Revised notes on the Meeting of November 16, 2009. First meeting of
Prairie Point Finance Committee and Management to discuss the Prairie
Point Budget for next year. In attendance Bob Dott , Warren Gableman,
JoAnn Ashley, Silvia Graff, Hans Schneider, Tom Lessie, Leo Walsh, Bill
Bush, Nancy Schrader, Mary Ann Drescher, Dave Meister, and Claire Merkt.

 

The discussion followed the agenda sent out before the meeting. If this
is put on the Attic Angel web site please include the agenda.

 

 1. Gain on Move-out: committee was vocal on this being dropped from
    future Operating budgets. Mary Ann stated that the above might be
    dropped from future budgets as senior communities are no longer
    charging this type fee.

 

 

 1. Interest of $11,000 in the Operating expenses is the interest from
    previous year?s advancement from Attic Angel Association to enable
    Prairie Point to pay current bills before monthly fees are fully
    collected. The accumulation of past years totals about $400,00. In
    answer to questions about the actual components of the $400,000, Dave
    promised to research this and get back to the committee.

 

 

 1. In response to questions about salaries in the up coming budget, Mary
    Ann explained how they have a formula to arrive at their decisions on
    salaries. The committee feels they should give careful consideration
    to the current economic conditions, and its effects on the residents.

 

 

 1. Legal fees: legal fees included in the Operating budget are those
    incurred in connection with Prairie Point operation. The committee
    expects to ask for an itemization of the amount chargeable to Prairie
    Point Operating budget. A question arose as to why we pay these fees
    and not Attic Angel Association.

 

 

 1. A question about ?Purchased Services? under ?Administration? in the
    budget reveals that this includes service such as contracts on office
    machines.

 

    

     6.   The committee expressed a hope that it will be possible to keep
the monthly fee  

            stable.

 

 

 1. See III above.

 

     

      8.    Going to a three year contract with the Bruce Company  will
lower fees for

            two years in exchange for a reasonable increase in year
three.

 

 

 

 

 

 

    9.    Currently there is no charge to change storm doors when another
service is being 

           done. If you call for a storm door only, then you are charged
.Bob Dott suggested  

           we make a list of services we feel should be included without
extra charges.          r

 

Meeting was adjourned.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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