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bate of Meeting:
Time of Meeting:
Place of Meetin
CARLSBAD PARKING AUTHO ·y
July 3, 1970
2:00 P.M.
Council Chambers
The meeting was called to order by Chairman
Daugherty at 2:15 P.M.
Members present: Directors Daugherty, Killen
and Sugg
Members absent: Directors Cannon and Snedeker
Chairman Daugherty announced the Special Meeting
was called for the purpose of approving payment
of bills and authorizing transfer of funds.
APPROVAL OF MINUTES:
Minutes of the Special Meeting held October 29,
1969, were presented. Since two of the members
present at the October 29th meeting were not
I .
present at this meeting to constitute a 3/5th vot ,
approval of the minutes was deferred until the
next meeting.
PAYMENT OF BILLS:
Margaret Adams, Auditor for the Parking Authority
presented the following bills for payment:
City of Carlsbad
Jeffries Binknote
Security Pacific
National Bank
Reimbursement of $ 1,115.44 .:
miscellaneous ex-
penses
Printing of basic
documents •
Services rendered
as Fiscal Agent
1,578.16
94.87
It was noted that payment of the bill submitted
by th_e City of Carlsbad in the amount of $1,115.4
and Jeffries Banknote in the amount of $1,578.16
should be paid from the Acquisition and Constr~c-
tion Fund, and that the Fiscal Agent's bills in
the amount of $94.87 paid from the Working Capi-
tal Fund.
By proper motion authorization was given for the
payment of bills in the amount of $2,693.60 from
the Acquisition and Construction Fund, and $94.87
from the Working Capital Fund.
Transfer of Funds.
Mrs. Adams reported this would leave a balance in
the Acquisition and Construction Fund of
$52,452.34, and it is assumed that all of the
bills have been submitted for payment. In accord
ance with Section 14 of Resolution #5 of the
Parking Authority, any excess funds held in the
Acquisition and Constructio~.Fund should be trans
ferred and deposited in the Bond Reserve Fund.
These funds could then be invested by the Fiscal
Agent.
Authorization was given for the transfer of
$52,000.00 from the Acquisition and Construction
Fund to the Bond Reserve Fund.
Daugherty
Killen
Sugg
X
X X
X X
Daugherty x
Killen x x
Sugg XX
-2-
p
AUDIT OF BOOKS.
The Auditor of the Carlsbad Parking Authority re-
quested that the books of the Authority be audit-
ed by an outside auditor, as well as the report
that must be submitted to the State of California
prior to September 30, 1970. Mr. Wayne Carroll
of Carroll and Brantley has agreed to prepare
the Audit and Report.
Authorization was given to employ the firm of Daugherty x
Carroll and Brantley, Certified Public Accountant ,Killen x x
to prepare the annual audit and State Report. Sugg xx
ADJOURNMENT:
By proper motion the meeting was adjourned at
2:36 P.M.
Respectfully submitted,
777;t;~c«~
MARGA TE. ADAMS
Recor ing Secretary