce Button, John Eberlein, Jim Elkind, Richard Gervase, Ken Frey, Annika Holtan, Meg Hourihan, Pete
Ludlow, Penny Parson, Bill Reynolds, Deb Steines, John Stetson, John Tobin, Jamey Wimble.


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


The minutes from November and December were reviewed. Bill Reynolds moved to approve the November minutes,
Pete Ludlow seconded. All were in favor.

 

Deb Steines moved to approve the December minutes, Pete Ludlow seconded.
All were in favor.


Jamey Wimble reviewed the December financials. As expected, given the lack of snow we fell well below budget for the
month. Cash is relatively low for this time of year. Based on current trends we will likely have to tap the line of credit
early this year.


Annika Holtan gave a progress report on the capital campaign. The quiet phase of the campaign is starting to produce
serious results and a significant amount of cash is expected to come from SMF grants in January. Only a relatively small
group of people has been solicited to date. She felt very optimistic about progress to date.


Jim Elkind gave a progress update on the policies and procedures for the capital campaign. They are making progress
and will have something to present to the committee in the February meeting.


Pete Ludlow moved to adjourn, seconded by Bruce Button, all voted in favor.

The meeting adjourned at 8:20 AM.


The Finance Committee will meet again at 8:00 AM on Thursday, February 4.


Respectfully submitted,
John Tobin, Treasurer

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