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Mad River Glen Cooperative
Finance Committee Minutes
September 10, 2015


Attendance: Bruce Button, John Eberlein, Jim Elkind, Geordie Hall, Annika Holtan, Pete Ludlow, John Stetson, John Tobin,
Jamey Wimble.


The meeting was brought to order at 8:01 AM.
John Stetson moved to approve the minutes of the 8/13/15 meeting; seconded by Jim. All voted to approve the motion.
The approved minutes will be posted.
Jamey presented the August financials. We were $15K ahead of budget for August. The Facilities expense was under
budget due to timing, and had been over budget in the previous month. The recently purchased POS has been
capitalized. Our cash is $40K ahead of what Jamey expected for August. He said he couldn’t make a specific correlation
for this increase but that we have an increase in pass prices this year. He is anticipating $20K coming in from the capital
campaign in September.
There was some discussion of our credit card expense. Jamey said that we have a good rate with our current card
processor. Discussion ensued on what can be done to encourage shareholders to make purchases by check rather than
credit card, and if we can set up automatic ACH debits. Jamey said he would look into this.
Pete moved to adjourn, seconded by Bruce, all voted in favor. The meeting adjourned at 8:17 AM.
The FC will meet again at 8:00 AM on Thursday, November 12.
Respectfully submitted,
John Tobin, Treasurer

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