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