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mW,tAts of the 1 IeeU .o <br /> MASHPE5E5 ffoLooLS(N<�-j AL�LTff0TZ-1TY <br /> -F�;,Oolro( of aomm 1. � <br /> 1-2, 2007 <br /> THIS MEETTING WA, U10UD10 TA PED FOR T] PURPOSE of TRA NSCRIP 770N ONL Y. <br /> The meeting was called to order by the chairperson at 5:35 PM. A quorum was declared with the <br /> following members present: David Harsch, Richard Halpern, Francis Laporte, and Charlotte Carron. Also <br /> in attendance: Leila Botsford, Executive Director/Board Secretary. ]ill Allen was absent. <br /> There was no public comment. <br /> SECRETARY'S REPORT. <br /> Minutes for the regular meeting held on June 1 , 2007 were presented. A motion was made by Mr. <br /> Laporte and seconded by [fir. Halperin to accept the minutes as printed. The motion was <br /> adopted. <br /> TREASURER" DEPORT. <br /> Budget to Actual and Narrative:native: Kars. Botsford provided a treasurer's report including the bank account <br /> report and the Budget to Actual Report, prepared* y# he fee-accountant, which represents through the <br /> twelfth month of the fiscal year. his. Botsford exp'laine' d that the fee accountant still had some <br /> bookkeeping to do in order to prepare the year-end reports. They should be done by raid-August. She <br /> reviewed the budget to actual and provided an explanation for variances. <br /> Accounts Payables: firs. Botsford presented the warrants for the 4001 account, MRVP account, and <br /> Section 8 account were presented to the board for review and signatures. Accounts payables were: <br /> $16,266.23 for 4001, $6,086.00 for Section 8, and 17,141.00 for MRVP. <br /> Rent Delinquencies. firs. Botsford stated that all rents are paid in full and we are at 10019/o occupancy at <br /> both developments. A motion was made by Mr. Halpern and seconded by Mr. Laporte to accept <br /> the treasurer's report as presented. The motion was adopted, <br /> EXECUTIVE TIVE DIRECTOR'S REPORT: <br /> Mrs. Botsford remarked that she had mailed her reports to the board for the month of June and it is <br /> attached to these minutes as Attachment A. <br /> Mrs. Botsford provided an additional written report, which was discussed. The report was as follows: <br /> wee are still waiting for the fiscal year 2008 budget guidelines to be issued by DHCD so that we <br /> can stark preparing our budget for the coming year. As soon as they are issued, I will be meeting <br /> with Torn Joy(the Fee Accountant) to bring a proposed budget to the board. <br /> Tom Joy is working on the yearend reports. They should be sent out in August. <br /> Asher's Path has been moving along great. we've been very busy with processing applications <br /> and interviewer potential residents. We had 77 people apply for the lottery. Given that usually <br /> only 1 in 3 qualify, were decided to establish a waiting list right away and encourage applicants to <br /> continue to apply. we are focusing on marketing a lot. We've established a"Refer a Friend' <br /> incentive program where an applicant who has been qualified and moves in will get o off their <br /> rent for every friend they refer and who moves in. We have gotten approval from the town to <br />