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HomeMy WebLinkAbout1971-12-09; Building Authority; MinutesMinutes of:. 'Date of J»1eettn:g : Time of Meeting: Place of Meeting: (Special Meeting) Carlsbad Building Auth De.cember "9, 1971 10:00 A.M. Council Chambers y The meeting was called to order at by Chairman Jose. Members present Jose, Helton and Anderson. 10:00 A.M. were .Di rector The Chairman announced the purpose of the meet in was to discuss the annual audit report for fisca year 1970-71 and to pay any outstanxh' ng bills. Audit Report: . Considerable discussion was given Report and to the recommendations Auditor. to the Audit made by the By motion of the Board it was agreed that the Construction Fund Account be closed as of January 1, 1972, and that all funds remaining in the account be transferred to the Interest Fund in accordance with the Auditors recommend- ation as of October.28, 1971. By proper motion it was agreed that all funds in excess of $20,800.00 remaining in the Reserve Fund be transferred to the Interest Fund on or after January 1, 1972. It was further agreed that the City reimburse • the Working Capital Fund in an amount that' would leave a balance of $1,500.00 after payment of the Auditor's fee for services rendered in fisca year 1970-71. It was noted that there was a $30.00 difference in the Construction Fund between the United States National Bank report and the Auditor's report. The Recording Secretary was instructed to send a letter to Mr. Carroll, the Auditor,,^ informing him the A'udit Report has not been ap- proved, as the Directors question the conflict ofrbalances in the Construction Fund, and as soon as a clarification 'is made it will enable the Directors to approve the Audit Report and in turn approve .payment of the Auditor's fee for services rendere.d. By proper motion approval was given the Audit Report for fiscal year 1970-71 and authorization given for the payment of the Auditor's fees in the amount of $185.00 from the Working Capital Fund, subject to satisfactory clarification of the balance in the Construction Fund. ADJOURNMENT: By proper motion the meeting was adjourned at 1 1 :40 A.M. Respectfully submitted, MARGA'R/ET E. ADAMS Receding Secretary Jose Helton Anderson Jose Helton Anderson Jose Helton Anderson Jose Helton Anderson