MONTHLY BOARD MEETING – November 11, 2020

MONTHLY BOARD MEETING – November 11, 2020

Chair Laura Rusk called the Board of Supervisors meeting to order at 5:30 p.m.; present were Laura Rusk, Kay Ryan, Jim Dier, Patty Swaffield and Cindy Gutsch.

The October 14, 2020 Monthly Board Meeting minutes were reviewed; no changes were heard; minutes approved.

 Treasurer’s Report:

$108,772.05   09/30/2020 Bank Statement Balance

$           0.00   Less 0 Outstanding Checks

$103,772.05   10/01/2020 Beginning Check Book Balance

October Bank Statement Activity

$  54,057.39   PBM Deposits

$  24,257.74   Frandsen Deposits

$           3.41   PBM Interest Earned

$           1.73   Frandsen Interest Earned

$   -5,645.82   PBM Checks Cleared

$   -6,477.58   Frandsen Checks Cleared

$          -3.35   Frandsen Service Charge

$174,965.57   10/31/2020 Bank Statement Balance

$   -9,404.82   Less 3 Outstanding Checks

$165,560.75   10/31/2020 Ending Check Book Balance

MMDA            

$  43,725.25    Beginning Balance

$           3.24    PBM Interest Earned

$           1.73    Frandsen Interest Earned

$  76,306.40    Room Tax Deposits

$120,036.53    10/31/2020 Ending Bank Statement Balance             General Fund $77,036.53

Highway Fund $43,000.00

$285,597.28    Total all Accounts

The Treasures report was reviewed; no changes were heard; Treasurers report approved.

 NEW BUSINESS:

 MOTION: Moved by Ryan, 2nd Dier to ADOPT THE 2021 BUDGET; all in favor; motion carried

 MOTION: Moved by Dier/ 2nd Ryan to APPROVE PAYMENT OF DISBURSEMENTS AND PAYROLL for checks #17122 to #17136 & electronic payments from 10/15/20 to 11/11/2020 for a total expenditure of $81,159.85; all in favor; motion carried.

The Chair ended the meeting at 5:38 p.m.

Patricia R. Swaffield, Clerk