HomeMy WebLinkAbout1971-07-13; Building Authority; MinutesMinutes of:
Date of Meetingf
Time of Meeting:
Place of Meeting:
(Adjourned Meeting)
Carlsbad Building Authority
July 13, 1971
5:00 P.M.
Council Chambers
The meeting was called to order by Vice Chairman
Peterson at 5:05 P.M. Present besides the Vice
Chairman was Director Jose. Director Helton was
absent;
The Vice Chairman announced this meet.ing was
called for the purpose of approving the annual
audit for fiscal year ending June 30, 1970, and
for election.of officers for.fi.scal year 1971-72.
•APPROVAL OF MINUTES
heldMeetings
1971 were
Minutes of the Special
January 25, 1971 and February 10,
approved as submitted.
APPROVAL OF AUDIT: At the meeting held January
25, 1971 the Authority requested a . clarification
as to the Interest Fund shown in parenthesis.
The Auditor of the Authority reported this was
discussed with Mr. Carroll of Carroll & Brantley,
Certified Public Accountants who prepared the
Audit, and the interest fund had been depleted in
the amount of $3,857.00 as of June 30, 1970.
Therefore, -the City has been instructed to increas
its annual payment from $34,000 per year to
$36,000 this next fiscal year to take care of this
deficit. Also the'Reserve Fund has earned $.J,8.89
as of June 30, 1970, and this" amount.should"be
transferred to.the Interest, F-und, as it is only
necessary to carry $20,800 in this fund. A check
in the amount of $1,525.44
the City of Carlsbad to be
Fund account, -and" with the
$;1 ; 88.9 ..00, th'is will take
of June 30, 1971. •
has been received from
placed in~ the Interest
transfer of the
care of the deficit as
By proper motion authorizationwas given to trans-
fer the sum of $1,889.00 as of June 30, 1970 from
the Reserve Fund to the Interest Fund.
Approval was'gi-ven to .the Audit Report as of
June 30, 1970, as submitted by Carroll & Brantley.
ELECTION OF OFFICERS. It was the concensus of
the members present that the election of officers,
be deferred until .all the members were present.
ANNUAL MEETING: Director Jose requested.that an
Agenda be prepared for the annual meeting in
November.
ADJOURNMENT:
By proper motion the meeting was adjourned at
5:32 P.M. to Tuesday, Ju.ly 27, 1971 at 5:00 P
Respectfully submitted,
M.
MARGARET E. ADAMS
Recording Secretary
Josec:i
Peterson
Jose
Peterson
Jose
P-e t e r s o n
Jose
Peterson