Mad River Glen Coop
Finance Committee Meeting
November 3, 2003
Committee meeting called to order by committee chair Deb Steines at 4:00 PM via conference call.
Committee members in attendance: – Eric Schoenholz, Jed Kalkstein, Andy Dulik and Deb Steines, Chair.
Absent: - Leigh Michl and Roy Liu
Shareholders in attendance: none
MRG Staff: Jamey Wimble and Andrew Snow
Approved – May 7, 2003 meeting minutes.
Patronage Rebate – based on balance sheet positions and required capital outlays over the next several years the finance committee does not recommend a patronage rebate for 2002-2003.
Reserve Funds – After the 2002/03 statements are finalized the finance committee will recommend an additional reserve fund be set up by the board.
Next meeting on will be in December to review 2002/03 year end numbers and reserve recommendations based on prior years operating income. We will also try to get together over the holidays for social purposes.
The meeting adjourned at 4:50PM.
Agenda items for the next meeting:
· Reserve Recommendations.