President Chuck Jenkins called the Monthly meeting to order 730am at the Washburn County Economic Development office located at 208 Vine Street, Spooner, WI.
Present: Chuck Jenkins, Rob Paine, Mike Bobin, Ken Schultz, Rob Lester, Lloyd Wallace, Bill Marx and Jim Bethel.
Absent: Skip Fiedler, and Morris Gillett
Others Present: Margie Quinn, and Greg Krantz
Concerned Citizens: None
Approval of Agenda- Rob Paine made a motion to approve the monthly agenda, Lloyd Wallace 2nd the motion. M.C. by unanimous vote.
Approval of Meeting Minutes of June 20, 2012
Minutes of the previous meeting June 20, 2012 were circulated. Rob Lester made a motion to approve the minutes, Ken Schultz 2nd the motion. M.C. by unanimous vote.
Treasurer’s Report by Jim Bethel – Jim read the monthly Treasurer’s report. Jim reported on the monthly bills. The total expense for part of June through August 15, 2012 was $11418.41with a checking account balance of $52319.33 and an additional $9468.00 in the CD account to be used for ½ marketing expenses, ½ for business plan development, and 501 (c)(3) expenses to the IRS and Anderson Hager and Moe. RMAP funds to interest income on a loan in the amount of $4712.21 Technical Assistance in the amount of $14685.50, and Loan Loss Reserve at $1750.00. Total available funds are $82935.84. Marge Quinn has provided board members with a Treasurer Report, P&L monthly and a balance detail from QB. Bill Marx made a motion to accept the Treasurer Report and pay bills, 2nd by Rob Paine. M.C. by unanimous vote.
Discussion/Action on New Computers/Microwave- Lloyd Wallace made a motion to approve 2 new computers not to exceed $1500.00, and a microwave not to exceed $100.00. WCIDA has offered to pay for Marge’s Computer. M.C. Amended motion made by Mike Bobin to approve 1 computer for Greg Krantz not to exceed $750.00, and a microwave not to exceed $150.00. Rob Lester 2nd the motion. M.C. by unanimous vote.
Director’s Report- Greg Krantz
Greg circulated a Director’s report. Greg stated he has spent a large amount of time on the Civic Center. Greg commented on the follow up visits made to various communities, and attended Bid meetings with updates on the Civic Center. Greg met with FDIC Bank Examiners to determine relationships with WCEDC/WCIDA. Rob Paine has requested the Director’s report be sent with the agenda and minutes as in the past, so board members have time to review before the monthly meeting. M.C. by unanimous vote.
Preliminary Budget for 2013- Greg Krantz circulated an excel spreadsheet of 2013 Budget. Marge and Greg put together the revenues with expenses for the budget proposal for 2013. Marge Quinn circulated the expenses and revenues on a spreadsheet as well stating where WCEDC is at as of June with the 2012 Budget allowances. Mike Bobin made a motion to approve the Tentative Budget for 2013 and send to the County Board for review, Ken Schultz 2nd the motion. M.C. by unanimous vote.
Other Concerns:
Agenda items for July Meeting - WCEDC – to be determined
Next Monthly Meeting: Meeting September 19, at 730a.m. – Washburn County Economic Development Office located at 208 Vine Street, Spooner, WI 54801
Mike Bobin made a motion to adjourn, 2nd by Rob Lester. M.C. by unanimous vote.
Draft only! Board needs to approve at the September Meeting. Respectfully Submitted by Margie Quinn